Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE SECURITIES (Details Narrative)

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REAL ESTATE SECURITIES (Details Narrative)
 1 Months Ended 3 Months Ended
Mar. 31, 2016
USD ($)
Secutiy
contract
Securities
Jan. 31, 2016
USD ($)
Mar. 31, 2016
USD ($)
Secutiy
contract
Securities
Mar. 31, 2015
USD ($)
Schedule of Available-for-sale Securities [Line Items]        
Total outstanding face amount of fixed rate securities $ 371,600,000   $ 371,600,000  
Total outstanding face amount of floating rate securities 29,000,000   29,000,000  
Other-than-temporary impairment on securities     110,000 $ 48,000
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     54,000 (296,000)
Proceeds from sale of securities     361,341,000 $ 398,395,000
Non-consolidated CDO Securities        
Schedule of Available-for-sale Securities [Line Items]        
Outstanding Face Amount $ 0   0  
Real Estate Securities        
Schedule of Available-for-sale Securities [Line Items]        
Other-than-temporary impairment on securities     100,000  
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  
Securities in an Unrealized Loss Position        
Schedule of Available-for-sale Securities [Line Items]        
Number of securities, less than twelve months Securities | Securities 0   0  
FNMA/FHLMC        
Schedule of Available-for-sale Securities [Line Items]        
Outstanding Face Amount $ 363,080,000   $ 363,080,000  
Number of Securities | contract 4   4  
Face amount of securities sold $ 347,500,000 $ 350,300,000    
Average price percentage - sold 104.90% 103.20%    
Proceeds from sale of securities $ 364,300,000 $ 361,300,000    
Repayments of repurchase agreements 352,000,000 348,600,000    
Gain on extinguishment of debt, net 5,900,000      
FNMA/FHLMC 2        
Schedule of Available-for-sale Securities [Line Items]        
Face amount of securities sold $ 363,100,000      
Average price percentage - sold 105.00%      
Proceeds from sale of securities $ 381,100,000 105,900,000    
Investment owned   102,700,000    
Gain on extinguishment of debt, net 366,400,000      
Proceeds from securities purchased under agreements to resell   $ 102,200,000    
Average price percentage - purchases   103.20%    
FNMA/FHLMC 3        
Schedule of Available-for-sale Securities [Line Items]        
Proceeds from sale of securities   $ 258,100,000    
Investment owned   250,100,000    
Proceeds from securities purchased under agreements to resell   $ 249,100,000    
Average price percentage - purchases   103.20%    
Other | Unlevered real estate securities        
Schedule of Available-for-sale Securities [Line Items]        
Outstanding Face Amount 37,471,000   $ 37,471,000  
Excluded from face amount of unlevered real estate securities $ 192,000,000   $ 192,000,000  
Number of Securities | Secutiy 13   13