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
6 Months Ended
Jun. 30, 2013
Integer
Dec. 31, 2012
Weighted average yield 26.50% [1]  
Weighted average coupon 2.12% [1]  
Weighted average life (years) 3 years 4 months 24 days  
Reverse Mortgage Loans
   
Outstanding face amount $ 56,730 $ 83,000
Carrying value $ 33,636  
Loan count 328  
Weighted average yield 10.60%  
Weighted average coupon 5.10% [2]  
Weighted average life (years) 4 years 1 month 6 days [3]  
Floating rate loans as a percent of face amount 20.70%  
[1] (G) The total outstanding face amount was $ 18.4 million for fixed rate securities and $ 1.97 billion for floating rate securities.
[2] (A) Represents the stated interest rate on the loans.Accrued interest on reverse mortgage loans is generally added to the principal balance and paid when the loan is resolved.
[3] (A) The weighted average life is based on the expected timing of the receipt of cash flows.