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 $)
9 Months Ended 0 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Aug. 25, 2014
Non-Agency RMBS
Investment
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
Sep. 30, 2014
Non-Agency RMBS
Aug. 25, 2014
Non-Agency RMBS
May 27, 2014
Non-Agency RMBS
Sep. 30, 2014
Agency RMBS
Schedule of Available-for-sale Securities [Line Items]                      
Face amount of securities purchased             $ 625,000,000 $ 1,500,000,000     $ 1,300,000,000
Federal Home Loan Bank, Advances, Floating Rate                     300,000,000
Securities, Fixed Fate Specified Pools                     1,000,000,000
Purchase of Non-Agency RMBS (1,148,631,000) (202,484,000)         (553,000,000) (977,900,000)     (1,400,000,000)
Face amount of securities sold               1,900,000,000 15,400,000   746,900,000
Amortized cost basis of securities sold     13,100,000     558,800,000   1,200,000,000     791,700,000
Proceeds from sale of real estate securities               1,300,000,000     796,400,000
Gain (loss) on sale of debt investments       39,700,000       60,300,000     4,700,000
Percentage of mezzanine and subordinate tranche purchased             75.00%        
Mortgage loans pledged             900,000,000        
Proceeds from sale of Non-Agency RMBS 1,273,191,000 123,130,000   598,500,000              
Loan count     19   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 384,500,000                    
Real estate securities acquired during the period with credit quality deterioration, expected cash flows 364,500,000                    
Real estate securities acquired during the period with credit quality deterioration, fair value $ 277,700,000