Annual report pursuant to Section 13 and 15(d)

REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Loss Allowance Rollforward (Details 5)

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REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Loss Allowance Rollforward (Details 5) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Valuation (allowance) reversal on loans $ 25,035 $ 24,587  
Real Estate Related and Other Loans Held For Sale
      
Beginning Balance (182,062) (228,017)  
Charge-offs 68,546 [1] 17,742 [1]  
Valuation (allowance) reversal on loans 19,479 28,213 21,629
Ending balance (94,037) (182,062) (228,017)
Residential Mortgage Loans Held For Sale
      
Beginning Balance (1,072) (2,461)  
Charge-offs 143 [1] 896 [1]  
Valuation (allowance) reversal on loans 105 493 (2,864)
Ending balance (824) (1,072) (2,461)
Residential Mortgage Loans Held For Investment
      
Beginning Balance (22,478) [2] (26,075) [2]  
Charge-offs 4,780 [1],[2] 7,716 [1],[2]  
Valuation (allowance) reversal on loans 5,451 [2] (4,119) [2] (3,602)
Ending balance $ (12,247) [2] $ (22,478) [2] $ (26,075) [2]
[1] The charge-offs for real estate related loans represent three and six loans which were written off, sold, restructured, or paid off at a discounted price during 2013 and 2012, respectively.
[2] The allowance for credit losses was determined based on the guidance for loans acquired with deteriorated credit quality.