Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT IN RESIDENTIAL MORTGAGE LOANS - RESIDENTIAL MORTGAGE LOANS (Details)

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INVESTMENT IN RESIDENTIAL MORTGAGE LOANS - RESIDENTIAL MORTGAGE LOANS (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Integer
Dec. 31, 2012
Weighted average yield 3.26%  
Weighted average coupon 1.95% [1]  
Weighted average maturity (years) 5 years 11 months [1],[2]  
Reverse Mortgage Loans
   
Outstanding face amount $ 58,586 $ 83,000
Carrying value $ 35,484  
Loan count 331  
Weighted average yield 11.81%  
Weighted average coupon 5.15% [3]  
Weighted average maturity (years) 3 years 11 months [4]  
Floating rate loans as a percent of face amount 21.00%  
[1] The total outstanding face amount of fixed rate securities was $1.1 million, and of floating rate securities was $1.5 billion.
[2] The weighted average maturity is based on the timing of expected principal reduction on the assets.
[3] Represents the stated interest rate on the loans.
[4] The weighted average maturity is based on the expected timing of the receipt of cash flows.