Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net income	$ 156,873	$ 268,399
Adjustments to reconcile net income to net cash provided by operating activities:
Net impairments recognized in earnings	160	39,773
Recovery of provision for loan losses	(2,819)	(34,401)
Valuation allowance on loans held-for-sale		224
Gain on extinguishment of debt		(271,031)
Gain on deconsolidation of CT Legacy Asset	(146,380)
Fair value adjustment on investment in CT Legacy Asset	(19,645)
Income from equity investments in unconsolidated subsidiaries	(1,312)	(2,105)
Distributions of income from unconsolidated subsidiaries	1,933
Employee stock-based compensation	675	411
Incentive awards plan expense	944	3,395
Deferred directors' compensation	169	150
Distributions from CT Legacy Asset	9,221
Amortization of premiums/discounts on loans and securities and deferred interest on loans	(669)	(969)
Amortization of deferred gains and losses on settlement of swaps	(56)	(75)
Amortization of deferred financing costs and premiums/discounts on debt obligations	10,747	9,304
Loss on interest rate swaps not designated as cash flow hedges	2,772	6,255
Changes in assets and liabilities, net:
Accrued interest receivable	(4,765)	3,406
Deferred income taxes	(1,826)	(1,093)
Prepaid expenses and other assets	2,764	624
Accounts payable and accrued expenses	2,812	(2,931)
Net cash provided by operating activities	11,598	19,336
Cash flows from investing activities:
Principal collections and proceeds from securities	40,344	70,929
Distributions from equity method investments		4,345
Principal collections of loans receivable	91,889	1,879,041
Proceeds from disposition of loans		5,750
Contributions to unconsolidated subsidiaries	(4,030)	(3,413)
Distributions from unconsolidated subsidiaries	1,006	3,839
Increase in restricted cash	(3,160)	(13,715)
Net cash provided by investing activities	126,049	1,946,776
Cash flows from financing activities:
Borrowings under repurchase obligations	123,977
Repayments under repurchase obligations	(58,464)	(306,042)
Repayments under senior credit facility		(22,932)
Repayment of junior subordinated notes		(4,640)
Borrowing under mezzanine loan		83,000
Repayments under mezzanine loan	(63,000)	(20,000)
Repayment of securitized debt obligations	(136,078)	(1,679,970)
Payment of financing expenses		(11,126)
Purchase of and distribution to noncontrolling interests	(8)	(142)
Purchase of secured notes		(405)
Vesting of restricted Class A common stock	(25)	(85)
Net cash used in financing activities	(133,598)	(1,962,342)
Net increase in cash and cash equivalents	4,049	3,770
Cash and cash equivalents at beginning of period	34,818	24,449
Cash and cash equivalents at end of period	$ 38,867	$ 28,219