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Real Estate Securities - Components of Carrying Value (Which Equals Fair Value) of Residential Available for Sale Securities (Detail) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value $ 698,356 $ 829,245
Senior Securities    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 140,616 279,251
Senior Securities | Prime    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 111,523 210,993
Senior Securities | Non-prime    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 29,093 68,258
Re-REMIC    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 162,970 165,064
Subordinate Securities    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 394,770 384,930
Subordinate Securities | Non-prime    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 1,000 1,000
Residential    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 845,732 973,227
Credit reserve (48,547) (48,869)
Unamortized discount, net (219,630) (237,107)
Amortized cost 577,555 687,251
Gross unrealized gains 127,014 147,001
Gross unrealized losses (6,213) (5,007)
Carrying Value 698,356 829,245
Residential | Senior Securities | Prime    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 120,577 217,605
Credit reserve (1,108) (1,305)
Unamortized discount, net (13,491) (22,079)
Amortized cost 105,978 194,221
Gross unrealized gains 9,326 20,263
Gross unrealized losses (3,781) (3,491)
Carrying Value 111,523 210,993
Residential | Senior Securities | Non-prime    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 31,781 75,591
Credit reserve (687) (5,101)
Unamortized discount, net (3,262) (8,395)
Amortized cost 27,832 62,095
Gross unrealized gains 1,482 6,249
Gross unrealized losses (221) (86)
Carrying Value 29,093 68,258
Residential | Re-REMIC    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 189,146 189,782
Credit reserve (11,258) (10,332)
Unamortized discount, net (66,586) (71,670)
Amortized cost 111,302 107,780
Gross unrealized gains 51,668 57,284
Gross unrealized losses 0 0
Carrying Value 162,970 165,064
Residential | Subordinate Securities    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 504,228 490,249
Credit reserve (35,494) (32,131)
Unamortized discount, net (136,291) (134,963)
Amortized cost 332,443 323,155
Gross unrealized gains 64,538 63,205
Gross unrealized losses (2,211) (1,430)
Carrying Value $ 394,770 $ 384,930