Quarterly report pursuant to Section 13 or 15(d)

GAIN(LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME(LOSS), NET

v2.4.0.6
GAIN(LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME(LOSS), NET
 6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
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:

 

  Three Months Ended
 June 30,		   Six Months Ended
 June 30,
    2012   2011   2012   2011
Gain (loss) on settlement of investments, net                
Gain on settlement of real estate securities   $ 2,913     $ 38,778     $ 9,685     $ 72,935  
Loss on settlement of real estate securities     (4,090 )     (3,238 )     (4,425 )     (5,023 )
Gain on repayment/disposition of loans held-for-sale     —       66       —       1,786  
Loss on repayment/disposition of loans held-for-sale     —       —        (1,614 )     —  
    $ (1,177 )   $ 35,606     $ 3,646     $ 69,698  
Other income (loss), net                                
Gain (loss) on non-hedge derivative instruments   $ 2,021     $ (2,528 )   $ 4,077     $ 2,303  
Unrealized (loss) recognized at de-designation of hedges     (6,760 )     (8,481 )     (7,036 )     (13,796 )
Hedge ineffectiveness     453       17       483       300  
Collateral management fee income, net     463       832       976       1,368  
Other income (loss)     79       —       726       —  
    $ (3,744 )   $ (10,160 )   $ (774 )   $ (9,825 )