Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - NON-AGENCY RMBS LEVEL 3 (Details 5)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - NON-AGENCY RMBS LEVEL 3 (Details 5) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Transfers    
Amortization included in interest income $ 4,798   
Recurring Basis | Non-Agency RMBS | Level 3 Inputs
   
Balance, beginning 289,756  
Transfers    
Transfers from Level 3    [1]  
Transfers into Level 3    [1]  
Gains (losses) included in net income     
Gains (losses) included in comprehensive income 14,267 [2]  
Amortization included in interest income 4,724  
Purchases, sales and repayments    
Purchases 227,293  
Proceeds from repayments (17,472)  
Balance, ending $ 518,568  
[1] Transfers are assumed to occur at the beginning of the respective period.
[2] These gains (losses) were included in net unrealized gain (loss) on securities in the consolidated statements of comprehensive income.