Securitized Debt (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Maturities of Long-term Debt

The following table presents the estimated principal repayment schedule of the securitized debt at September 30, 2012 and December 31, 2011, based on expected cash flows of the residential mortgage loans or RMBS, as adjusted for projected losses on the underlying collateral of the debt.  All of the securitized debt recorded in the Company’s Consolidated Statements of Financial Condition is non-recourse to the Company.

	September 30, 2012		December 31, 2011
	(dollars in thousands)
Within One Year	$	640,029	$	488,886
One to Three Years		737,935		598,921
Three to Five Years		388,354		276,965
Greater Than or Equal to Five Years		454,842		404,386
Total	$	2,221,160	$	1,769,158