Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE SECURITIES (Details Narrative)

v3.3.0.814
REAL ESTATE SECURITIES (Details Narrative)
 1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2015
USD ($)
contract
Secutiy
Jul. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
May. 31, 2015
USD ($)
Mar. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
contract
Secutiy
Sep. 30, 2014
USD ($)
Sep. 30, 2015
USD ($)
contract
Secutiy
Sep. 30, 2014
USD ($)
Schedule of Available-for-sale Securities [Line Items]                  
Other-than-temporary impairment on securities           $ 450,000 $ 0 $ 9,860,000 $ 0
Total outstanding face amount of fixed rate securities $ 423,200,000         423,200,000   423,200,000  
Total outstanding face amount of floating rate securities 41,600,000         41,600,000   41,600,000  
Face amount of securities sold       $ 3,900,000          
Average price percentage - sold       24.11%          
Proceeds from sale of securities       $ 900,000       1,061,499,000 798,122,000
Available-for-sale Securities, Gross Realized Gain (Loss)       800,000          
Purchase of real estate securities               1,039,220,000 0
Principal repayments from investments               124,015,000 232,630,000
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income           23,000 $ 0 (39,000) $ 0
Real Estate Securities [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Other-than-temporary impairment on securities               2,400,000  
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income               100,000  
Non-consolidated CDO Securities [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Outstanding Face Amount 0         0   0  
FNMA/FHLMC Securities [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Outstanding Face Amount $ 354,806,000         $ 354,806,000   $ 354,806,000  
Number of Securities | contract 2         2   2  
Face amount of securities sold         $ 380,400,000        
Average price percentage - sold         104.72%        
Proceeds from sale of securities         $ 398,400,000        
Repayments of repurchase agreements         385,600,000        
Available-for-sale Securities, Gross Realized Gain (Loss)         5,900,000        
Investment Owned, Face Amount         389,100,000        
Purchase of real estate securities         407,600,000        
Proceeds from Securities Purchased under Agreements to Resell         $ 386,100,000        
Average price percentage - purchases         104.77%        
CMBS [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Outstanding Face Amount $ 70,284,000         $ 70,284,000   $ 70,284,000  
Number of Securities | contract 16         16   16  
Face amount of securities sold       $ 98,600,000          
Average price percentage - sold       104.03%          
Proceeds from sale of securities       $ 102,600,000          
Available-for-sale Securities, Gross Realized Gain (Loss)       14,000,000          
Principal repayments from investments       25,000,000          
Non-Agency RMBS [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Outstanding Face Amount $ 16,688,000         $ 16,688,000   $ 16,688,000  
Number of Securities | contract 9         9   9  
Face amount of securities sold       $ 42,800,000          
Average price percentage - sold       85.54%          
Proceeds from sale of securities       $ 36,700,000          
Available-for-sale Securities, Gross Realized Gain (Loss)       $ 14,100,000          
Agency RMBS [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Face amount of securities sold     $ 380,400,000            
Average price percentage - sold     103.13%            
Proceeds from sale of securities     $ 392,300,000            
Repayments of repurchase agreements     375,700,000            
Available-for-sale Securities, Gross Realized Gain (Loss)     (5,900,000)            
Investment Owned, Face Amount   $ 403,900,000 201,900,000            
Purchase of real estate securities   415,600,000 207,700,000            
Proceeds from Securities Purchased under Agreements to Resell   $ 393,800,000 $ 196,700,000            
Average price percentage - purchases   102.88% 102.87%            
Agency RMBS 2 [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Proceeds from sale of securities $ 260,000,000                
Repayments of repurchase agreements 250,100,000                
Available-for-sale Securities, Gross Realized Gain (Loss) 2,500,000                
Investment Owned, Face Amount $ 250,400,000         $ 250,400,000   $ 250,400,000  
Average price percentage - purchases 103.83%                
Agency RMBS 3 [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Repayments of repurchase agreements $ 345,900,000                
Available-for-sale Securities, Gross Realized Gain (Loss) 5,100,000                
Investment Owned, Face Amount 348,900,000         348,900,000   348,900,000  
Purchase of real estate securities $ 364,000,000                
Average price percentage - purchases 104.32%                
Agency RMBS 4 [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Proceeds from sale of securities $ 370,500,000                
Investment Owned, Face Amount 354,800,000         354,800,000   354,800,000  
Proceeds from Securities Purchased under Agreements to Resell $ 352,600,000                
Average price percentage - purchases 104.42%                
Other [Member] | Unlevered Real Estate Securities [Member]                  
Schedule of Available-for-sale Securities [Line Items]                  
Outstanding Face Amount [1] $ 37,347,000         37,347,000   37,347,000  
Excluded from face amount of unlevered real estate securities $ 115,500,000         $ 115,500,000   $ 115,500,000  
Number of Securities | Secutiy 8         8   8  
[1] Excludes eight securities with zero value, which had an aggregate face amount of $115.5 million.