Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE SECURITIES (Details Narrative)

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REAL ESTATE SECURITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 1 Months Ended
Mar. 31, 2014
Mar. 31, 2014
Non-consolidated CDO Securities [Member]
Jan. 31, 2014
FNMA/FHLMC Securities [Member]
Outstanding Face Amount $ 532,730 [1],[2] $ 115,300  
Total Outstanding face amount of fixed rate securities 340,600    
Total Outstanding face amount of floating rate securities 192,100    
Face amount of securities sold     503,000
Average price percentage     105.82%
Proceeds from sale of securities 532,236   532,200
Repayments of repurchase agreements     (516,100)
Gain on sale of securities     $ 1,900
[1] The total outstanding face amount was $340.6 million for fixed rate securities and $192.1 million for floating rate securities.
[2] Net of incurred losses.