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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Interest income $ 21,885 $ 12,295 $ 61,075 $ 18,811    
Interest expense 3,443 298 6,993 298    
Net interest income 18,442 11,997 54,082 18,513    
Impairment       3,756       
Other income 56,195 1,774 157,204 6,513    
Other operating expenses 11,492 2,003 22,088 4,096    
Net income (loss) 63,145 11,768 185,442 20,930    
Investments 2,752,358   2,752,358      
Cash and cash equivalents 172,203    172,203         
Other assets 7,283   7,283   84  
Total assets 2,931,844   2,931,844   534,876  
Debt 1,467,934   1,467,934   150,922  
Other liabilities 202,874   202,874      
Total liabilities 1,670,808   1,670,808   156,520  
GAAP book value 1,261,036   1,261,036      
Investments in equity method investees at fair value 550,530   550,530      
Excess MSRs
           
Interest income 9,761 9,903 30,541 16,419    
Interest expense                
Net interest income 9,761 9,903 30,541 16,419    
Impairment              
Other income 20,853 1,774 85,640 6,513    
Other operating expenses 82 994 178 2,141    
Net income (loss) 30,532 10,683 116,003 20,791    
Investments 665,600   665,600      
Cash and cash equivalents              
Other assets              
Total assets 665,600   665,600      
Debt              
Other liabilities 82   82      
Total liabilities 82   82      
GAAP book value 665,518   665,518      
Investments in equity method investees at fair value 358,032   358,032      
Real Estate Securities and Loans
           
Interest income 12,120 2,392 30,492 2,392    
Interest expense 3,443 298 6,993 298    
Net interest income 8,677 2,094 23,499 2,094    
Impairment      3,756      
Other income 11,213    11,271       
Other operating expenses 104    256       
Net income (loss) 19,786 2,094 30,758 2,094    
Investments 1,894,260   1,894,260      
Cash and cash equivalents              
Other assets 6,563   6,563      
Total assets 1,900,823   1,900,823      
Debt 1,467,934   1,467,934      
Other liabilities 149,352   149,352      
Total liabilities 1,617,286   1,617,286      
GAAP book value 283,537   283,537      
Investments in equity method investees at fair value              
Consumer Loans
           
Interest income                
Interest expense                
Net interest income                
Impairment              
Other income 24,129    60,293       
Other operating expenses 1    1,952       
Net income (loss) 24,128    58,341       
Investments 192,498   192,498      
Cash and cash equivalents              
Other assets              
Total assets 192,498   192,498      
Debt              
Other liabilities              
Total liabilities              
GAAP book value 192,498   192,498      
Investments in equity method investees at fair value 192,498   192,498      
Corporate
           
Interest income 4    42       
Interest expense                
Net interest income 4    42       
Impairment              
Other income                
Other operating expenses 11,305 1,009 19,702 1,955    
Net income (loss) (11,301) (1,009) (19,660) (1,955)    
Investments              
Cash and cash equivalents 172,203   172,203      
Other assets 720   720      
Total assets 172,923   172,923      
Debt              
Other liabilities 53,440   53,440      
Total liabilities 53,440   53,440      
GAAP book value 119,483   119,483      
Investments in equity method investees at fair value