Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE - Assets and Liabilities Fair Value Recurring Basis (Details 1)

v3.2.0.727
FAIR VALUE - Assets and Liabilities Fair Value Recurring Basis (Details 1) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Assets:    
Real estate securities, pledged as collateral $ 208,041 $ 407,689
TBAs, not treated as hedges 8  
Derivative assets 8  
Derivative Liabilities:    
TBAs, not treated as hedges 2,037 4,328
Derivative liabilities 2,037 $ 4,328
Carrying Value [Member]    
Assets:    
Real estate securities, pledged as collateral 208,041  
TBAs, not treated as hedges [1] 8  
Derivative Liabilities:    
TBAs, not treated as hedges [1] 2,037  
Estimated Fair Value [Member]    
Assets:    
Real estate securities, pledged as collateral 208,041  
TBAs, not treated as hedges [1] 8  
Derivative Liabilities:    
TBAs, not treated as hedges [1] 2,037  
Measured on a Recurring Basis [Member]    
Assets:    
Real estate securities, available-for-sale 10,187  
Measured on a Recurring Basis [Member] | Level 2 - Observable [Member]    
Assets:    
Real estate securities, pledged as collateral 208,041  
TBAs, not treated as hedges 8  
Derivative assets 8  
Derivative Liabilities:    
TBAs, not treated as hedges 2,037  
Derivative liabilities 2,037  
Measured on a Recurring Basis [Member] | Level 3 Inputs - Unobservable [Member]    
Assets:    
Real estate securities, available-for-sale 55,312  
Measured on a Recurring Basis [Member] | Level 3 Internal Pricing [Member]    
Assets:    
Real estate securities, available-for-sale [2] 10,187  
Measured on a Recurring Basis [Member] | Carrying Value [Member]    
Assets:    
Real estate securities, available-for-sale 65,499  
Real estate securities, pledged as collateral 208,041  
TBAs, not treated as hedges 8  
Derivative assets 8  
Derivative Liabilities:    
TBAs, not treated as hedges 2,037  
Derivative liabilities 2,037  
Measured on a Recurring Basis [Member] | Estimated Fair Value [Member]    
Assets:    
Real estate securities, available-for-sale 65,499  
Real estate securities, pledged as collateral 208,041  
TBAs, not treated as hedges 8  
Derivative assets 8  
Derivative Liabilities:    
TBAs, not treated as hedges 2,037  
Derivative liabilities 2,037  
Measured on a Recurring Basis [Member] | CMBS [Member] | Level 3 Inputs - Unobservable [Member]    
Assets:    
Real estate securities, available-for-sale 45,408  
Measured on a Recurring Basis [Member] | CMBS [Member] | Carrying Value [Member]    
Assets:    
Real estate securities, available-for-sale 45,408  
Measured on a Recurring Basis [Member] | CMBS [Member] | Estimated Fair Value [Member]    
Assets:    
Real estate securities, available-for-sale 45,408  
Measured on a Recurring Basis [Member] | Non-Agency RMBS [Member] | Level 3 Inputs - Unobservable [Member]    
Assets:    
Real estate securities, available-for-sale 9,817  
Measured on a Recurring Basis [Member] | Non-Agency RMBS [Member] | Carrying Value [Member]    
Assets:    
Real estate securities, available-for-sale 9,817  
Measured on a Recurring Basis [Member] | Non-Agency RMBS [Member] | Estimated Fair Value [Member]    
Assets:    
Real estate securities, available-for-sale 9,817  
Measured on a Recurring Basis [Member] | CDO Securities [Member]    
Assets:    
Real estate securities, available-for-sale 10,187  
Measured on a Recurring Basis [Member] | CDO Securities [Member] | Level 3 Internal Pricing [Member]    
Assets:    
Real estate securities, available-for-sale 10,187  
Measured on a Recurring Basis [Member] | CDO Securities [Member] | Carrying Value [Member]    
Assets:    
Real estate securities, available-for-sale [2] 10,187  
Measured on a Recurring Basis [Member] | CDO Securities [Member] | Estimated Fair Value [Member]    
Assets:    
Real estate securities, available-for-sale [2] 10,187  
Measured on a Recurring Basis [Member] | Equity/Other Securities [Member] | Level 3 Inputs - Unobservable [Member]    
Assets:    
Real estate securities, available-for-sale 87  
Measured on a Recurring Basis [Member] | Equity/Other Securities [Member] | Carrying Value [Member]    
Assets:    
Real estate securities, available-for-sale 87  
Measured on a Recurring Basis [Member] | Equity/Other Securities [Member] | Estimated Fair Value [Member]    
Assets:    
Real estate securities, available-for-sale 87  
Measured on a Recurring Basis [Member] | FNMA/FHLMC Securities [Member] | Level 2 - Observable [Member]    
Assets:    
Real estate securities, pledged as collateral 208,041  
Measured on a Recurring Basis [Member] | FNMA/FHLMC Securities [Member] | Carrying Value [Member]    
Assets:    
Real estate securities, pledged as collateral 208,041  
Measured on a Recurring Basis [Member] | FNMA/FHLMC Securities [Member] | Estimated Fair Value [Member]    
Assets:    
Real estate securities, pledged as collateral $ 208,041  
[1] Represents derivative liabilities including TBA forward contracts (Note 12).
[2] Represents non-consolidated CDO securities, excluding eight securities with a zero value, which had an aggregate face amount of $115.0 million.