Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Subprime Mortgage Loans (Details 5)

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REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Subprime Mortgage Loans (Details 5) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Total securitized loans (unpaid principal balance) [1] $ 719,598  
Subprime mortgage loans subject to call option 404,149 $ 406,217
Retained interests (fair value) [2] 2,977  
Subprime Portfolio I [Member]    
Total securitized loans (unpaid principal balance) [1] 297,108  
Subprime mortgage loans subject to call option 297,108  
Retained interests (fair value) [2] 2,977  
Subprime Portfolio II [Member]    
Total securitized loans (unpaid principal balance) [1] 422,490  
Subprime mortgage loans subject to call option $ 107,041  
[1] Average loan seasoning of 119 months and 101 months for Subprime Portfolios I and II, respectively, at June 30, 2015.
[2] The retained interests include retained bonds of the securitizations with negligible monthly interest cash flows until principal payment is available. The fair value of which is estimated based on pricing service quotation. The weighted average yield of the retained bonds was 21.25% as of June 30, 2015.