Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE - Changes in Level 3 Investments (Details 3)

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FAIR VALUE - Changes in Level 3 Investments (Details 3) (Measured on a Recurring Basis [Member], Level 3 Inputs [Member], USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Balance, Beginning $ 445,469
Total gains (losses)  
Included in net income 28,617 [1],[2]
Included in other comprehensive income (loss) (8,588) [1]
Amortization included in interest income 21,393
Purchases, sales and settlements  
Proceeds from sales (122,828)
Proceeds from repayments (83,717)
Balance, Ending 280,476
CMBS Conduit [Member]
  
Balance, Beginning 198,935
Total gains (losses)  
Included in net income 15,402 [1],[2]
Included in other comprehensive income (loss) (18,663) [1]
Amortization included in interest income 14,986
Purchases, sales and settlements  
Proceeds from sales (72,438)
Proceeds from repayments (5,713)
Balance, Ending 132,509
CMBS Other [Member]
  
Balance, Beginning 85,534
Total gains (losses)  
Included in other comprehensive income (loss) (231) [1]
Amortization included in interest income 368
Purchases, sales and settlements  
Proceeds from repayments (12,095)
Balance, Ending 73,576
Non-Agency RMBS [Member]
  
Balance, Beginning 57,581
Total gains (losses)  
Included in other comprehensive income (loss) 5,432 [1]
Amortization included in interest income 4,101
Purchases, sales and settlements  
Proceeds from repayments (6,883)
Balance, Ending 60,231
ABS Franchise [Member]
  
Total gains (losses)  
Amortization included in interest income 72
Purchases, sales and settlements  
Proceeds from repayments (72)
Equity/Other Securities [Member]
  
Balance, Beginning 59,757
Total gains (losses)  
Included in net income 717 [1],[2]
Included in other comprehensive income (loss) 4,874 [1]
Amortization included in interest income 1,866
Purchases, sales and settlements  
Proceeds from sales (50,390)
Proceeds from repayments (2,794)
Balance, Ending 14,030
Linked Transactions [Member]
  
Balance, Beginning 43,662
Total gains (losses)  
Included in net income 12,498 [1],[2]
Purchases, sales and settlements  
Proceeds from repayments $ (56,160)
[1] None of the gains (losses) recorded in earnings during the period is attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting date.
[2] These gains (losses) are recorded in the following line items in the consolidated statements of income (See Schedule of gains losses on fair value of real estate securities).