Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE SECURITIES (Details Narrative)

v3.2.0.727
REAL ESTATE SECURITIES (Details Narrative)
$ in Thousands
 1 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
Securities
May. 31, 2015
USD ($)
Mar. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
Securities
Jun. 30, 2014
USD ($)
Total outstanding face amount of fixed rate securities $ 283,300     $ 283,300  
Total outstanding face amount of floating rate securities 41,900     41,900  
Proceeds from sale of securities       406,269 $ 763,336
Purchase of real estate securities       (415,917)  
Principal repayments from investments       112,084 $ 189,723
Non-consolidated CDO Securities [Member]          
Outstanding Face Amount $ 115,000     $ 115,000  
Number of securities | Securities 8     8  
FNMA/FHLMC Securities [Member]          
Outstanding Face Amount $ 201,928     $ 201,928  
Number of securities | Securities 4     4  
Face amount of securities sold     $ 380,400    
Average price percentage - sold     104.72%    
Proceeds from sale of securities     $ 398,400    
Repayments of repurchase agreements     385,600    
Gain (loss) on sale of securities     5,900    
Face amount of securities purchased $ 389,100     $ 389,100  
Purchase of real estate securities     407,600    
Proceeds from repurchase financing     $ 386,100    
Average price percentage - purchases     104.77%    
CMBS [Member]          
Outstanding Face Amount $ 83,283     $ 83,283  
Number of securities | Securities 17     17  
Face amount of securities sold   $ 98,600      
Average price percentage - sold   104.03%      
Proceeds from sale of securities   $ 102,600      
Gain (loss) on sale of securities   14,000      
Principal repayments from investments   25,000      
Non-Agency RMBS [Member]          
Outstanding Face Amount $ 17,032     $ 17,032  
Number of securities | Securities 9     9  
Face amount of securities sold   $ 42,800      
Average price percentage - sold   85.54%      
Proceeds from sale of securities   $ 36,700      
Gain (loss) on sale of securities   14,100      
Unencumbered Non-Agency RMBS [Member]          
Face amount of securities sold   $ 3,900      
Average price percentage - sold   24.11%      
Proceeds from sale of securities   $ 900      
Gain (loss) on sale of securities   $ 800      
Agency RMBS [Member]          
Face amount of securities sold $ 380,400        
Average price percentage - sold 103.13%        
Proceeds from sale of securities $ 392,300        
Repayments of repurchase agreements 375,700        
Gain (loss) on sale of securities (5,900)        
Face amount of securities purchased 201,900     $ 201,900  
Purchase of real estate securities 207,700        
Proceeds from repurchase financing $ 196,700        
Average price percentage - purchases 102.87%