Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position (Details 1)

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REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position (Details 1)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
USD ($)
Securities
Dec. 31, 2014
USD ($)
Carrying Value $ 65,499 $ 231,754
Securities in an Unrealized Loss Position Less than Twelve Months [Member]    
Outstanding Face Amount 5,072  
Before Impairment - Amortized Cost Basis 5,735  
Other Than Temporary Impairment - Amortized Cost Basis (3,068)  
Amortized Cost Basis After Impairment 2,667  
Gross unrealized losses - less than twelve months (85)  
Carrying value - less than twelve months $ 2,582  
Number of securities, less than twelve months | Securities 4  
Weighted Average Rating CC  
Weighted Average Coupon 4.16%  
Weighted Average Yield 5.77%  
Weighted Average Maturity (Years) 6 years 3 months 19 days  
Securities in an Unrealized Loss Position [Member]    
Outstanding Face Amount $ 5,072  
Before Impairment - Amortized Cost Basis 5,735  
Other Than Temporary Impairment - Amortized Cost Basis (3,068) $ (4,174)
Amortized Cost Basis After Impairment 2,667  
Gross unrealized losses - less than twelve months (85)  
Carrying value - less than twelve months $ 2,582  
Number of securities, less than twelve months | Securities 4  
Weighted Average Rating CC  
Weighted Average Coupon 4.16%  
Weighted Average Yield 5.77%  
Weighted Average Maturity (Years) 6 years 3 months 19 days