Quarterly report pursuant to Section 13 or 15(d)

Schedule of Loan Valuation (Details)

v2.4.0.6
Schedule of Loan Valuation (Details) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Mezzanine Loans
  
Outstanding Face Amount $ 608,953
Carrying Value 486,572
Fair Value 493,221
Valuation Allowance/(Reversal) In Current Year (1,788)
Discount Rate Input Range 8.0%-15.0%
Loss Severity Input Range 0.00%-100%
Corporate Bank Loans
  
Outstanding Face Amount 300,663
Carrying Value 189,328
Fair Value 189,328
Valuation Allowance/(Reversal) In Current Year (12,064)
Discount Rate Input Range 7.7%-29.0%
Loss Severity Input Range 0.0%-68%
B-Notes
  
Outstanding Face Amount 207,981
Carrying Value 185,701
Fair Value 185,701
Valuation Allowance/(Reversal) In Current Year (546)
Discount Rate Input Range 6.2%-15.0%
Loss Severity Input Range 0.0%
Whole Loans
  
Outstanding Face Amount 30,352
Carrying Value 30,352
Fair Value 30,368
Valuation Allowance/(Reversal) In Current Year 0
Discount Rate Input Range 5.1%-7.1%
Loss Severity Input Range 0.0%
Total Real Estate Related Loans Held for Sale
  
Outstanding Face Amount 1,147,949
Carrying Value 891,953
Fair Value 898,618
Valuation Allowance/(Reversal) In Current Year (14,398)
Non-Securitized Manufacturing Housing Loan Portfolio I
  
Outstanding Face Amount 640
Carrying Value 169
Fair Value 169
Valuation Allowance/(Reversal) In Current Year 14
Discount Rate Input Range 39.2%
Prepayment Speed Input Range 0.0%
Default Rate Input Range 52.9%
Loss Severity Input Range 75.0%
Non-Securitized Manufacturing Housing Loan Portfolio II
  
Outstanding Face Amount 3,682
Carrying Value 2,777
Fair Value 2,777
Valuation Allowance/(Reversal) In Current Year (573)
Discount Rate Input Range 15.5%
Prepayment Speed Input Range 5.0%
Default Rate Input Range 3.5%
Loss Severity Input Range 80.0%
Total Residential Mortgage Loans Held For Sale
  
Outstanding Face Amount 4,322
Carrying Value 2,946
Fair Value 2,946
Valuation Allowance/(Reversal) In Current Year (559)
Securitized Manufacturing Housing Loan Portfolio I
  
Outstanding Face Amount 125,948
Carrying Value 105,225
Fair Value 105,441
Valuation Allowance/(Reversal) In Current Year 810
Discount Rate Input Range 9.5%
Prepayment Speed Input Range 4.0%
Default Rate Input Range 4.0%
Loss Severity Input Range 75.0%
Securitized Manufacturing Housing Loan Portfolio II
  
Outstanding Face Amount 165,494
Carrying Value 162,402
Fair Value 159,737
Valuation Allowance/(Reversal) In Current Year 2,074
Discount Rate Input Range 7.5%
Prepayment Speed Input Range 5.0%
Default Rate Input Range 3.5%
Loss Severity Input Range 80.0%
Residential Mortgage Loans
  
Outstanding Face Amount 58,523
Carrying Value 43,470
Fair Value 43,632
Valuation Allowance/(Reversal) In Current Year (181)
Discount Rate Input Range 4.7%-7.9%
Prepayment Speed Input Range 0.0%-5.0%
Default Rate Input Range 0.0%-3.0%
Loss Severity Input Range 0.0%-50.0%
Total Residential Mortgage Loans Held For Investment
  
Outstanding Face Amount 349,965
Carrying Value 311,097
Fair Value 308,810
Valuation Allowance/(Reversal) In Current Year $ 2,703