Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Carrying Values and Estimated Fair Value) (Details)

v3.5.0.2
FAIR VALUE (Carrying Values and Estimated Fair Value) (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Assets        
Real estate securities, available-for-sale $ 12,988 $ 59,034    
Real estate securities, available-for-sale - pledged as collateral 452,815 105,963    
Real estate related and other loans, held-for-sale, net 143,526 149,198    
Subprime mortgage loans subject to call option 362,931 380,806    
Restricted cash 5,864 4,469    
Cash and cash equivalents 52,261 45,651 $ 114,338 $ 73,727
Liabilities        
Repurchase agreements 361,085 418,458    
Credit facilities and obligations under capital leases 112,843 11,258    
Financing of subprime mortgage loans subject to call option 362,931 380,806    
Junior subordinated notes payable 51,221 $ 51,225    
Carrying Value        
Assets        
Real estate securities, available-for-sale 12,988      
Real estate securities, available-for-sale - pledged as collateral 452,815      
Real estate related and other loans, held-for-sale, net 143,526      
Residential mortgage loans, held-for-sale, net 442      
Subprime mortgage loans subject to call option 362,931      
Restricted cash 5,864      
Cash and cash equivalents 52,261      
Non-hedge derivative assets 243      
Liabilities        
Repurchase agreements 361,085      
Credit facilities and obligations under capital leases 112,843      
Financing of subprime mortgage loans subject to call option 362,931      
Junior subordinated notes payable 51,221      
Non-hedge derivative liabilities 2,566      
Estimated Fair Value        
Assets        
Real estate securities, available-for-sale 12,988      
Real estate securities, available-for-sale - pledged as collateral 452,815      
Real estate related and other loans, held-for-sale, net 159,598      
Residential mortgage loans, held-for-sale, net 476      
Subprime mortgage loans subject to call option 362,931      
Restricted cash 5,864      
Cash and cash equivalents 52,261      
Non-hedge derivative assets 243      
Liabilities        
Repurchase agreements 361,085      
Credit facilities and obligations under capital leases 112,843      
Financing of subprime mortgage loans subject to call option 362,931      
Junior subordinated notes payable 22,486      
Non-hedge derivative liabilities $ 2,566