Annual report pursuant to Section 13 and 15(d)

DEBT OBLIGATIONS - Debt Obligations (Details)

v3.3.1.900
DEBT OBLIGATIONS - Debt Obligations (Details) - USD ($)
 1 Months Ended 12 Months Ended
Jul. 31, 2014
Jun. 30, 2013
Dec. 31, 2015
Oct. 31, 2015
Aug. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Nov. 30, 2014
Debt Instrument [Line Items]                
Debt Face Amount     $ 971,270,000 $ 19,400,000     $ 1,318,167,000  
Carrying Value     $ 970,842,000       1,314,840,000  
Weighted Average Coupon - Basis for Variable Rate     LIBOR          
Weighted Average Coupon - Spread on Basis for Variable Rate     3.50%          
CDO VI                
Debt Instrument [Line Items]                
Debt Face Amount     $ 92,933,000       92,462,000  
Carrying Value     $ 92,933,000       92,462,000  
Weighted Average Coupon - Rate     1.12%          
Weighted Average Funding Cost     1.12%          
Weighted Average Life (Years)     4 years 1 month 6 days          
Face Amount of Floating Rate Debt     $ 89,183,000          
Outstanding Face Amount of Collateral     69,838,000          
Amortized Cost Basis of Collateral     25,124,000          
Carrying Value of Collateral     $ 46,392,000          
Weighted Average Maturity (Years) Of Collateral     3 years 11 months          
Floating Rate Face Amount of Collateral     $ 12,477,000          
CDO VIII                
Debt Instrument [Line Items]                
Debt Face Amount     0     $ 11,500,000 71,813,000  
Carrying Value     $ 0       71,717,000  
Weighted Average Coupon - Rate     0.00%          
Weighted Average Coupon - Basis for Variable Rate   one-month LIBOR            
Weighted Average Coupon - Spread on Basis for Variable Rate   1.50%            
Weighted Average Funding Cost     0.00%          
Weighted Average Life (Years)     0 years          
Face Amount of Floating Rate Debt     $ 0          
Outstanding Face Amount of Collateral     0          
Amortized Cost Basis of Collateral     0          
Carrying Value of Collateral     $ 0          
Weighted Average Maturity (Years) Of Collateral     0 years          
Floating Rate Face Amount of Collateral     $ 0          
CDO IX                
Debt Instrument [Line Items]                
Debt Face Amount     0       62,578,000  
Carrying Value     $ 0       63,494,000  
Weighted Average Coupon - Rate     0.00%          
Weighted Average Funding Cost     0.00%          
Weighted Average Life (Years)     6 days          
Face Amount of Floating Rate Debt     $ 0          
Outstanding Face Amount of Collateral     0          
Amortized Cost Basis of Collateral     0          
Carrying Value of Collateral     $ 0          
Weighted Average Maturity (Years) Of Collateral     0 years          
Floating Rate Face Amount of Collateral     $ 0          
Total CDO Bonds Payable                
Debt Instrument [Line Items]                
Debt Face Amount     92,933,000       226,853,000  
Carrying Value     $ 92,933,000       227,673,000  
Weighted Average Funding Cost     1.12%          
Weighted Average Life (Years)     4 years 1 month 6 days          
Face Amount of Floating Rate Debt     $ 89,183,000          
Outstanding Face Amount of Collateral     69,838,000          
Amortized Cost Basis of Collateral     25,124,000          
Carrying Value of Collateral     $ 46,392,000          
Weighted Average Maturity (Years) Of Collateral     3 years 11 months          
Floating Rate Face Amount of Collateral     $ 12,477,000          
NCT 2013-VI IMM-1                
Debt Instrument [Line Items]                
Debt Face Amount     4,984,000       31,060,000  
Carrying Value     $ 4,672,000       27,069,000  
Weighted Average Coupon - Basis for Variable Rate     LIBOR          
Weighted Average Coupon - Spread on Basis for Variable Rate     0.25%          
Weighted Average Funding Cost     21.78%          
Weighted Average Life (Years)     5 months 6 days          
Face Amount of Floating Rate Debt     $ 4,984,000          
Mezzanine Note Payable                
Debt Instrument [Line Items]                
Debt Face Amount     11,660,000 $ 11,700,000     0  
Carrying Value     $ 11,490,000       0  
Weighted Average Coupon - Spread on Basis for Variable Rate     3.00%          
Weighted Average Funding Cost     6.38%          
Weighted Average Life (Years)     9 months 6 days          
Face Amount of Floating Rate Debt     $ 11,660,000          
Outstanding Face Amount of Collateral     19,433,000          
Amortized Cost Basis of Collateral     19,433,000          
Carrying Value of Collateral     $ 19,433,000          
Weighted Average Maturity (Years) Of Collateral     6 months 6 days          
Floating Rate Face Amount of Collateral     $ 19,433,000          
Total Other Bonds And Notes Payable                
Debt Instrument [Line Items]                
Debt Face Amount     16,644,000       31,060,000  
Carrying Value     $ 16,162,000       27,069,000  
Weighted Average Coupon - Basis for Variable Rate     LIBOR          
Weighted Average Coupon - Spread on Basis for Variable Rate     3.00%          
Weighted Average Funding Cost     10.83%          
Weighted Average Life (Years)     8 months 6 days          
Face Amount of Floating Rate Debt     $ 16,644,000          
Outstanding Face Amount of Collateral     19,433,000          
Amortized Cost Basis of Collateral     19,433,000          
Carrying Value of Collateral     $ 19,433,000          
Weighted Average Maturity (Years) Of Collateral     6 months 6 days          
Floating Rate Face Amount of Collateral     $ 19,433,000          
CDO Securities                
Debt Instrument [Line Items]                
Debt Face Amount $ 20,000,000   0       55,894,000  
Carrying Value     $ 0       55,894,000  
Weighted Average Coupon - Rate     0.00%          
Weighted Average Coupon - Basis for Variable Rate one-month LIBOR   LIBOR          
Weighted Average Coupon - Spread on Basis for Variable Rate 1.65%   1.65%          
Weighted Average Funding Cost     0.00%          
Weighted Average Life (Years)     0 years          
Face Amount of Floating Rate Debt     $ 0          
FNMA/FHLMC securities                
Debt Instrument [Line Items]                
Debt Face Amount     348,625,000       385,282,000 $ 391,900,000
Carrying Value     $ 348,625,000       385,282,000  
Weighted Average Coupon - Rate     0.71%          
Weighted Average Funding Cost     0.71%          
Weighted Average Life (Years)     1 month 6 days          
Face Amount of Floating Rate Debt     $ 0          
Outstanding Face Amount of Collateral     350,280,000          
Amortized Cost Basis of Collateral     365,265,000          
Carrying Value of Collateral     $ 365,265,000          
Weighted Average Maturity (Years) Of Collateral     7 years 8 months 6 days          
Floating Rate Face Amount of Collateral     $ 0          
Golf Loans                
Debt Instrument [Line Items]                
Debt Face Amount     70,000,000       0  
Carrying Value     $ 69,833,000       0  
Weighted Average Coupon - Basis for Variable Rate     LIBOR          
Weighted Average Coupon - Spread on Basis for Variable Rate     3.50%          
Weighted Average Funding Cost     5.13%          
Weighted Average Life (Years)     5 months 6 days          
Face Amount of Floating Rate Debt     $ 70,000,000          
Floating Rate Face Amount of Collateral     0          
Total Repurchase Agreements                
Debt Instrument [Line Items]                
Debt Face Amount     418,625,000       441,176,000  
Carrying Value     $ 418,458,000       441,176,000  
Weighted Average Funding Cost     1.45%          
Weighted Average Life (Years)     2 months 6 days          
Face Amount of Floating Rate Debt     $ 70,000,000          
Outstanding Face Amount of Collateral     350,280,000          
Amortized Cost Basis of Collateral     365,265,000          
Carrying Value of Collateral     $ 365,265,000          
Weighted Average Maturity (Years) Of Collateral     7 years 8 months 6 days          
Floating Rate Face Amount of Collateral     $ 0          
First Lien Loan (G)                
Debt Instrument [Line Items]                
Debt Face Amount     0   $ 51,400,000   49,923,000  
Carrying Value     $ 0       49,800,000  
Weighted Average Coupon - Basis for Variable Rate     3-month LIBOR          
Weighted Average Coupon - Spread on Basis for Variable Rate     4.00%          
Weighted Average Funding Cost     0.00%          
Weighted Average Life (Years)     0 years          
Face Amount of Floating Rate Debt     $ 0          
Second Lien Loan (G)                
Debt Instrument [Line Items]                
Debt Face Amount     0   $ 105,600,000   105,575,000  
Carrying Value     $ 0       105,315,000  
Weighted Average Coupon - Rate     0.00%          
Weighted Average Funding Cost     0.00%          
Weighted Average Life (Years)     0 years          
Vineyard II                
Debt Instrument [Line Items]                
Debt Face Amount     $ 200,000.0       200,000  
Carrying Value     $ 200,000       200,000  
Weighted Average Coupon - Rate     2.11%          
Weighted Average Funding Cost     2.11%          
Weighted Average Life (Years)     28 years 6 days          
Face Amount of Floating Rate Debt     $ 200,000          
Capital Leases (Equipment)                
Debt Instrument [Line Items]                
Debt Face Amount     11,058,000       6,159,000  
Carrying Value     $ 11,058,000       6,159,000  
Weighted Average Funding Cost     6.46%          
Weighted Average Life (Years)     4 years 6 months 6 days          
Face Amount of Floating Rate Debt     $ 0          
Capital Leases (Equipment) | Lower Range                
Debt Instrument [Line Items]                
Weighted Average Coupon - Rate     3.83%          
Capital Leases (Equipment) | Upper Range                
Debt Instrument [Line Items]                
Weighted Average Coupon - Rate     11.54%          
Total Golf Credit Facilities                
Debt Instrument [Line Items]                
Debt Face Amount     $ 11,258,000       161,857,000  
Carrying Value     $ 11,258,000       161,474,000  
Weighted Average Funding Cost     6.38%          
Weighted Average Life (Years)     4 years 11 months 6 days          
Face Amount of Floating Rate Debt     $ 200,000          
Junior subordinated notes payable                
Debt Instrument [Line Items]                
Debt Face Amount     51,004,000       51,004,000  
Carrying Value     $ 51,225,000       51,231,000  
Weighted Average Coupon - Rate     7.57%          
Weighted Average Funding Cost     7.36%          
Weighted Average Life (Years)     19 years 3 months 6 days          
Face Amount of Floating Rate Debt     $ 0          
Total Corporate                
Debt Instrument [Line Items]                
Debt Face Amount     51,004,000       51,004,000  
Carrying Value     $ 51,225,000       51,231,000  
Weighted Average Funding Cost     7.36%          
Weighted Average Life (Years)     19 years 3 months 6 days          
Face Amount of Floating Rate Debt     $ 0          
Subtotal debt obligation                
Debt Instrument [Line Items]                
Debt Face Amount     590,464,000       911,950,000  
Carrying Value     $ 590,036,000       908,623,000  
Weighted Average Funding Cost     2.26%          
Weighted Average Life (Years)     2 years 7 months 6 days          
Face Amount of Floating Rate Debt     $ 176,027,000          
Outstanding Face Amount of Collateral     439,551,000          
Amortized Cost Basis of Collateral     409,822,000          
Carrying Value of Collateral     $ 431,090,000          
Weighted Average Maturity (Years) Of Collateral     6 years 8 months 6 days          
Floating Rate Face Amount of Collateral     $ 31,910,000          
Financing on subprime mortgage loans subject to call option                
Debt Instrument [Line Items]                
Debt Face Amount     380,806,000       406,217,000  
Carrying Value     $ 380,806,000       $ 406,217,000