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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)
9 Months Ended
Sep. 30, 2016
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loan unpaid principal balance (“UPB”) $ 607,551,000
Face amount of debt 1,354,409,000
Subprime Portfolio I  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loan unpaid principal balance (“UPB”) $ 247,163,000
Weighted average coupon rate of loans 5.45%
Delinquencies of 60 or more days (UPB) $ 38,390,000
Net credit losses for the nine months ended September 30, 2016 6,452,000
Cumulative net credit losses $ 291,776,000
Cumulative net credit losses as a % of original UPB 19.40%
Percentage of ARM loans 51.70%
Percentage of loans with original loan-to-value ratio 90% 10.60%
Percentage of interest-only loans 0.80%
Face amount of debt $ 242,306,000
Weighted average funding cost of debt 0.91%
Retained Notes excluded from face amount of debt in Subprime Portfolio I $ 4,000,000.0
Excess collateralization 900,000
Subprime Portfolio II  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loan unpaid principal balance (“UPB”) $ 360,388,000
Weighted average coupon rate of loans 4.37%
Delinquencies of 60 or more days (UPB) $ 84,480,000
Net credit losses for the nine months ended September 30, 2016 13,036,000
Cumulative net credit losses $ 376,653,000
Cumulative net credit losses as a % of original UPB 34.60%
Percentage of ARM loans 64.10%
Percentage of loans with original loan-to-value ratio 90% 15.50%
Percentage of interest-only loans 1.90%
Face amount of debt $ 360,388,000
Weighted average funding cost of debt 0.79%