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 $)
6 Months Ended 0 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
May 30, 2014
Non-Agency RMBS
May 27, 2014
Non-Agency RMBS
Investment
Mar. 30, 2014
Non-Agency RMBS
Mar. 06, 2014
Non-Agency RMBS
Jun. 30, 2014
Non-Agency RMBS
May 27, 2014
Non-Agency RMBS
Jun. 30, 2014
Agency RMBS
Schedule of Available-for-sale Securities [Line Items]                  
Face amount of securities purchased           $ 625,000,000 $ 1,400,000,000   $ 297,800,000
Purchase of Non-Agency RMBS (1,057,464,000) (124,176,000)       (553,000,000) (882,000,000)   (316,900,000)
Face amount of securities sold             1,900,000,000   306,000,000
Amortized cost basis of securities sold         558,800,000   1,200,000,000   322,900,000
Proceeds from sale of real estate securities             1,300,000,000   324,400,000
Gain (loss) on sale of debt investments     39,700,000       60,300,000   1,500,000
Percentage of mezzanine and subordinate tranche purchased           75.00%      
Mortgage loans pledged           900,000,000      
Proceeds from sale of Non-Agency RMBS 1,273,190,000 4,421,000 598,500,000            
Loan count       16          
Face amount of mortgage loans               17,400,000  
Investment Owned, at Cost               12,000,000  
Other than temporary impairment losses 900,000                
Real estate securities acquired during the period with credit quality deterioration, face amount 361,700,000                
Real estate securities acquired during the period with credit quality deterioration, expected cash flows 339,400,000                
Real estate securities acquired during the period with credit quality deterioration, fair value $ 258,000,000