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SEGMENT INFORMATION (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
Total interest income $ 4,380 $ 16,225 $ 35,177 $ 50,187
Total interest expense 2,199 [1] 6,547 [1] 22,213 [1] 20,090 [1]
Net interest income 2,181 9,678 12,964 30,097
Total fee and other income 809 489 1,866 1,662
Total non-interest revenue 9,610 5,896 22,681 14,549
Total revenues, net of interest expense 11,791 15,574 35,645 44,646
Operating and other expenses:        
Interest expense 3,628 [2] 4,639 [2] 11,374 [2] 14,179 [2]
Other expenses 1,178 955 4,965 2,950
Total operating and other expenses 25,976 20,820 78,414 52,708
Net gains due to real estate consolidation and foreclosure 2,411 2,853 10,895 5,404
Net gains (losses) related to CFVs     32,964 5,407
Equity in losses from Lower Tier Property Partnerships     (20,323) (25,917)
Income (loss) from continuing operations before income taxes 62,015 (13,988) 90,417 (24,335)
Income tax (expense) benefit (123) (24) 1,309 (65)
Income from discontinued operations, net of tax 403 602 6,527 694
Net income (loss) 62,295 (13,410) 98,253 (23,706)
Net income (loss) to common shareholders 73,316 718 112,142 6,974
US Operations [Member]
       
Total interest income 4,644 [3] 17,387 [3] 36,931 51,946 [3]
Total interest expense 2,199 [3] 6,547 [3] 22,213 [3] 20,090 [3]
Net interest income 2,445 10,840 14,718 31,856
Total fee and other income 2,651 [4] 2,336 [4] 7,203 [4] 7,690 [4]
Revenue from CFVs 0 0 0 0
Total non-interest revenue 2,651 2,336 7,203 7,690
Total revenues, net of interest expense 5,096 13,176 21,921 39,546
Operating and other expenses:        
Interest expense 3,593 4,607 11,273 14,074
Operating expenses 4,016 [4] 3,722 [4] 15,843 [4] 11,948 [4]
Impairment on bonds and provision for loan losses 939 919 1,772 (2,278)
Other expenses 1,463 [5],[6] 2,038 [5],[6] 7,265 [5],[6] 5,993 [5],[6]
Expenses from CFVs 0 0 0 0
Total operating and other expenses 10,011 11,286 36,153 29,737
Net gains on assets, derivatives and extinguishment of liabilities 76,304 (501) 114,672 (1,167)
Net gains due to real estate consolidation and foreclosure 2,411 2,853 10,895 5,404
Net gains (losses) related to CFVs 0 0 0 0
Equity in losses from Lower Tier Property Partnerships 0 [5] 0 [5] 0 [5] 0 [5]
Income (loss) from continuing operations before income taxes 73,800 4,242 111,335 14,046
Income tax (expense) benefit (123) (24) 1,309 (65)
Income from discontinued operations, net of tax 274 (393) 5,215 1,342
Net income (loss) 73,951 3,825 117,859 15,323
(Income) loss allocable to noncontrolling interests (36) (2,284) (3,714) (6,852)
Net income (loss) to common shareholders 73,915 1,541 114,145 8,471
US Operations [Member] | Continuing Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests 0 [6] 0 [6] 0 [6] 0 [6]
US Operations [Member] | Discontinued Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests 0 0 0 0
International Operations [Member]
       
Total interest income 10 [3] 7 [3] 25 [3] 30 [3]
Total interest expense 0 [3] 0 [3] 0 [3] 0 [3]
Net interest income 10 7 25 30
Total fee and other income 703 [4] 761 [4] 2,220 [4] 2,964 [4]
Revenue from CFVs 0 0 0 0
Total non-interest revenue 703 761 2,220 2,964
Total revenues, net of interest expense 713 768 2,245 2,994
Operating and other expenses:        
Interest expense 35 32 101 105
Operating expenses 1,356 [4] 1,546 [4] 4,507 [4] 4,786 [4]
Impairment on bonds and provision for loan losses 5 0 5 0
Other expenses 72 [5],[6] 152 [5],[6] 140 [5],[6] (42) [5],[6]
Expenses from CFVs 0 0 0 0
Total operating and other expenses 1,468 1,730 4,753 4,849
Net gains on assets, derivatives and extinguishment of liabilities 16 0 16 0
Net gains due to real estate consolidation and foreclosure 0 0 0 0
Net gains (losses) related to CFVs 0 0 0 0
Equity in losses from Lower Tier Property Partnerships 0 [5] 0 [5] 0 [5] 0 [5]
Income (loss) from continuing operations before income taxes (739) (962) (2,492) (1,855)
Income tax (expense) benefit 0 0 0 0
Income from discontinued operations, net of tax 0 0 0 0
Net income (loss) (739) (962) (2,492) (1,855)
(Income) loss allocable to noncontrolling interests 0 0 0 0
Net income (loss) to common shareholders (599) (823) (2,003) (1,497)
International Operations [Member] | Continuing Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests 140 [6] 139 [6] 489 [6] 358 [6]
International Operations [Member] | Discontinued Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests 0 0 0 0
Consolidated Funds and Ventures [Member]
       
Total interest income 3,739 [3] 2,267 [3] 7,784 [3] 4,743 [3]
Total interest expense 1,527 [3] 1,610 [3] 4,007 [3] 3,026 [3]
Net interest income 2,212 657 3,777 1,717
Total fee and other income 3,736 [4] 1,800 [4] 9,096 [4] 3,715 [4]
Revenue from CFVs 0 0 0 0
Total non-interest revenue 3,736 1,800 9,096 3,715
Total revenues, net of interest expense 5,948 2,457 12,873 5,432
Operating and other expenses:        
Interest expense 0 0 0 0
Operating expenses 4,915 [4] 3,191 [4] 12,224 [4] 9,143 [4]
Impairment on bonds and provision for loan losses 0 0 0 0
Other expenses 9,905 [5],[6] 6,675 [5],[6] 29,118 [5],[6] 15,306 [5],[6]
Expenses from CFVs 0 0 0 0
Total operating and other expenses 14,820 9,866 41,342 24,449
Net gains on assets, derivatives and extinguishment of liabilities 3,812 (4,608) 27,732 5,407
Net gains due to real estate consolidation and foreclosure 0 0 0 0
Net gains (losses) related to CFVs 0 0 0 0
Equity in losses from Lower Tier Property Partnerships (6,111) [5] (5,295) [5] (17,951) (23,051) [5]
Income (loss) from continuing operations before income taxes (11,171) (17,312) (18,688) (36,661)
Income tax (expense) benefit 0 0 0 0
Income from discontinued operations, net of tax 129 995 1,312 (648)
Net income (loss) (11,042) (16,317) (17,376) (37,309)
(Income) loss allocable to noncontrolling interests 0 0 0 0
Net income (loss) to common shareholders 0 0 0 0
Consolidated Funds and Ventures [Member] | Continuing Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests 11,171 [6] 17,312 [6] 18,688 [6] 36,661 [6]
Consolidated Funds and Ventures [Member] | Discontinued Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests (129) (995) (1,312) 648
Income Allocation Reclasses [Member]
       
Total interest income (274) [3] (1,169) [3] (1,779) [3] (1,789) [3]
Total interest expense (274) [3] (1,169) [3] (1,779) [3] (1,789) [3]
Net interest income 0 0 0 0
Total fee and other income (1,219) [4] (1,268) [4] (3,622) [4] (4,563) [4]
Revenue from CFVs 0 0 0 0
Total non-interest revenue (1,219) (1,268) (3,622) (4,563)
Total revenues, net of interest expense (1,219) (1,268) (3,622) (4,563)
Operating and other expenses:        
Interest expense 0 0 0 0
Operating expenses (1,219) [4] (1,268) [4] (3,622) [4] (4,563) [4]
Impairment on bonds and provision for loan losses 0 0 0 0
Other expenses (357) [5],[6] (1,235) [5],[6] (2,440) [5],[6] (3,001) [5],[6]
Expenses from CFVs 0 0 0 0
Total operating and other expenses (1,576) (2,503) (6,062) (7,564)
Net gains on assets, derivatives and extinguishment of liabilities 0 0 0 0
Net gains due to real estate consolidation and foreclosure 0 0 0 0
Net gains (losses) related to CFVs 0 0 0 0
Equity in losses from Lower Tier Property Partnerships (232) [5] (1,191) [5] (2,178) [5] (2,866) [5]
Income (loss) from continuing operations before income taxes 125 44 262 135
Income tax (expense) benefit 0 0 0 0
Income from discontinued operations, net of tax 0 0 0 0
Net income (loss) 125 44 262 135
(Income) loss allocable to noncontrolling interests 0 0 0 0
Net income (loss) to common shareholders 0 0 0 0
Income Allocation Reclasses [Member] | Continuing Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests (125) [6] (44) [6] (262) [6] (135) [6]
Income Allocation Reclasses [Member] | Discontinued Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests 0 0 0 0
CFVs Adjustments [Member]
       
Total interest income (3,739) [3] (2,267) [3] (7,784) (4,743) [3]
Total interest expense (1,253) [3] (441) [3] (2,228) [3] (1,237) [3]
Net interest income (2,486) (1,826) (5,556) (3,506)
Total fee and other income (3,736) [4] (1,800) [4] (9,096) [4] (3,715) [4]
Revenue from CFVs 7,475 4,067 16,880 8,458
Total non-interest revenue 3,739 2,267 7,784 4,743
Total revenues, net of interest expense 1,253 441 2,228 1,237
Operating and other expenses:        
Interest expense 0 0 0 0
Operating expenses (3,696) [4] (1,923) [4] (8,602) [4] (4,580) [4]
Impairment on bonds and provision for loan losses 0 0 0 0
Other expenses (9,905) [5],[6] (6,675) [5],[6] (29,118) [5],[6] (15,306) [5],[6]
Expenses from CFVs 14,854 9,039 39,948 21,123
Total operating and other expenses 1,253 441 2,228 1,237
Net gains on assets, derivatives and extinguishment of liabilities (3,812) 4,608 (27,732) (5,407)
Net gains due to real estate consolidation and foreclosure 0 0 0 0
Net gains (losses) related to CFVs 3,812 (4,608) 27,732 5,407
Equity in losses from Lower Tier Property Partnerships 0 [5] 0 [5] 0 [5] 0 [5]
Income (loss) from continuing operations before income taxes 0 0 0 0
Income tax (expense) benefit 0 0 0 0
Income from discontinued operations, net of tax 0 0 0 0
Net income (loss) 0 0 0 0
(Income) loss allocable to noncontrolling interests 0 0 0 0
Net income (loss) to common shareholders 0 0 0 0
CFVs Adjustments [Member] | Continuing Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests 0 [6] 0 [6] 0 [6] 0 [6]
CFVs Adjustments [Member] | Discontinued Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests 0 0 0 0
MMA Consolidated [Member]
       
Total interest income 4,380 [3] 16,225 [3] 35,177 [3] 50,187 [3]
Total interest expense 2,199 [3] 6,547 [3] 22,213 [3] 20,090 [3]
Net interest income 2,181 9,678 12,964 30,097
Total fee and other income 2,135 [4] 1,829 [4] 5,801 [4] 6,091 [4]
Revenue from CFVs 7,475 4,067 16,880 8,458
Total non-interest revenue 9,610 5,896 22,681 14,549
Total revenues, net of interest expense 11,791 15,574 35,645 44,646
Operating and other expenses:        
Interest expense 3,628 4,639 11,374 14,179
Operating expenses 5,372 [4] 5,268 [4] 20,350 [4] 16,734 [4]
Impairment on bonds and provision for loan losses 944 919 1,777 (2,278)
Other expenses 1,178 [5],[6] 955 [5],[6] 4,965 [5],[6] 2,950 [5],[6]
Expenses from CFVs 14,854 9,039 39,948 21,123
Total operating and other expenses 25,976 20,820 78,414 52,708
Net gains on assets, derivatives and extinguishment of liabilities 76,320 (501) 114,688 (1,167)
Net gains due to real estate consolidation and foreclosure 2,411 2,853 10,895 5,404
Net gains (losses) related to CFVs 3,812 (4,608) 27,732 5,407
Equity in losses from Lower Tier Property Partnerships (6,343) [5] (6,486) [5] (20,129) [5] (25,917) [5]
Income (loss) from continuing operations before income taxes 62,015 (13,988) 90,417 (24,335)
Income tax (expense) benefit (123) (24) 1,309 (65)
Income from discontinued operations, net of tax 403 602 6,527 694
Net income (loss) 62,295 (13,410) 98,253 (23,706)
(Income) loss allocable to noncontrolling interests (36) (2,284) (3,714) (6,852)
Net income (loss) to common shareholders 73,316 718 112,142 6,974
MMA Consolidated [Member] | Continuing Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests 11,186 [6] 17,407 [6] 18,915 [6] 36,884 [6]
MMA Consolidated [Member] | Discontinued Operations [Member]
       
Operating and other expenses:        
(Income) loss allocable to noncontrolling interests $ (129) $ (995) $ (1,312) $ 648
[1] Represents interest expense related to debt which finances interest-bearing assets. See Note 6, “Debt.”
[2] Represents interest expense related to debt which does not finance interest-bearing assets. See Note 6, “Debt.”
[3] Primarily related to interest on bonds that the Company earned by holding the bond but which is eliminated because the Company consolidates two non-profits and the associated Lower Tier Property Partnerships and its related real estate. These Lower Tier Property Partnerships each have a mortgage debt obligation that collateralizes a bond.
[4] Primarily related to asset management fees earned by the Company for asset management services provided to the SA Fund and LIHTC Funds.
[5] Primarily relates to equity in losses from the Lower Tier Property Partnerships associated with the Company’s LIHTC Funds for which the Company has provided bond financing to the Lower Tier Property Partnerships.
[6] Includes losses recorded by the Company related to guarantees provided by the Company associated with third party debt obligations of certain Lower Tier Property Partnerships.