Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Details)

v2.4.0.8
SEGMENT REPORTING (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Interest income $ 22,999 $ 4,479 $ 39,190 $ 6,516    
Interest expense 2,651    3,550       
Net interest income 20,348 4,479 35,640 6,516    
Impairment 3,756    3,756       
Other income 98,182 3,523 101,009 4,739    
Other operating expenses 5,552 1,528 10,596 2,093    
Net income (loss) 109,222 6,474 122,297 9,162    
Investments 2,528,264   2,528,264      
Cash and cash equivalents 209,699    209,699         
Other assets 4,479   4,479   84  
Total assets 2,742,442   2,742,442   534,876  
Debt (1,474,338)   (1,474,338)   (150,922)  
Other liabilities (22,379)   (22,379)      
Total liabilities (1,496,717)   (1,496,717)   (156,520)  
GAAP book value 1,245,725   1,245,725      
Investments in equity method investees at fair value 463,969   463,969      
Excess MSRs
           
Interest income 10,745 4,479 20,780 6,516    
Interest expense                
Net interest income 10,745 4,479 20,780 6,516    
Impairment              
Other income 61,960 3,523 64,787 4,739    
Other operating expenses 34 761 96 1,147    
Net income (loss) 72,671 7,241 85,471 10,108    
Investments 454,573   454,573      
Cash and cash equivalents              
Other assets              
Total assets 454,573   454,573      
Debt              
Other liabilities (67)   (67)      
Total liabilities (67)   (67)      
GAAP book value 454,506   454,506      
Investments in equity method investees at fair value 183,153   183,153      
Real Estate Securities and Loans
           
Interest income 12,216    18,372       
Interest expense 2,651    3,550       
Net interest income 9,565    14,822       
Impairment 3,756   3,756      
Other income 58    58       
Other operating expenses 152    152       
Net income (loss) 5,715    10,972       
Investments 1,792,875   1,792,875      
Cash and cash equivalents              
Other assets 4,379   4,379      
Total assets 1,797,254   1,797,254      
Debt (1,474,338)   (1,474,338)      
Other liabilities (1,734)   (1,734)      
Total liabilities (1,476,072)   (1,476,072)      
GAAP book value 321,182   321,182      
Investments in equity method investees at fair value              
Consumer Loans
           
Interest income                
Interest expense               
Net interest income                
Impairment              
Other income 36,164    36,164       
Other operating expenses       1,951       
Net income (loss) 36,164    34,213       
Investments 280,816   280,816      
Cash and cash equivalents              
Other assets              
Total assets 280,816   280,816      
Debt              
Other liabilities              
Total liabilities              
GAAP book value 280,816   280,816      
Investments in equity method investees at fair value 208,816   208,816      
Corporate
           
Interest income 38    38       
Interest expense                
Net interest income 38    38       
Impairment              
Other income                
Other operating expenses 5,366 767 8,397 946    
Net income (loss) (5,328) (767) (8,359) (946)    
Investments              
Cash and cash equivalents 209,699   209,699      
Other assets 100   100      
Total assets 209,799   209,799      
Debt              
Other liabilities (20,578)   (20,578)      
Total liabilities (20,578)   (20,578)      
GAAP book value 189,221   189,221      
Investments in equity method investees at fair value