Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE - Changes in Level 3 Investments (Details 3)

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FAIR VALUE - Changes in Level 3 Investments (Details 3) (Measured on a Recurring Basis [Member], Level 3 Inputs [Member], USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Balance, Beginning $ 445,469
Total gains (losses)  
Included in net income 11,095 [1],[2]
Included in other comprehensive income (loss) 6,175 [1]
Amortization included in interest income 6,937
Purchases, sales and settlements  
Proceeds from sales (545)
Proceeds from repayments (27,043)
Balance, Ending 442,088
CMBS Conduit [Member]
  
Balance, Beginning 198,935
Total gains (losses)  
Included in net income 422 [1],[2]
Included in other comprehensive income (loss) (568) [1]
Amortization included in interest income 4,413
Purchases, sales and settlements  
Proceeds from sales (545)
Proceeds from repayments (2,324)
Balance, Ending 200,333
CMBS Other [Member]
  
Balance, Beginning 85,534
Total gains (losses)  
Included in other comprehensive income (loss) 432 [1]
Amortization included in interest income 184
Purchases, sales and settlements  
Proceeds from repayments (142)
Balance, Ending 86,008
Non-Agency RMBS [Member]
  
Balance, Beginning 57,581
Total gains (losses)  
Included in other comprehensive income (loss) 4,723 [1]
Amortization included in interest income 1,171
Purchases, sales and settlements  
Proceeds from repayments (1,951)
Balance, Ending 61,524
ABS Franchise [Member]
  
Balance, Beginning 0
Total gains (losses)  
Amortization included in interest income 24
Purchases, sales and settlements  
Proceeds from repayments (24)
Balance, Ending 0
Equity/Other Securities [Member]
  
Balance, Beginning 59,757
Total gains (losses)  
Included in other comprehensive income (loss) 1,588 [1]
Amortization included in interest income 1,145
Purchases, sales and settlements  
Proceeds from repayments (2,289)
Balance, Ending 60,201
Linked Transactions [Member]
  
Balance, Beginning 43,662
Total gains (losses)  
Included in net income 10,673 [1],[2]
Purchases, sales and settlements  
Proceeds from repayments (20,313)
Balance, Ending $ 34,022
[1] None of the gains (losses) recorded in earnings during the period is attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting date.
[2] These gains (losses) are recorded in the following line items in the consolidated statements of income: