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REAL ESTATE SECURITIES (Details) (USD $)
 3 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Mar. 31, 2014
CMBS
securities
Dec. 31, 2013
CMBS
securities
Mar. 31, 2014
CMBS interest-only
securities
Dec. 31, 2013
CMBS interest-only
securities
Mar. 31, 2014
GNMA interest-only
securities
Dec. 31, 2013
GNMA interest-only
securities
Mar. 31, 2014
FHLMC interest-only
securities
Dec. 31, 2013
FHLMC interest-only
securities
Mar. 31, 2014
GN construction securities
securities
Dec. 31, 2013
GN construction securities
securities
Mar. 31, 2014
GN permanent securities
securities
Dec. 31, 2013
GN permanent securities
securities
REAL ESTATE SECURITIES                              
Outstanding Face Amount $ 9,438,570,000   $ 9,052,718,000 $ 1,227,308,000 $ 1,160,741,000 $ 6,075,913,000 $ 5,702,862,000 $ 1,799,019,000 $ 1,848,270,000 $ 218,834,000 $ 219,677,000 $ 16,321,000 $ 12,858,000 $ 101,175,000 $ 108,310,000
Amortized Cost Basis 1,727,823,000   1,648,124,000 1,225,746,000 1,156,230,000 275,802,000 256,869,000 98,682,000 103,136,000 7,541,000 7,904,000 16,808,000 13,261,000 103,244,000 110,724,000
Gross Unrealized Gains 29,622,000   20,463,000 22,466,000 13,853,000 3,357,000 2,204,000 1,652,000 1,630,000 90,000 248,000 47,000 36,000 2,010,000 2,492,000
Gross Unrealized Losses (7,405,000)   (11,341,000) (735,000) (5,147,000) (327,000) (1,015,000) (5,720,000) (4,889,000) (68,000)   (550,000) (290,000) (5,000)  
Fair value of real estate securities 1,750,040,000   1,657,246,000 1,247,477,206 1,164,936,448 278,832,000 258,058,000 94,614,000 99,877,000 7,563,000 8,152,000 16,304,540 13,006,860 105,249,603 113,216,186
# of Securities       102 101 25 21 37 36 2 2 8 8 13 14
Weighted Average Coupon %       4.08% 4.24% 0.98% 1.00% 1.00% 1.12% 0.88% 0.95% 4.01% 4.11% 5.46% 5.53%
Weighted Average Yield %       3.68% 4.08% 4.25% 4.19% 5.03% 5.32% 5.32% 5.21% 3.46% 3.49% 4.40% 4.64%
Remaining Duration       4 years 9 months 14 days 4 years 10 months 17 days 3 years 4 months 6 days 3 years 4 months 17 days 3 years 1 month 6 days 2 years 1 month 13 days 2 years 11 days 3 years 14 days 6 years 8 months 1 day 6 years 6 months 25 days 3 years 7 months 20 days 3 years 3 months 7 days
Available-for-Sale, Fair Value                              
Within 1 year 201,366,000     192,253,000   5,632,000   297,000           3,184,000  
1-5 years 874,590,000     430,024,000   273,200,000   86,705,000   7,563,000   3,203,000   73,895,000  
5-10 years 674,084,000     625,200,000       7,612,000       13,102,000   28,170,000  
Available-for-Sale, Fair Value                              
Within 1 year     245,500,000   175,042,000   7,482,000   371,000           62,605,000
1-5 years     761,205,000   390,116,000   250,576,000   94,001,000   8,152,000   3,280,000   15,080,000
5-10 years     643,851,000   599,778,000       5,505,000       9,727,000   28,841,000
After 10 years     6,690,000                       6,690,000
Other than temporary impairments included in consolidated statements of income $ 0 $ 0