Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE SECURITIES (Details Narrative)

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REAL ESTATE SECURITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 1 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Non-consolidated CDO Securities [Member]
Securities
Jan. 31, 2014
FNMA/FHLMC Securities [Member]
May 31, 2014
CDO Securities Tranche 1 [Member]
May 31, 2014
CDO Securities Tranche 2 [Member]
Number of securities     8      
Outstanding Face Amount     $ 112,500      
Total outstanding face amount of fixed rate securities 262,600          
Total outstanding face amount of floating rate securities 124,000          
Face amount of securities sold       503,000 68,300 54,200
Average price percentage       105.82% 105.20% 93.00%
Proceeds from sale of securities 798,122 43,916   532,200 71,900 50,400
Repayments of repurchase agreements       (516,100)    
Gain on sale of securities       1,900 15,000 700
Repayments of CDO bonds payable and other term loan financings         $ (71,900) $ (50,400)