Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Gain (Loss) on Settlement of Investments (Details)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Gain (Loss) on Settlement of Investments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Realized/unrealized (gain) loss on investments      
Unrealized loss on securities, intent-to-sell $ 23,128 $ 0 $ 0
Realized (gain) loss on settlement of TBAs, net (18,318) 12,907 4,151
Loss recognized on termination of derivative instruments 0 612 0
Loss recognized on termination of derivative instruments (1,222) (1,758) (17,599)
Realized loss recognized upon de-designation of hedges 0 0 34
Realized/unrealized (gain) loss on investments 685 (22,264) (69,593)
Other income (loss), net      
Gain (loss) on lease modifications and terminations (62) 471 7,219
Collateral management fee income, net 592 708 963
Equity in earnings (losses) of equity method investees, net (1,338) (6,194) 954
(Loss) on disposal of long-lived assets (22) (1,403) (1,294)
Other income (loss) (2,244) 844 437
Other Income (Loss), net (3,074) (5,574) 8,279
Real Estate Related and other Loans      
Realized/unrealized (gain) loss on investments      
Gain on settlement of investments 48 (1,519) (32,500)
Real Estate Securities      
Realized/unrealized (gain) loss on investments      
Gain on settlement of investments (19,129) (42,356) (23,679)
Loss on settlement of real estate securities $ 16,178 $ 9,850 $ 0