Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE RELATED AND OTHER LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS (Subprime Characteristics) (Details 6)

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REAL ESTATE RELATED AND OTHER LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS (Subprime Characteristics) (Details 6)
 6 Months Ended
Jun. 30, 2016
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loan unpaid principal balance (“UPB”) $ 632,619,000
Face amount of debt 891,783,000
Subprime Portfolio I  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loan unpaid principal balance (“UPB”) $ 257,228,000
Weighted average coupon rate of loans 5.49%
Delinquencies of 60 or more days (UPB) $ 42,361,000
Net credit losses for the six months ended June 30, 2016 4,043,000
Cumulative net credit losses $ 289,367,000
Cumulative net credit losses as a % of original UPB 19.30%
Percentage of ARM loans 51.80%
Percentage of loans with original loan-to-value ratio 90% 10.50%
Percentage of interest-only loans 1.10%
Face amount of debt $ 251,890,000
Weighted average funding cost of debt 0.84%
Retained Notes excluded from face amount of debt in Subprime Portfolio I $ 4,000,000.0
Excess collateralization 1,300,000
Subprime Portfolio II  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loan unpaid principal balance (“UPB”) $ 375,391,000
Weighted average coupon rate of loans 4.38%
Delinquencies of 60 or more days (UPB) $ 96,915,000
Net credit losses for the six months ended June 30, 2016 5,453,000
Cumulative net credit losses $ 369,071,000
Cumulative net credit losses as a % of original UPB 33.90%
Percentage of ARM loans 64.20%
Percentage of loans with original loan-to-value ratio 90% 15.70%
Percentage of interest-only loans 2.60%
Face amount of debt $ 375,391,000
Weighted average funding cost of debt 0.73%