Annual report pursuant to Section 13 and 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets and Liabilities Fair Value Recurring Basis (Details 1)

v3.3.1.900
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets and Liabilities Fair Value Recurring Basis (Details 1)
Dec. 31, 2015
USD ($)
Secutiy
Dec. 31, 2014
USD ($)
Secutiy
Apr. 30, 2010
Secutiy
Assets:      
Real estate securities, available-for-sale - Note 5 $ 59,034,000 $ 231,754,000  
Real estate securities, pledged as collateral - Note 5 105,963,000 407,689,000  
Derivative assets total 127,000 0  
Derivative liabilities:      
Derivative liabilities total 684,000 4,328,000  
Carrying Value      
Assets:      
Real estate securities, available-for-sale - Note 5 59,034,000 231,754,000  
Real estate securities, pledged as collateral - Note 5 105,963,000 407,689,000  
TBAs, not treated as hedges 127,000    
Derivative assets total 127,000 0  
Derivative liabilities:      
TBAs, not treated as hedges 684,000 2,365,000  
Estimated Fair Value      
Assets:      
Real estate securities, available-for-sale - Note 5 59,034,000 231,754,000  
Real estate securities, pledged as collateral - Note 5 105,963,000 407,689,000  
Derivative assets total 127,000 0  
Derivative liabilities:      
TBAs, not treated as hedges 684,000 2,365,000  
Non-consolidated CDO Securities      
Derivative liabilities:      
Investments Face Amount 0    
CMBS      
Assets:      
Real estate securities, available-for-sale - Note 5 178,966,000    
Derivative liabilities:      
Investments Face Amount 67,669,000    
Non-Agency RMBS      
Assets:      
Real estate securities, available-for-sale - Note 5 $ 9,619,000 $ 45,035,000  
Derivative liabilities:      
Number of Securities | Secutiy 9 28  
Investments Face Amount $ 16,477,000 $ 67,475,000  
CDO      
Assets:      
Real estate securities, available-for-sale - Note 5 $ 9,731,000    
Derivative liabilities:      
Number of Securities | Secutiy 2   2
Investments Face Amount $ 14,632,000    
Agency RMBS (FNMA/FHLMC)      
Assets:      
Real estate securities, available-for-sale - Note 5 $ 105,963,000 $ 407,689,000  
Derivative liabilities:      
Number of Securities | Secutiy 3 9  
Investments Face Amount $ 102,660,000 $ 390,771,000  
Level 2 | Carrying Value      
Assets:      
TBAs, not treated as hedges 127,000    
Derivative assets total 127,000    
Level 3 | Carrying Value      
Assets:      
TBAs, not treated as hedges 0    
Derivative assets total 0    
Level 3 Internal Pricing | Carrying Value      
Assets:      
TBAs, not treated as hedges 0    
Derivative assets total 0    
Measured on a Recurring Basis | Carrying Value      
Assets:      
Real estate securities, available-for-sale - Note 5 59,034,000    
Real estate securities, pledged as collateral - Note 5 105,963,000    
TBAs, not treated as hedges 127,000    
Derivative assets total 127,000    
Derivative liabilities:      
TBAs, not treated as hedges 684,000    
Derivative liabilities total 684,000    
Measured on a Recurring Basis | Estimated Fair Value      
Assets:      
Real estate securities, available-for-sale - Note 5 59,034,000    
Real estate securities, pledged as collateral - Note 5 105,963,000    
Derivative liabilities:      
TBAs, not treated as hedges 684,000    
Derivative liabilities total 684,000    
Measured on a Recurring Basis | CMBS | Carrying Value      
Assets:      
Real estate securities, available-for-sale - Note 5 39,684,000    
Measured on a Recurring Basis | CMBS | Estimated Fair Value      
Assets:      
Real estate securities, available-for-sale - Note 5 39,684,000    
Measured on a Recurring Basis | Non-Agency RMBS | Carrying Value      
Assets:      
Real estate securities, available-for-sale - Note 5 9,619,000    
Measured on a Recurring Basis | Non-Agency RMBS | Estimated Fair Value      
Assets:      
Real estate securities, available-for-sale - Note 5 9,619,000    
Measured on a Recurring Basis | CDO | Carrying Value      
Assets:      
Real estate securities, available-for-sale - Note 5 9,731,000    
Measured on a Recurring Basis | CDO | Estimated Fair Value      
Assets:      
Real estate securities, available-for-sale - Note 5 9,731,000    
Measured on a Recurring Basis | Agency RMBS (FNMA/FHLMC) | Carrying Value      
Assets:      
Real estate securities, pledged as collateral - Note 5 105,963,000    
Measured on a Recurring Basis | Agency RMBS (FNMA/FHLMC) | Estimated Fair Value      
Assets:      
Real estate securities, pledged as collateral - Note 5 105,963,000    
Measured on a Recurring Basis | Level 2      
Assets:      
Real estate securities, available-for-sale - Note 5 0    
Real estate securities, pledged as collateral - Note 5 105,963,000    
Derivative liabilities:      
TBAs, not treated as hedges 684,000    
Derivative liabilities total 684,000    
Measured on a Recurring Basis | Level 2 | CMBS      
Assets:      
Real estate securities, available-for-sale - Note 5 0    
Measured on a Recurring Basis | Level 2 | Non-Agency RMBS      
Assets:      
Real estate securities, available-for-sale - Note 5 0    
Measured on a Recurring Basis | Level 2 | CDO      
Assets:      
Real estate securities, available-for-sale - Note 5 0    
Measured on a Recurring Basis | Level 2 | Agency RMBS (FNMA/FHLMC)      
Assets:      
Real estate securities, pledged as collateral - Note 5 105,963,000    
Measured on a Recurring Basis | Level 3      
Assets:      
Real estate securities, available-for-sale - Note 5 49,303,000    
Real estate securities, pledged as collateral - Note 5 0    
Derivative liabilities:      
TBAs, not treated as hedges 0    
Derivative liabilities total 0    
Measured on a Recurring Basis | Level 3 | CMBS      
Assets:      
Real estate securities, available-for-sale - Note 5 39,684,000    
Measured on a Recurring Basis | Level 3 | Non-Agency RMBS      
Assets:      
Real estate securities, available-for-sale - Note 5 9,619,000    
Measured on a Recurring Basis | Level 3 | CDO      
Assets:      
Real estate securities, available-for-sale - Note 5 0    
Measured on a Recurring Basis | Level 3 | Agency RMBS (FNMA/FHLMC)      
Assets:      
Real estate securities, pledged as collateral - Note 5 0    
Measured on a Recurring Basis | Level 3 Internal Pricing      
Assets:      
Real estate securities, available-for-sale - Note 5 9,731,000    
Real estate securities, pledged as collateral - Note 5 0    
Derivative liabilities:      
TBAs, not treated as hedges 0    
Derivative liabilities total 0    
Measured on a Recurring Basis | Level 3 Internal Pricing | CMBS      
Assets:      
Real estate securities, available-for-sale - Note 5 0    
Measured on a Recurring Basis | Level 3 Internal Pricing | Non-Agency RMBS      
Assets:      
Real estate securities, available-for-sale - Note 5 0    
Measured on a Recurring Basis | Level 3 Internal Pricing | CDO      
Assets:      
Real estate securities, available-for-sale - Note 5 9,731,000    
Measured on a Recurring Basis | Level 3 Internal Pricing | Agency RMBS (FNMA/FHLMC)      
Assets:      
Real estate securities, pledged as collateral - Note 5 $ 0    
Other | Unlevered real estate securities      
Derivative liabilities:      
Number of Securities | Secutiy 8    
Investments Face Amount $ 37,404,000 167,457,000  
Excluded from face amount of unlevered real estate securities $ 116,000,000 $ 113,300,000