Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE SECURITIES (Details Narrative)

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INVESTMENTS IN REAL ESTATE SECURITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Non-Agency RMBS purchased, face amount $ 373,800
Agency RMBS contributed, face amount 754,500
Outstanding face amount 1,538,755 [1]
Real estate securities acquired during the period with credit quality deterioration, face amount 368,700
Real estate securities acquired during the period with credit quality deterioration, fair value 222,800
Real estate securities acquired during the period with credit quality deterioration, expected cash flows 280,400
Fixed Rate Securities
 
Outstanding face amount 1,100
Floating Rate Securities
 
Outstanding face amount $ 1,500,000
[1] The total outstanding face amount of fixed rate securities was $1.1 million, and of floating rate securities was $1.5 billion.