Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND VARIABLE INTEREST ENTITIES (Details Narrative)

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SEGMENT REPORTING AND VARIABLE INTEREST ENTITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Aggregate Face Amount of debt eliminated upon consolidation $ 70,500
Carrying Value of debt eliminated upon consolidation 61,800
Debt Face Amount 3,244,366
VIE
  
Debt Face Amount 42,200
Face amount of CDO V Class I, III, and IV-FL notes 17,800
FNMA/FHLMC Securities
  
Assets collateralized under repurchase agreement 1,400,000
Non-Agency RMBS
  
Assets collateralized under repurchase agreement 233,800
FNMA/FHLMC Securities
  
Repurchase agreement value 1,300,000
Debt Face Amount 1,315,557 [1],[2]
Residential Mortgage Loans
  
Repurchase agreement value $ 158,000
[1] (G) These repurchase agreements had $0.1 million of associated accrued interest payable at March 31, 2013. $1.5 billion face amount of these repurchase agreements were renewed subsequent to March 31, 2013.
[2] (I) The counterparties on these repurchase agreements are Bank of America ($291.4 million), Barclays ($267.2 million), Citi ($118.8 million), Goldman Sachs ($343.8 million), Morgan Stanley ($56.2 million) and Nomura ($238.2 million). Interest rates on these repurchase agreements are fixed, but will be reset on a short-term basis.