XML 112 R74.htm IDEA: XBRL DOCUMENT v3.3.0.814
FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Quantitative Information (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Carrying Value $ 2,415,382 $ 2,815,565
CMBS | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Carrying Value $ 1,985,195 $ 2,305,409
CMBS | Minimum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield (23.70%) (13.06%)
CMBS | Weighted Average | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 1.51% 2.36%
Duration 4 years 2 months 23 days 4 years 8 months 4 days
CMBS | Maximum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 5.27% 5.49%
Duration 8 years 1 month 9 days 8 years 3 months 3 days
CMBS interest-only | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Carrying Value $ 356,928 $ 378,335
CMBS interest-only | Minimum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 2.06% (27.49%)
Duration 1 month 13 days 5 months 26 days
Prepayment speed 100.00% 100.00%
CMBS interest-only | Weighted Average | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 3.65% (4.93%)
Duration 3 years 5 months 1 day 3 years 6 months
Prepayment speed 100.00% 100.00%
CMBS interest-only | Maximum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 14.84% 23.32%
Duration 4 years 4 months 9 days 4 years 8 months 23 days
Prepayment speed 100.00% 100.00%
GNMA interest-only | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Carrying Value $ 28,603 $ 66,642
GNMA interest-only | Minimum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield (3.64%) (0.85%)
Duration 5 months 19 days  
Prepayment speed 5.00% 5.00%
GNMA interest-only | Weighted Average | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 4.82% 5.90%
Duration 5 years 5 months 23 days 4 years 6 months
Prepayment speed 14.43% 14.99%
GNMA interest-only | Maximum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 82.81% 54.24%
Duration 34 years 6 months 7 days 6 years 3 months 10 days
Prepayment speed 35.00% 35.00%
GN construction securities | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Carrying Value $ 27,849 $ 28,406
GN construction securities | Minimum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 0.32% 0.33%
Duration 1 year 10 months 27 days 1 year 11 months 12 days
GN construction securities | Weighted Average | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 3.62% 3.54%
Duration 9 years 5 months 15 days 9 years 5 months 1 day
GN construction securities | Maximum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 3.67% 3.70%
Duration 9 years 6 months 25 days 10 years 7 days
GN permanent securities | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Carrying Value $ 16,807 $ 36,773
GN permanent securities | Minimum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 2.53% 0.00%
Duration 1 year 10 months 6 days 14 days
GN permanent securities | Weighted Average | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 3.76% 1.28%
Duration 6 years 1 month 2 days 1 year 3 months 25 days
GN permanent securities | Maximum | Discounted Cash Flow | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Yield 6.35% 6.43%
Duration 9 years 3 months 10 days 9 years 3 months 7 days