Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES - Schedule of Derivatives - Notional Amount (Details)

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DERIVATIVES - Schedule of Derivatives - Notional Amount (Details) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Short [Member]    
Derivative [Line Items]    
Derivative asset, notional amount $ 954,000,000.0  
Long [Member]    
Derivative [Line Items]    
Derivative asset, notional amount 200,000,000  
Non-Performing Loans [Member]    
Derivative [Line Items]    
Derivative asset, notional amount [1] 0 $ 2,931,000
Real Estate Securities [Member]    
Derivative [Line Items]    
Derivative asset, notional amount [2] 0 186,694,000
TBAs [Member] | Short [Member]    
Derivative [Line Items]    
Derivative asset, notional amount [3] 954,000,000 1,234,000,000
TBAs [Member] | Long [Member]    
Derivative [Line Items]    
Derivative asset, notional amount [3] 200,000,000 0
Interest Rate Cap [Member]    
Derivative [Line Items]    
Derivative asset, notional amount [4] 2,560,000,000 210,000,000
Interest Rate Swap [Member]    
Derivative [Line Items]    
Derivative asset, notional amount [5] $ 2,144,000,000 $ 1,107,000,000
[1] For December 31, 2014, represents the UPB of the underlying loans of the non-performing loan pools within linked transactions.
[2] For December 31, 2014, represents the face amount of the real estate securities within linked transactions.
[3] Represents the notional amount of Agency RMBS, classified as derivatives.
[4] Caps LIBOR at 3.0%.
[5] Receive LIBOR and pay a fixed rate.