Quarterly report pursuant to Section 13 or 15(d)

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

v2.4.0.8
FAIR VALUE - Changes in Level 3 Investments (Details 3) (Measured on a Recurring Basis, USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Level 3A Inputs
  
Balance, Beginning $ 725,872
Transfers  
Transfers In 11,107 [1]
Transfers Out (11,548) [1]
Spin-off of New Residential (560,783)
Total gains (losses)  
Included in net income (656) [2],[3]
Included in other comprehensive income (loss) 36,570 [2]
Amortization included in interest income 16,533
Purchases, sales and settlements  
Purchases 310,322
Proceeds from sales (75,671)
Proceeds from repayments (40,903)
Balance, Ending 410,853
Level 3B Inputs
  
Balance, Beginning 78,994
Transfers  
Transfers In 11,548 [1]
Transfers Out (11,107) [1]
Total gains (losses)  
Included in net income 2,970 [2]
Included in other comprehensive income (loss) 2,665 [2]
Amortization included in interest income 5,633
Purchases, sales and settlements  
Purchases   
Proceeds from sales (42,188)
Proceeds from repayments (5,967)
Balance, Ending 42,548
CMBS Conduit | Level 3A Inputs
  
Balance, Beginning 225,575
Transfers  
Transfers In    [1]
Transfers Out (3,291) [1]
Spin-off of New Residential   
Total gains (losses)  
Included in net income 279 [2],[3]
Included in other comprehensive income (loss) 8,585 [2]
Amortization included in interest income 4,091
Purchases, sales and settlements  
Purchases   
Proceeds from sales (51,708)
Proceeds from repayments (4,326)
Balance, Ending 179,205
CMBS Conduit | Level 3B Inputs
  
Balance, Beginning 29,194
Transfers  
Transfers In 3,291 [1]
Transfers Out    [1]
Total gains (losses)  
Included in net income 69 [2],[3]
Included in other comprehensive income (loss) 3,521 [2]
Amortization included in interest income 1,474
Purchases, sales and settlements  
Purchases   
Proceeds from sales (21,868)
Proceeds from repayments (1,423)
Balance, Ending 14,258
CMBS Other | Level 3A Inputs
  
Balance, Beginning 104,451
Transfers  
Transfers In    [1]
Transfers Out (8,257) [1]
Spin-off of New Residential   
Total gains (losses)  
Included in net income (165) [2],[3]
Included in other comprehensive income (loss) 1,522 [2]
Amortization included in interest income 304
Purchases, sales and settlements  
Purchases   
Proceeds from sales (16,902)
Proceeds from repayments (4,751)
Balance, Ending 76,202
CMBS Other | Level 3B Inputs
  
Balance, Beginning 17,171
Transfers  
Transfers In 8,257 [1]
Transfers Out    [1]
Total gains (losses)  
Included in net income (159) [2],[3]
Included in other comprehensive income (loss) 1,135 [2]
Amortization included in interest income 240
Purchases, sales and settlements  
Purchases   
Proceeds from sales (14,841)
Proceeds from repayments   
Balance, Ending 11,803
Non-Agency RMBS | Level 3A Inputs
  
Balance, Beginning 330,021
Transfers  
Transfers In 11,107 [1]
Transfers Out    [1]
Spin-off of New Residential (560,783)
Total gains (losses)  
Included in net income (683) [2],[3]
Included in other comprehensive income (loss) 26,938 [2]
Amortization included in interest income 9,801
Purchases, sales and settlements  
Purchases 267,160
Proceeds from sales (6,127)
Proceeds from repayments (29,160)
Balance, Ending 48,274
Non-Agency RMBS | Level 3B Inputs
  
Balance, Beginning 25,954
Transfers  
Transfers In    [1]
Transfers Out (11,107) [1]
Total gains (losses)  
Included in net income 3,055 [2],[3]
Included in other comprehensive income (loss) (2,198) [2]
Amortization included in interest income 3,322
Purchases, sales and settlements  
Purchases   
Proceeds from sales (5,054)
Proceeds from repayments (3,124)
Balance, Ending 10,848
ABS Franchise | Level 3A Inputs
  
Balance, Beginning 798
Transfers  
Transfers In    [1]
Transfers Out    [1]
Spin-off of New Residential   
Total gains (losses)  
Included in net income (87) [2],[3]
Included in other comprehensive income (loss) 296 [2]
Amortization included in interest income   
Purchases, sales and settlements  
Purchases   
Proceeds from sales (934)
Proceeds from repayments (73)
Balance, Ending   
ABS Franchise | Level 3B Inputs
  
Balance, Beginning 677
Transfers  
Transfers In    [1]
Transfers Out    [1]
Total gains (losses)  
Included in net income 5 [2],[3]
Included in other comprehensive income (loss) (24) [2]
Amortization included in interest income 283
Purchases, sales and settlements  
Purchases   
Proceeds from sales (425)
Proceeds from repayments (317)
Balance, Ending 199
Equity/Other Securities | Level 3A Inputs
  
Balance, Beginning 65,027
Transfers  
Transfers In    [1]
Transfers Out    [1]
Spin-off of New Residential   
Total gains (losses)  
Included in net income    [2],[3]
Included in other comprehensive income (loss) (771) [2]
Amortization included in interest income 2,337
Purchases, sales and settlements  
Purchases   
Proceeds from sales   
Proceeds from repayments (2,593)
Balance, Ending 64,000
Equity/Other Securities | Level 3B Inputs
  
Balance, Beginning 5,998
Transfers  
Transfers In    [1]
Transfers Out    [1]
Total gains (losses)  
Included in net income    [2],[3]
Included in other comprehensive income (loss) 231 [2]
Amortization included in interest income 314
Purchases, sales and settlements  
Purchases   
Proceeds from sales   
Proceeds from repayments (1,103)
Balance, Ending 5,440
Linked Transactions | Level 3A Inputs
  
Balance, Beginning   
Transfers  
Transfers In    [1]
Transfers Out    [1]
Spin-off of New Residential   
Total gains (losses)  
Included in net income    [2],[3]
Included in other comprehensive income (loss)    [2]
Amortization included in interest income   
Purchases, sales and settlements  
Purchases 43,172
Proceeds from sales   
Proceeds from repayments   
Balance, Ending 43,172
Linked Transactions | Level 3B Inputs
  
Balance, Beginning   
Transfers  
Transfers In    [1]
Transfers Out    [1]
Total gains (losses)  
Included in net income    [2],[3]
Included in other comprehensive income (loss)    [2]
Amortization included in interest income   
Purchases, sales and settlements  
Purchases   
Proceeds from sales   
Proceeds from repayments   
Balance, Ending   
[1] (A) Transfers are assumed to occur at the beginning of the quarter.
[2] (B) 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.
[3] (C) See Schedule of Gains Losses on Fair Value of RE Securities