| GAINS (LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME (LOSS), NET |
17. GAINS
(LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME (LOSS), NET
These items are comprised of the following:
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Three Months Ended June 30,
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Six Months Ended June 30,
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2015
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2014
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2015
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2014
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Gain (loss) on settlement of investments, net
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Gain on settlement of real estate securities
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$
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28,854
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$
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15,698
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$
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34,740
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$
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18,032
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Loss on settlement of real estate securities
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(5,926
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)
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—
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(5,926
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)
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—
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Gain on repayment/disposition of loans held-for-sale
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1,532
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24,737
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1,532
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24,737
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Gain (loss) recognized on termination of hedge
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(612
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)
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—
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(612
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)
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—
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Gain (loss) on settlement of TBAs
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2,928
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—
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(1,943
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)
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—
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$
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26,776
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$
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40,435
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$
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27,791
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$
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42,769
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Other income (loss), net
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Gain (loss) on non-hedge derivative instruments
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$
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1,322
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$
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3,855
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$
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293
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$
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16,603
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Hedge ineffectiveness
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—
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259
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—
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259
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Collateral management fee income, net
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186
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250
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379
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515
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Equity in earnings of equity method investees
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328
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328
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642
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289
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Gain (loss) on disposal of long-lived assets
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—
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(32
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)
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—
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(34
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)
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Other income
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272
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22
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280
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524
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$
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2,108
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$
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4,682
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$
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1,594
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$
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18,156
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