XML 34 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2

Fair value (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of fair value of financial assets and liabilities

						Level 1				Level 2				Level 3
June 30, 2016		Carrying Value				Quoted prices in active markets				Observable inputs other than Level 1 prices				Unobservable inputs
Not recognized on consolidated balance sheet at fair value (assets)
Mortgage loans		$	630,534				-				-			$	689,075
Not recognized on consolidated balance sheet at fair value (liabilities)
Secured borrowings, net		$	346,070				-				-			$	341,245
Borrowings under repurchase agreement		$	102,240				-			$	102,240				-

						Level 1				Level 2				Level 3
December 31, 2015		Carrying Value				Quoted prices in active markets				Observable inputs other than Level 1 prices				Unobservable inputs
Not recognized on consolidated balance sheet at fair value (assets)
Mortgage loans		$	554,877				-				-			$	627,112
Not recognized on consolidated balance sheet at fair value (liabilities)
Secured borrowings, net		$	265,006				-				-			$	259,649
Borrowings under repurchase agreement		$	104,533				-			$	104,533				-

Schedule of quantitative information about significant unobservable inputs

		Range of Values
Input		June 30, 2016		December 31, 2015
Equity discount rate – Re-performing loans		7% - 14%		7% - 14%
Equity discount rate – Non-performing loans		10% - 18%		10% - 18%
Cost of debt		4.25%		4.25%
Loan resolution timelines – Re-performing loans (in years)		4 - 7		4 - 7
Loan resolution timelines – Non-performing loans (in years)		1.4 - 4		1.4 - 4

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration