Annual report pursuant to Section 13 and 15(d)

REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS, SUBPRIME MORTGAGE LOANS (Details Narrative)

v2.4.0.8
REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS, SUBPRIME MORTGAGE LOANS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Total Residential Mortgage Loans Held For Sale
Dec. 31, 2013
Total Residential Mortgage Loans Held For Investment
Dec. 31, 2013
Individual Bank Loan
Dec. 31, 2013
Others
Dec. 31, 2013
Total Real Estate Related and Other Loans Held for Sale
Dec. 31, 2012
Total Real Estate Related and Other Loans Held for Sale
Dec. 31, 2011
Total Real Estate Related and Other Loans Held for Sale
Dec. 31, 2013
Total Residential Mortgage Loans
Dec. 31, 2012
Total Residential Mortgage Loans
Dec. 31, 2011
Total Residential Mortgage Loans
Dec. 31, 2013
Subprime Portfolio I
M
Dec. 31, 2013
Subprime Portfolio II
M
Federal Income Tax basis $ 748,500               $ 748,500                          
Interest Receivable 4,667       8,959       4,667 8,959 100 4,300                    
Face Amount of Real Estate Related Loans on Non-Accrual Status 76,500       137,700       76,500 137,700                        
Large loan reporting, percentage threshold 3.00%               3.00%                          
Large loan reporting, dollar threshold 13,100               13,100                          
Cash received subsequent to period end                         83,300                  
Face value subsequent to period end                         99,400                  
Large Loans reporting in the other category - Bank Loans Face Amount                           71,000                
Large Loans reporting in the other category - Mezzanine Loans Face Amount                           44,000                
Large Loans reporting in the other category - B-Notes Face Amount                           13,000                
Large Loans reporting in the other category - Whole Loans Face Amount                           600                
Average Carrying Value                             761,700 843,400 795,300 282,700 312,500 354,900    
Interest income 42,073 47,486 62,824 61,332 59,186 72,947 77,956 72,862 213,715 282,951         81,500 81,500 65,700 27,300 31,600 34,100    
Annual servicing fee, as a precentage of unpaid principal balances 50.00%               50.00%                          
Weighted average coupon rate                                         9.24% 8.68%
Average loan seasoning                                         101 83
Weighted Average Yield of Retained Bonds 24.53%               24.53%                          
Retained Notes excluded from face amount of debt in Subprime Portfolio I $ 4,000               $ 4,000