Annual report pursuant to Section 13 and 15(d)

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

v3.3.1.900
REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS (Details Narrative)
$ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
Aug. 31, 2015
USD ($)
loan
Jun. 30, 2015
USD ($)
May. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
loan
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2015
USD ($)
loan
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Original number of loans (approximate) | loan       2               2    
Face amount of securities sold     $ 3,900                      
Face amount of real estate related loans on non-accrual status       $ 63,500       $ 76,500       $ 63,500 $ 76,500  
Federal Income Tax basis       $ 175,900               $ 175,900    
Large loan reporting, percentage threshold       3.00%               3.00%    
Large loan reporting, dollar threshold       $ 4,500               $ 4,500    
Outstanding Face Amount       $ 238,449               $ 238,449    
Annual servicing fee, as a percentage of unpaid principal balances       0.50%               0.50%    
Interest income       $ 21,538 $ 23,010 $ 24,265 $ 27,078 23,738 $ 27,544 $ 29,893 $ 46,452 $ 95,891 127,627 $ 213,712
Weighted Average Yield of Retained Bonds       21.80%               21.80%    
Average price percentage - sold     24.11%                      
Proceeds from sale of investments     $ 900                 $ 1,425,480 798,580 46,536
Gain (loss) on sale of securities     $ 800                      
Individual Corporate Bank Loan                            
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Outstanding Face Amount       $ 141,865               141,865    
Others                            
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Large Loans reporting in the other category - Bank Loans Face Amount       59,400               59,400    
Large Loans reporting in the other category - Mezzanine Loans Face Amount       17,800               17,800    
Outstanding Face Amount       $ 77,151               $ 77,151    
Subprime Portfolio I                            
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Original number of loans (approximate) | loan       11,300               11,300    
Average loan seasoning                       125 months    
Percentage of aggregate principal balance for redemption of option       20.00%               20.00%    
Retained Notes excluded from face amount of debt in Subprime Portfolio I       $ 4,000               $ 4,000    
Excess Collateralization       $ 1,200               $ 1,200    
Weighted average coupon rate       9.24%               9.24%    
Gain on sale of CDO assets                       $ 100    
Subprime Portfolio II                            
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Original number of loans (approximate) | loan       7,300               7,300    
Average loan seasoning                       107 months    
Percentage of aggregate principal balance for redemption of option       10.00%               10.00%    
Weighted average coupon rate       8.68%               8.68%    
Gain on sale of CDO assets                       $ 100    
Total Real Estate Related and Other Loans Held for Sale                            
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Interest income                       36,800 49,300 81,500
Total Real Estate Related and other Loans Held-for-Sale, Net                            
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Outstanding Face Amount       $ 238,449               238,449    
Average Carrying Value       172,800       270,100       172,800 270,100 761,700
Residential Mortgage Loans                            
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Outstanding Face Amount $ 3,300     922               922    
Average Carrying Value       $ 2,400       $ 90,500       2,400 90,500 282,700
Interest income                       $ 100 $ 8,300 $ 27,300
Number of loans - charge-offs, sold | loan 2                          
Proceeds from Sale of Mortgage Loans Held-for-sale $ 2,900                          
Commercial Real Estate Loans - CDO VIII                            
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Face amount of securities sold   $ 12,000                        
Average price percentage - sold   100.01%                        
Proceeds from sale of investments   $ 12,000                        
Gain (loss) on sale of securities   900                        
Commercial Real Estate Loans - CDO IX                            
Accounts, Notes, Loans and Financing Receivable [Line Items]                            
Face amount of securities sold   $ 45,700                        
Average price percentage - sold   95.35%                        
Proceeds from sale of investments   $ 43,500                        
Gain (loss) on sale of securities   $ 600