Annual report pursuant to Section 13 and 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring Fair Value Measurements (Details)

v3.6.0.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring Fair Value Measurements (Details) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Real estate securities $ 1,950 $ 59,034
Real estate securities, pledged as collateral 627,304 105,963
Derivative assets total 856 127
Carrying Value    
Assets:    
Real estate securities 1,950 59,034
Real estate securities, pledged as collateral 627,304 105,963
Derivative assets total 856 127
Estimated Fair Value    
Assets:    
Real estate securities 1,950 59,034
Real estate securities, pledged as collateral 627,304 105,963
Derivative assets total 856 $ 127
Measured on a Recurring Basis | Interest rate cap    
Assets:    
Derivative assets not treated as hedge 371  
Measured on a Recurring Basis | Carrying Value    
Assets:    
Real estate securities 1,950  
Real estate securities, pledged as collateral 627,304  
Derivative assets total 856  
Measured on a Recurring Basis | Carrying Value | TBAs    
Assets:    
Derivative assets not treated as hedge 485  
Measured on a Recurring Basis | Estimated Fair Value    
Assets:    
Real estate securities 1,950  
Real estate securities, pledged as collateral 627,304  
Derivative assets not treated as hedge 485  
Derivative assets total 856  
Measured on a Recurring Basis | Estimated Fair Value | Interest rate cap    
Assets:    
Derivative assets not treated as hedge 371  
Measured on a Recurring Basis | Market Quotations (Unobservable) | Estimated Fair Value | Interest rate cap    
Assets:    
Derivative assets not treated as hedge 0  
Measured on a Recurring Basis | Internal Pricing Models | Estimated Fair Value | Interest rate cap    
Assets:    
Derivative assets not treated as hedge 0  
Measured on a Recurring Basis | Level 2 | Market Quotations (Unobservable) | Estimated Fair Value    
Assets:    
Real estate securities 0  
Real estate securities, pledged as collateral 627,304  
Derivative assets total 856  
Measured on a Recurring Basis | Level 2 | Market Quotations (Unobservable) | Estimated Fair Value | Interest rate cap    
Assets:    
Derivative assets not treated as hedge 371  
Measured on a Recurring Basis | Level 2 | Market Quotations (Unobservable) | Estimated Fair Value | TBAs    
Assets:    
Derivative assets not treated as hedge 485  
Measured on a Recurring Basis | Level 3 | Market Quotations (Unobservable) | Estimated Fair Value    
Assets:    
Real estate securities 0  
Real estate securities, pledged as collateral 0  
Derivative assets total 0  
Measured on a Recurring Basis | Level 3 | Market Quotations (Unobservable) | Estimated Fair Value | TBAs    
Assets:    
Derivative assets not treated as hedge 0  
Measured on a Recurring Basis | Level 3 | Internal Pricing Models | Estimated Fair Value    
Assets:    
Real estate securities 1,950  
Real estate securities, pledged as collateral 0  
Derivative assets total 0  
Measured on a Recurring Basis | Level 3 | Internal Pricing Models | Estimated Fair Value | TBAs    
Assets:    
Derivative assets not treated as hedge 0  
ABS - Non-Agency RMBS | Measured on a Recurring Basis | Carrying Value    
Assets:    
Real estate securities 1,950  
ABS - Non-Agency RMBS | Measured on a Recurring Basis | Estimated Fair Value    
Assets:    
Real estate securities 1,950  
ABS - Non-Agency RMBS | Measured on a Recurring Basis | Level 2 | Market Quotations (Unobservable) | Estimated Fair Value    
Assets:    
Real estate securities 0  
ABS - Non-Agency RMBS | Measured on a Recurring Basis | Level 3 | Market Quotations (Unobservable) | Estimated Fair Value    
Assets:    
Real estate securities 0  
ABS - Non-Agency RMBS | Measured on a Recurring Basis | Level 3 | Internal Pricing Models | Estimated Fair Value    
Assets:    
Real estate securities 1,950  
FNMA/FHLMC (A) | Measured on a Recurring Basis | Carrying Value    
Assets:    
Real estate securities, pledged as collateral 627,304  
FNMA/FHLMC (A) | Measured on a Recurring Basis | Estimated Fair Value    
Assets:    
Real estate securities, pledged as collateral 627,304  
FNMA/FHLMC (A) | Measured on a Recurring Basis | Level 2 | Market Quotations (Unobservable) | Estimated Fair Value    
Assets:    
Real estate securities, pledged as collateral 627,304  
FNMA/FHLMC (A) | Measured on a Recurring Basis | Level 3 | Market Quotations (Unobservable) | Estimated Fair Value    
Assets:    
Real estate securities, pledged as collateral 0  
FNMA/FHLMC (A) | Measured on a Recurring Basis | Level 3 | Internal Pricing Models | Estimated Fair Value    
Assets:    
Real estate securities, pledged as collateral $ 0