| GAIN (LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME (LOSS), NET |
9. GAIN (LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME (LOSS), NET
These items are comprised of the following:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2011 |
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2010 |
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2011 |
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2010 |
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| Gain (loss) on settlement of investments, net
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| Gain on settlement of real estate securities
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$ |
38,778 |
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$ |
14,289 |
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$ |
72,935 |
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$ |
28,106 |
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| Loss on settlement of real estate securities
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(3,238 |
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(5,335 |
) |
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(5,023 |
) |
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(6,196 |
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| Gain on repayment/disposition of loans held for sale
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66 |
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1,786 |
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| Realized gain (loss) on termination of derivative instruments
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(3,279 |
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$ |
35,606 |
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$ |
8,954 |
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$ |
69,698 |
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$ |
18,631 |
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| Other income (loss), net
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| Gain (loss) on non-hedge derivative instruments
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$ |
(2,528 |
) |
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$ |
(2,383 |
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$ |
2,303 |
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$ |
(4,131 |
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| Unrealized (loss) recognized at de-designation of hedges
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(8,481 |
) |
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(13,796 |
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| Hedge ineffectiveness
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17 |
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(167 |
) |
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300 |
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(168 |
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| Equity in earnings of equity method investees
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(7 |
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78 |
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| Collateral management fee income
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832 |
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125 |
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1,368 |
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259 |
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| Other income (loss)
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134 |
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184 |
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$ |
(10,160 |
) |
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$ |
(2,298 |
) |
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$ |
(9,825 |
) |
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$ |
(3,778 |
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