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REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Subprime Characteristics (Details 6)

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REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Subprime Characteristics (Details 6)
$ in Thousands
3 Months Ended
Mar. 31, 2016
USD ($)
Financing Receivable, Impaired [Line Items]  
Loan unpaid principal balance (“UPB”) $ 649,041
Face amount of debt 867,411
Subprime Portfolio I  
Financing Receivable, Impaired [Line Items]  
Loan unpaid principal balance (“UPB”) $ 266,657
Weighted average coupon rate of loans 5.49%
Delinquencies of 60 or more days (UPB) $ 46,954
Net credit losses 2,663
Cumulative net credit losses $ 287,987
Cumulative net credit losses as a % of original UPB 19.20%
Percentage of ARM loans 51.30%
Percentage of loans with original loan-to-value ratio 90% 10.70%
Percentage of interest-only loans 1.70%
Face amount of debt $ 261,833
Weighted average funding cost of debt 0.81%
Subprime Portfolio II  
Financing Receivable, Impaired [Line Items]  
Loan unpaid principal balance (“UPB”) $ 382,384
Weighted average coupon rate of loans 4.41%
Delinquencies of 60 or more days (UPB) $ 106,333
Net credit losses 3,410
Cumulative net credit losses $ 367,028
Cumulative net credit losses as a % of original UPB 33.70%
Percentage of ARM loans 64.20%
Percentage of loans with original loan-to-value ratio 90% 15.80%
Percentage of interest-only loans 3.50%
Face amount of debt $ 382,384
Weighted average funding cost of debt 0.70%