Annual report pursuant to Section 13 and 15(d)

Schedule of Securities Valuation Methodology (Details)

v2.4.0.6
Schedule of Securities Valuation Methodology (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Outstanding Face Amount (A) $ 2,078,101 $ 2,421,136
Amortized Cost Basis (B) 1,608,787 1,734,329
Total Fair Value 1,691,575 1,731,744
CDOs
    
Outstanding Face Amount (A) 203,477 206,150
Amortized Cost Basis (B) 67,538 67,625
Multiple Quotes Fair Value (C)     
Single Quote Fair Value (D) 65,027  
Internal Pricing Models Fair Value (E) 5,998  
Total Fair Value 71,025 55,986
FNMA/FHLMC Securities
    
Outstanding Face Amount (A) 768,619 232,355
Amortized Cost Basis (B) 818,866 243,385
Multiple Quotes Fair Value (C) 395,131  
Single Quote Fair Value (D) 425,404  
Internal Pricing Models Fair Value (E)     
Total Fair Value 820,535 244,915
RE Securities CMBS
    
Outstanding Face Amount (A) 474,992  
Amortized Cost Basis (B) 336,966  
Multiple Quotes Fair Value (C) 255,784  
Single Quote Fair Value (D) 74,242  
Internal Pricing Models Fair Value (E) 46,365  
Total Fair Value 376,391  
RE Securities REIT Debt
    
Outstanding Face Amount (A) 62,700  
Amortized Cost Basis (B) 62,069  
Multiple Quotes Fair Value (C) 34,809  
Single Quote Fair Value (D) 31,365  
Internal Pricing Models Fair Value (E)     
Total Fair Value 66,174  
RE Securities ABS Subprime
    
Outstanding Face Amount (A) 558,215  
Amortized Cost Basis (B) 321,801  
Multiple Quotes Fair Value (C) 290,731  
Single Quote Fair Value (D) 39,290  
Internal Pricing Models Fair Value (E) 25,954  
Total Fair Value 355,975  
RE Securities ABS Other Real Estate
    
Outstanding Face Amount (A) 10,098  
Amortized Cost Basis (B) 1,547  
Multiple Quotes Fair Value (C)     
Single Quote Fair Value (D) 798  
Internal Pricing Models Fair Value (E) 677  
Total Fair Value 1,475  
RE Securities Total
    
Outstanding Face Amount (A) 2,078,101  
Amortized Cost Basis (B) 1,608,787  
Multiple Quotes Fair Value (C) 976,455  
Single Quote Fair Value (D) 636,126  
Internal Pricing Models Fair Value (E) 78,994  
Total Fair Value $ 1,691,575