XML 76 R27.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Non-Agency MBS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items] |
Available-for-sale Securities [Table Text Block] | The following table presents the components of the Company’s non-Agency MBS as of December 31, 2012 and December 31, 2011:
| December 31, 2012
| RMBS |  | CMBS |  | CMBS IO (1) |  | Total
Principal/par value | $ | 11,411 |  |  | $ | 463,747 |  |  | $ | — |  |  | $ | 475,158 |
Unamortized premium | — |  |  | 2,520 |  |  | 108,928 |  |  | 111,448 |
Unamortized discount | (781 | ) |  | (19,833 | ) |  | — |  |  | (20,614 | )
Amortized cost | 10,630 |  |  | 446,434 |  |  | 108,928 |  |  | 565,992 |
Available for sale (recognized in statement of comprehensive income): |  |  |  |  |  |  |
Gross unrealized gains | 606 |  |  | 39,944 |  |  | 5,054 |  |  | 45,604 |
Gross unrealized losses | (198 | ) |  | (36 | ) |  | (40 | ) |  | (274 | )
Fair value | $ | 11,038 |  |  | $ | 486,342 |  |  | $ | 113,942 |  |  | $ | 611,322 |
Weighted average coupon | 4.28 | % |  | 5.31 | % |  | 0.86 | % |  |
(1) | The notional balance for the non-Agency CMBS IO securities is $2,393,614 as of December 31, 2012.
| December 31, 2011
| RMBS |  | CMBS |  | CMBS IO (1) |  | Total
Principal/par value | $ | 17,119 |  |  | $ | 359,853 |  |  | $ | — |  |  | $ | 376,972 |
Unamortized premium | — |  |  | 3,646 |  |  | 51,239 |  |  | 54,885 |
Unamortized discount | (1,003 | ) |  | (17,511 | ) |  | — |  |  | (18,514 | )
Amortized cost | 16,116 |  |  | 345,988 |  |  | 51,239 |  |  | 413,343 |
Available for sale (recognized in statement of comprehensive income): |  |  |  |  |  |  |
Gross unrealized gains | 507 |  |  | 11,806 |  |  | 893 |  |  | 13,206 |
Gross unrealized losses | (1,353 | ) |  | (3,724 | ) |  | (376 | ) |  | (5,453 | )
Fair value | $ | 15,270 |  |  | $ | 354,070 |  |  | $ | 51,756 |  |  | $ | 421,096 |
Weighted average coupon | 4.41 | % |  | 5.91 | % |  | 1.24 | % |  |
(1) | The notional balance for the non-Agency CMBS IO securities is $906,202 as of December 31, 2011.
Mortgage-backed Securities, Issued by Private Enterprises [Member] |
Schedule of Available-for-sale Securities [Line Items] |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | The following table presents certain information for those non-Agency MBS that were in an unrealized loss position as of December 31, 2012 and December 31, 2011:
| December 31, 2012 |  | December 31, 2011
| Fair Value |  | Unrealized Loss |  | # of Securities |  | Fair Value |  | Unrealized Loss |  | # of Securities
Unrealized loss position for: |  |  |  |  |  |  |  |  |  |  |
Less than one year: | $ | 13,877 |  |  | $ | (76 | ) |  | 3 |  | $ | 153,974 |  |  | $ | (5,075 | ) |  | 6
One year or more: | 2,701 |  |  | (198 | ) |  | 8 |  | 2,993 |  |  | (379 | ) |  | 7
| $ | 16,578 |  |  | $ | (274 | ) |  | 11 |  | $ | 156,967 |  |  | $ | (5,454 | ) |  | 13

X
- Definition Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities. + References No definition available. + Details
Name: | us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 03-1 -Paragraph 21 -Subparagraph a, b -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. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS115-1/124-1 -Paragraph 17 -Subparagraph a, b -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. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 19, 20, 21 -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. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration