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Non Recourse Collateralized Financings | 6 Months Ended
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Jun. 30, 2012
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | NON-RECOURSE COLLATERIZED FINANCING The following table summarizes information about the Company’s non-recourse collateralized financing for the periods indicated:
| June 30, 2012
| Interest Rate |  | Weighted Average Life Remaining (in years) |  | Balance Outstanding |  | Value of Collateral
Securitization financing: |  |  |  |  |  |  |
Secured by non-Agency CMBS | 6.2% fixed |  | 2.1 |  | $ | 15,000 |  |  | $ | 16,088 |
Secured by single-family mortgage loans | 1-month LIBOR plus 0.30% |  | 3.2 |  | 17,145 |  |  | 17,857 |
Unamortized net bond premium and deferred costs |  |  |  |  | (584 | ) |  | n/a |
|  |  |  |  | $ | 31,561 |  |  | $ | 33,945 |
| December 31, 2011
| Interest Rate |  | Weighted Average Life Remaining (in years) |  | Balance Outstanding |  | Value of Collateral
Securitization financing: |  |  |  |  |  |  |
Secured by non-Agency CMBS | 6.2% fixed |  | 2.1 |  | $ | 15,000 |  |  | $ | 16,388 |
Secured by single-family mortgage loans | 1-month LIBOR plus 0.30% |  | 3.2 |  | 18,928 |  |  | 19,843 |
TALF financing:(1) |  |  |  |  |  |  |  |  |
Secured by non-Agency CMBS | 2.7% fixed |  | 1.2 |  | 37,672 |  |  | 49,087 |
Unamortized net bond premium and deferred costs |  |  |  |  | (705 | ) |  | n/a |
|  |  |  |  | $ | 70,895 |  |  | $ | 85,318 |
(1) | Financing provided by the Federal Reserve Bank of New York under its Term Asset-Backed Securities Loan Facility (“TALF”). The balance as of December 31, 2011 was paid off during the first quarter of 2012.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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