Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE - Changes in Level 3 Investments (Details 3)

v2.4.0.8
FAIR VALUE - Changes in Level 3 Investments (Details 3) (Measured on a Recurring Basis, USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Level 3A Inputs
  
Balance, Beginning $ 725,872
Transfers  
Transfers In 45,852 [1]
Transfers Out (11,548) [1]
Spin-off of New Residential (560,783) [1]
Total gains (losses)  
Included in net income 725 [2],[3]
Included in other comprehensive income (loss) 38,221 [2]
Amortization included in interest income 23,340
Purchases, sales and settlements  
Purchases 310,332
Proceeds from sales (80,472)
Proceeds from repayments (49,072)
Balance, Ending 442,467
Level 3B Inputs
  
Balance, Beginning 78,994
Transfers  
Transfers In 11,548 [1]
Transfers Out (45,852) [1]
Total gains (losses)  
Included in net income 2,970 [2],[3]
Included in other comprehensive income (loss) 2,340 [2]
Amortization included in interest income 5,850
Purchases, sales and settlements  
Purchases   
Proceeds from sales (42,188)
Proceeds from repayments (6,281)
Balance, Ending 7,381
CMBS Conduit | Level 3A Inputs
  
Balance, Beginning 225,575
Transfers  
Transfers In 12,152 [1]
Transfers Out (3,291) [1]
Spin-off of New Residential    [1]
Total gains (losses)  
Included in net income 279 [2],[3]
Included in other comprehensive income (loss) 10,836 [2]
Amortization included in interest income 6,746
Purchases, sales and settlements  
Purchases   
Proceeds from sales (51,708)
Proceeds from repayments (4,758)
Balance, Ending 195,831
CMBS Conduit | Level 3B Inputs
  
Balance, Beginning 29,194
Transfers  
Transfers In 3,291 [1]
Transfers Out (12,152) [1]
Total gains (losses)  
Included in net income 69 [2],[3]
Included in other comprehensive income (loss) 3,607 [2]
Amortization included in interest income 1,593
Purchases, sales and settlements  
Purchases   
Proceeds from sales (21,868)
Proceeds from repayments (1,524)
Balance, Ending 2,210
CMBS Other | Level 3A Inputs
  
Balance, Beginning 104,451
Transfers  
Transfers In 11,803 [1]
Transfers Out (8,257) [1]
Spin-off of New Residential    [1]
Total gains (losses)  
Included in net income (165) [2],[3]
Included in other comprehensive income (loss) 2,128 [2]
Amortization included in interest income 516
Purchases, sales and settlements  
Purchases   
Proceeds from sales (16,902)
Proceeds from repayments (5,539)
Balance, Ending 88,035
CMBS Other | Level 3B Inputs
  
Balance, Beginning 17,171
Transfers  
Transfers In 8,257 [1]
Transfers Out (11,803) [1]
Total gains (losses)  
Included in net income (159) [2],[3]
Included in other comprehensive income (loss) 1,135 [2]
Amortization included in interest income 240
Purchases, sales and settlements  
Purchases   
Proceeds from sales (14,841)
Proceeds from repayments   
Balance, Ending   
Non-Agency RMBS | Level 3A Inputs
  
Balance, Beginning 330,021
Transfers  
Transfers In 21,897 [1]
Transfers Out    [1]
Spin-off of New Residential (560,783) [1]
Total gains (losses)  
Included in net income (683) [2],[3]
Included in other comprehensive income (loss) 26,542 [2]
Amortization included in interest income 12,375
Purchases, sales and settlements  
Purchases 267,160
Proceeds from sales (6,127)
Proceeds from repayments (33,009)
Balance, Ending 57,393
Non-Agency RMBS | Level 3B Inputs
  
Balance, Beginning 25,954
Transfers  
Transfers In    [1]
Transfers Out (21,897) [1]
Total gains (losses)  
Included in net income 3,055 [2],[3]
Included in other comprehensive income (loss) (2,137) [2]
Amortization included in interest income 3,345
Purchases, sales and settlements  
Purchases   
Proceeds from sales (5,054)
Proceeds from repayments (3,153)
Balance, Ending 113
ABS Franchise | Level 3A Inputs
  
Balance, Beginning 798
Transfers  
Transfers In    [1]
Transfers Out    [1]
Spin-off of New Residential    [1]
Total gains (losses)  
Included in net income (87) [2],[3]
Included in other comprehensive income (loss) 296 [2]
Amortization included in interest income   
Purchases, sales and settlements  
Purchases   
Proceeds from sales (934)
Proceeds from repayments (73)
Balance, Ending   
ABS Franchise | Level 3B Inputs
  
Balance, Beginning 677
Transfers  
Transfers In    [1]
Transfers Out    [1]
Total gains (losses)  
Included in net income 5 [2],[3]
Included in other comprehensive income (loss) (223) [2]
Amortization included in interest income 307
Purchases, sales and settlements  
Purchases   
Proceeds from sales (425)
Proceeds from repayments (341)
Balance, Ending   
Equity/Other Securities | Level 3A Inputs
  
Balance, Beginning 65,027
Transfers  
Transfers In    [1]
Transfers Out    [1]
Spin-off of New Residential    [1]
Total gains (losses)  
Included in net income 1,381 [2],[3]
Included in other comprehensive income (loss) (1,581) [2]
Amortization included in interest income 3,703
Purchases, sales and settlements  
Purchases   
Proceeds from sales (4,801)
Proceeds from repayments (5,693)
Balance, Ending 58,036
Equity/Other Securities | Level 3B Inputs
  
Balance, Beginning 5,998
Transfers  
Transfers In    [1]
Transfers Out    [1]
Total gains (losses)  
Included in net income    [2],[3]
Included in other comprehensive income (loss) (42) [2]
Amortization included in interest income 365
Purchases, sales and settlements  
Purchases   
Proceeds from sales   
Proceeds from repayments (1,263)
Balance, Ending 5,058
Linked Transactions | Level 3A Inputs
  
Balance, Beginning   
Transfers  
Transfers In    [1]
Transfers Out    [1]
Spin-off of New Residential    [1]
Total gains (losses)  
Included in net income    [2],[3]
Included in other comprehensive income (loss)    [2]
Amortization included in interest income   
Purchases, sales and settlements  
Purchases 43,172
Proceeds from sales   
Proceeds from repayments   
Balance, Ending 43,172
Linked Transactions | Level 3B Inputs
  
Balance, Beginning   
Transfers  
Transfers In    [1]
Transfers Out    [1]
Total gains (losses)  
Included in net income    [2],[3]
Included in other comprehensive income (loss)    [2]
Amortization included in interest income   
Purchases, sales and settlements  
Purchases   
Proceeds from sales   
Proceeds from repayments   
Balance, Ending   
[1] (A) Transfers are assumed to occur at the beginning of the quarter.
[2] (B) None of the gains (losses) recorded in earnings during the period is attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting date.
[3] (C) These gains (losses) are recorded in the following line items in the consolidated statements of income (See Schedule of Gains Losses on Fair Value of RE Securities).