Annual report pursuant to Section 13 and 15(d)

REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Subprime Characteristics (Details 9)

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REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Subprime Characteristics (Details 9) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loan unpaid principal balance $ 664,783  
Face amount of debt 971,270 $ 1,318,167
Subprime Portfolio I    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loan unpaid principal balance $ 274,956  
Weighted average coupon rate of loans 5.52%  
Delinquencies of 60 or more days (UPB) $ 54,197  
Net credit losses for year ended 13,295 25,225
Cumulative net credit losses $ 285,324  
Cumulative net credit losses as a % of original UPB 19.00%  
Percentage of ARM loans 51.40%  
Percentage of loans with loan-to-value ratio 90% 10.60%  
Percentage of interest-only loans 1.90%  
Face amount of debt $ 269,765  
Weighted average funding cost of debt 0.79%  
Subprime Portfolio II    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loan unpaid principal balance $ 389,827  
Weighted average coupon rate of loans 4.36%  
Delinquencies of 60 or more days (UPB) $ 108,817  
Net credit losses for year ended 27,942 $ 34,102
Cumulative net credit losses $ 363,618  
Cumulative net credit losses as a % of original UPB 33.40%  
Percentage of ARM loans 63.90%  
Percentage of loans with loan-to-value ratio 90% 16.10%  
Percentage of interest-only loans 3.40%  
Face amount of debt $ 389,827  
Weighted average funding cost of debt 0.69%