Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Activity in Carrying Value (Details 2)

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REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Activity in Carrying Value (Details 2) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Financing Receivable, Impaired [Line Items]        
Valuation (allowance) reversal on loans $ (3,010) $ 4,015 $ (7,684) $ 1,243
Balance at September 30, 2015 [1] 142,802   142,802  
Real Estate Related and Other Loans Held For Sale [Member]        
Financing Receivable, Impaired [Line Items]        
Balance at December 31, 2014     230,200  
Purchases / additional fundings     0  
Interest accrued to principal balance     19,497  
Principal paydowns     (46,696)  
Sales     (55,574)  
Valuation (allowance) reversal on loans     (7,461)  
Accretion of loan discount, other amortization and other income     (3,203)  
Other     (367)  
Balance at September 30, 2015 142,802   142,802  
Residential Mortgage Loans Held For Sale [Member]        
Financing Receivable, Impaired [Line Items]        
Balance at December 31, 2014     3,854  
Purchases / additional fundings     0  
Interest accrued to principal balance     0  
Principal paydowns     (131)  
Sales     (2,912)  
Valuation (allowance) reversal on loans     (223)  
Accretion of loan discount, other amortization and other income     13  
Other     (6)  
Balance at September 30, 2015 $ 569   $ 569  
[1] Based on the final extended maturity date of each loan investment as of September 30, 2015.