Quarterly report pursuant to Section 13 or 15(d)

Schedule of Loan Valuation (Details)

v2.4.0.6
Schedule of Loan Valuation (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Outstanding Face Amount $ 2,946,191 [1],[2]    
Real estate related loans, held-for-sale, net 851,525   843,132
Residential mortgage loans, held-for-sale, net 2,380   2,471
Valuation Allowance/(Reversal) In Current Year 2,234 (9,031)  
Total Real Estate Related Loans Held for Sale
      
Outstanding Face Amount 1,251,678    
Real estate related loans, held-for-sale, net 851,525    
Fair Value 867,777    
Valuation Allowance/(Reversal) In Current Year 1,441    
Total Residential Mortgage Loans Held For Sale
      
Outstanding Face Amount 3,451    
Real estate related loans, held-for-sale, net 2,380    
Fair Value 2,380    
Valuation Allowance/(Reversal) In Current Year (6)    
Reverse Mortgage Loans Held for Investment
      
Outstanding Face Amount 58,586    
Residential mortgage loans, held-for-sale, net 35,484    
Fair Value 37,180    
Valuation Allowance/(Reversal) In Current Year       
Discount Rate Weighted Average 10.60%    
Prepayment Speed Weighted Average N/A    
Cumulative Default Rate Weighted Average N/A    
Loss Severity Weighted Average N/A    
Total Residential Mortgage Loans Held For Investment
      
Outstanding Face Amount 374,264    
Residential mortgage loans, held-for-sale, net 317,708    
Fair Value 324,554    
Valuation Allowance/(Reversal) In Current Year 799    
Mezzanine Loans
      
Outstanding Face Amount 518,307    
Real estate related loans, held-for-sale, net 432,432    
Fair Value 445,343    
Valuation Allowance/(Reversal) In Current Year (838)    
Discount Rate Input Range 3.5%-25.0%    
Loss Severity Input Range 0.00%-100.0%    
Discount Rate Weighted Average 9.10%    
Loss Severity Weighted Average 10.90%    
Corporate Bank Loans
      
Outstanding Face Amount 582,474    
Real estate related loans, held-for-sale, net 277,831    
Fair Value 277,830    
Valuation Allowance/(Reversal) In Current Year 2,285    
Discount Rate Input Range 6.7%-41.7%    
Loss Severity Input Range 0.00%-100.0%    
Discount Rate Weighted Average 16.70%    
Loss Severity Weighted Average 45.60%    
B-Notes
      
Outstanding Face Amount 120,872    
Real estate related loans, held-for-sale, net 111,237    
Fair Value 114,437    
Valuation Allowance/(Reversal) In Current Year (6)    
Discount Rate Input Range 6.0%-15.0%    
Loss Severity Input Range 0.0%    
Discount Rate Weighted Average 10.40%    
Loss Severity Weighted Average 0.00%    
Whole Loans
      
Outstanding Face Amount 30,025    
Real estate related loans, held-for-sale, net 30,025    
Fair Value 30,167    
Valuation Allowance/(Reversal) In Current Year       
Discount Rate Input Range 4.8%-6.9%    
Loss Severity Input Range 0.0%-15.0%    
Discount Rate Weighted Average 4.80%    
Loss Severity Weighted Average 14.50%    
Non-Securitized Manufacturing Housing Loan Portfolio I
      
Outstanding Face Amount 569    
Real estate related loans, held-for-sale, net 153    
Fair Value 153    
Valuation Allowance/(Reversal) In Current Year (3)    
Discount Rate Weighted Average 68.20%    
Prepayment Speed Weighted Average 5.00%    
Cumulative Default Rate Weighted Average 11.60%    
Loss Severity Weighted Average 70.00%    
Non-Securitized Manufacturing Housing Loan Portfolio II
      
Outstanding Face Amount 2,882    
Real estate related loans, held-for-sale, net 2,227    
Fair Value 2,227    
Valuation Allowance/(Reversal) In Current Year (3)    
Discount Rate Weighted Average 15.50%    
Prepayment Speed Weighted Average 5.00%    
Cumulative Default Rate Weighted Average 3.50%    
Loss Severity Weighted Average 75.00%    
Securitized Manufacturing Housing Loan Portfolio I
      
Outstanding Face Amount 114,355    
Residential mortgage loans, held-for-sale, net 96,752    
Fair Value 97,192    
Valuation Allowance/(Reversal) In Current Year 13    
Discount Rate Weighted Average 9.50%    
Prepayment Speed Weighted Average 5.00%    
Cumulative Default Rate Weighted Average 4.00%    
Loss Severity Weighted Average 70.00%    
Securitized Manufacturing Housing Loan Portfolio II
      
Outstanding Face Amount 146,865    
Residential mortgage loans, held-for-sale, net 144,274    
Fair Value 143,048    
Valuation Allowance/(Reversal) In Current Year 835    
Discount Rate Weighted Average 7.50%    
Prepayment Speed Weighted Average 5.00%    
Cumulative Default Rate Weighted Average 3.50%    
Loss Severity Weighted Average 75.00%    
Residential Loans
      
Outstanding Face Amount 54,458    
Residential mortgage loans, held-for-sale, net 41,198    
Fair Value 47,134    
Valuation Allowance/(Reversal) In Current Year $ (49)    
Discount Rate Weighted Average 7.40%    
Prepayment Speed Weighted Average 4.70%    
Cumulative Default Rate Weighted Average 2.80%    
Loss Severity Weighted Average 46.50%    
[1] (G) The total outstanding face amount of fixed rate securities was $0.5 billion, and of floating rate securities was $2.4 billion.
[2] (A) Net of incurred losses.