Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position (Details 1)

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REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position (Details 1) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Securities
Dec. 31, 2013
Carrying Value $ 310,639 $ 984,263
Securities in an Unrealized Loss Position Less than Twelve Months [Member]
    
Outstanding Face Amount 3,237  
Before Impairment - Amortized Cost Basis 3,237  
Amortized Cost Basis After Impairment 3,237  
Gross unrealized losses - less than twelve months (4)  
Carrying value - less than twelve months 3,233  
Number of securities, less than twelve months 1  
Weighted Average Rating BBB-  
Weighted Average Coupon 5.78%  
Weighted Average Yield 5.78%  
Weighted Average Maturity (Years) 0 years 1 month 6 days  
Securities in an Unrealized Loss Position [Member]
    
Outstanding Face Amount 3,237  
Before Impairment - Amortized Cost Basis 3,237  
Other Than Temporary Impairment - Amortized Cost Basis   (2,873)
Amortized Cost Basis After Impairment 3,237  
Total gross unrealized losses (4)  
Carrying Value $ 3,233  
Number of securities 1  
Weighted Average Rating BBB-  
Weighted Average Coupon 5.78%  
Weighted Average Yield 5.78%  
Weighted Average Maturity (Years) 0 years 1 month 6 days