Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE RELATED LOANS - Schedule of Excess Mortgage Servicing Rights (MSRs) (Details)

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REAL ESTATE RELATED LOANS - Schedule of Excess Mortgage Servicing Rights (MSRs) (Details) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2012
Unpaid Principal Balance $ 79,629,020
Amortized Cost Basis 251,467
Carrying Value 258,347
Weighted Average Yield 17.60%
Weighted Average Maturity (Years) 5.5
Changes in Fair Value Recorded in Other Income (Loss) 6,513
Excess MSRs Pool 1
  
Unpaid Principal Balance 8,761,705
Amortized Cost Basis 31,360
Carrying Value 36,430
Weighted Average Yield 18.00%
Weighted Average Maturity (Years) 4.7
Changes in Fair Value Recorded in Other Income (Loss) 4,902
MSR Pool 1 Recapture Agreement
  
Unpaid Principal Balance 0
Amortized Cost Basis 4,999
Carrying Value 5,473
Weighted Average Yield 18.00%
Weighted Average Maturity (Years) 10.6
Changes in Fair Value Recorded in Other Income (Loss) 275
Excess MSRs Pool 2
  
Unpaid Principal Balance 9,734,046
Amortized Cost Basis 34,729
Carrying Value 35,024
Weighted Average Yield 17.30%
Weighted Average Maturity (Years) 4.9
Changes in Fair Value Recorded in Other Income (Loss) 295
MSR Pool 2 Recapture Agreement
  
Unpaid Principal Balance 0
Amortized Cost Basis 5,820
Carrying Value 6,251
Weighted Average Yield 17.30%
Weighted Average Maturity (Years) 11.7
Changes in Fair Value Recorded in Other Income (Loss) 431
Excess MSRs Pool 3
  
Unpaid Principal Balance 9,413,001
Amortized Cost Basis 29,195
Carrying Value 31,037
Weighted Average Yield 17.60%
Weighted Average Maturity (Years) 4.7
Changes in Fair Value Recorded in Other Income (Loss) 1,842
MSR Pool 3 Recapture Agreement
  
Unpaid Principal Balance 0
Amortized Cost Basis 5,210
Carrying Value 5,091
Weighted Average Yield 17.60%
Weighted Average Maturity (Years) 11.2
Changes in Fair Value Recorded in Other Income (Loss) (119)
Excess MSRs Pool 4
  
Unpaid Principal Balance 6,013,872
Amortized Cost Basis 11,875
Carrying Value 12,451
Weighted Average Yield 17.90%
Weighted Average Maturity (Years) 4.6
Changes in Fair Value Recorded in Other Income (Loss) 576
MSR Pool 4 Recapture Agreement
  
Unpaid Principal Balance 0
Amortized Cost Basis 2,952
Carrying Value 3,073
Weighted Average Yield 17.90%
Weighted Average Maturity (Years) 11.0
Changes in Fair Value Recorded in Other Income (Loss) 121
Excess MSRs Pool 5
  
Unpaid Principal Balance 45,706,396
Amortized Cost Basis 116,805
Carrying Value 114,779
Weighted Average Yield 17.50%
Weighted Average Maturity (Years) 4.8
Changes in Fair Value Recorded in Other Income (Loss) (2,026)
MSR Pool 5 Recapture Agreement
  
Unpaid Principal Balance 0
Amortized Cost Basis 8,522
Carrying Value 8,738
Weighted Average Yield 17.50%
Weighted Average Maturity (Years) 12.1
Changes in Fair Value Recorded in Other Income (Loss) $ 216