REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position (Details 1) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
Integer
|
Dec. 31, 2012
Integer
|
|||||||||||||||
Outstanding Face Amount | $ 1,170,905 | [1],[2] | $ 2,078,101 | [1] | ||||||||||||
Before Impairment - Amortized Cost Basis | 1,069,503 | 1,811,040 | ||||||||||||||
Other Than Temporary Impairment - Amortized Cost Basis | (167,648) | (202,253) | ||||||||||||||
Amortized Cost Basis | 901,855 | [3] | 1,608,787 | |||||||||||||
Gains - Gross Unrealized | 82,699 | 98,762 | ||||||||||||||
Losses - Gross Unrealized | (291) | (15,974) | ||||||||||||||
Carrying Value | 984,263 | [4] | 1,691,575 | [4] | ||||||||||||
Number of Investments | 165 | 229 | ||||||||||||||
Weighted Average Rating | BBB | [5] | BBB- | [5] | ||||||||||||
Weighted Average Coupon | 3.65% | 3.04% | ||||||||||||||
Weighted Average Yield | 5.44% | 4.69% | ||||||||||||||
Weighted Average Maturity (Years) | 2 years 10 months 24 days | [6] | 4 years | [6] | ||||||||||||
Securities in an Unrealized Loss Position Less than Twelve Months
|
||||||||||||||||
Outstanding Face Amount | 14,456 | |||||||||||||||
Before Impairment - Amortized Cost Basis | 17,024 | |||||||||||||||
Other Than Temporary Impairment - Amortized Cost Basis | (2,874) | |||||||||||||||
Amortized Cost Basis | 14,150 | |||||||||||||||
Gains - Gross Unrealized | ||||||||||||||||
Losses - Gross Unrealized | (115) | |||||||||||||||
Carrying Value | 14,035 | |||||||||||||||
Number of Investments | 6 | |||||||||||||||
Weighted Average Rating | BBB+ | |||||||||||||||
Weighted Average Coupon | 5.58% | |||||||||||||||
Weighted Average Yield | 6.34% | |||||||||||||||
Weighted Average Maturity (Years) | 0 years 10 months 24 days | |||||||||||||||
Securities in an Unrealized Loss Position Greater than Twelve Months
|
||||||||||||||||
Outstanding Face Amount | 11,157 | |||||||||||||||
Before Impairment - Amortized Cost Basis | 10,963 | |||||||||||||||
Other Than Temporary Impairment - Amortized Cost Basis | ||||||||||||||||
Amortized Cost Basis | 10,963 | |||||||||||||||
Gains - Gross Unrealized | ||||||||||||||||
Losses - Gross Unrealized | (176) | |||||||||||||||
Carrying Value | 10,787 | |||||||||||||||
Number of Investments | 2 | |||||||||||||||
Weighted Average Rating | B | |||||||||||||||
Weighted Average Coupon | 5.58% | |||||||||||||||
Weighted Average Yield | 5.74% | |||||||||||||||
Weighted Average Maturity (Years) | 3 years 2 months 12 days | |||||||||||||||
Securities in an Unrealized Loss Position
|
||||||||||||||||
Outstanding Face Amount | 25,613 | |||||||||||||||
Before Impairment - Amortized Cost Basis | 27,987 | |||||||||||||||
Other Than Temporary Impairment - Amortized Cost Basis | (2,874) | |||||||||||||||
Amortized Cost Basis | 25,113 | |||||||||||||||
Gains - Gross Unrealized | ||||||||||||||||
Losses - Gross Unrealized | (291) | |||||||||||||||
Carrying Value | $ 24,822 | |||||||||||||||
Number of Investments | 8 | |||||||||||||||
Weighted Average Rating | BB+ | |||||||||||||||
Weighted Average Coupon | 5.49% | |||||||||||||||
Weighted Average Yield | 6.08% | |||||||||||||||
Weighted Average Maturity (Years) | 1 year 10 months 24 days | |||||||||||||||
|