Quarterly report pursuant to Section 13 or 15(d)

GAIN(LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME(LOSS), NET

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GAIN(LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME(LOSS), NET
 9 Months Ended
Sep. 30, 2012
Gainlosses On Settlement Of Investments Net And Other Incomeloss Net  
GAIN (LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME(LOSS), NET

10. GAIN (LOSSES) ON SETTLEMENT OF INVESTMENTS, NET AND OTHER INCOME (LOSS), NET

 

These items are comprised of the following:

 

    Three Months Ended
 September 30,		     Nine Months Ended
 September 30,		  
    2012     2011     2012     2011  
Gain (loss) on settlement of investments, net                        
Gain on settlement of real estate securities   $ 4,930     $ 5,635     $ 14,615     $ 78,570  
Loss on settlement of real estate securities     (8 )     (24 )     (4,433 )     (5,047 )
Gain on sale of CDO X interests     224,317       —       224,317       —  
Gain on repayment/disposition of loans held-for-sale     —       25       —       1,811  
Loss on repayment/disposition of loans held-for-sale     —       —       (1,614 )     —  
    $ 229,239     $ 5,636     $ 232,885     $ 75,334  
Other income (loss), net                                
Gain (loss) on non-hedge derivative instruments   $ 1,975     $ (2,109 )   $ 6,052     $ 194  
Unrealized (loss) recognized at de-designation of hedges     —       —       (7,036 )     (13,796 )
Hedge ineffectiveness     —       (1,181 )     483       (881 )
Equity in earinings of equity method investees     —       43       —       43  
Collateral management fee income, net     407       496       1,383       1,864  
Other income (loss)     42       —       768       —  
    $ 2,424     $ (2,751 )   $ 1,650     $ (12,576 )