Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

v3.4.0.3
DERIVATIVES (Tables)
 3 Months Ended
Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of gains (losses) recorded in relation to derivatives
The following table summarizes gains (losses) recorded in relation to derivatives:
 
 
 
Three Months Ended March 31,
 
Income Statement Location
 
2016
 
2015
Cash flow hedges
 
 
 
 
 
Deferred hedge gain reclassified from Accumulated Other Comprehensive Income (“AOCI”) into earnings
Interest expense
 
$
20

 
$
19

Amount of loss reclassified from AOCI into income (effective portion)
Interest expense
 
—

 
(708
)
Amount of unrealized gain (loss) recognized in Other Comprehensive Income on derivatives (effective portion)
N/A
 
—

 
(33
)
 
 
 
 
 
 
Non-hedge derivatives
 
 
 
 
 
Unrealized gain recognized related to interest rate swaps
Other income (loss), net
 
$
—

 
$
292

Unrealized loss recognized related to TBAs
Other income (loss), net
 
(341
)
 
(1,321
)
Realized loss on settlement of TBAs
Gain (loss) on settlement of investments, net
 
(7,536
)
 
(4,871
)