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Debt Securities (Details) (USD $)
6 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2012
Apr. 16, 2012
Mar. 31, 2012
Dec. 31, 2011
Jun. 30, 2012
Mortgage-backed securities
Dec. 31, 2011
Mortgage-backed securities
Jun. 30, 2012
CMBS
Y
Dec. 31, 2011
CMBS
Y
Jun. 30, 2012
CMBS
Minimum
Dec. 31, 2011
CMBS
Minimum
Jun. 30, 2012
CMBS
Maximum
Dec. 31, 2011
CMBS
Maximum
Jun. 30, 2012
RMBS
Y
Dec. 31, 2011
RMBS
Y
Mortgage-Backed Securities Available-for-Sale                            
Purchased Amortized Cost         $ 899,161,000 $ 347,777,000 $ 662,117,000 $ 177,353,000         $ 237,044,000 $ 170,424,000
Credit OTTI         (7,909,000) (6,001,000)             (7,909,000) (6,001,000)
Recorded Amortized Cost         891,252,000 341,776,000 662,117,000 177,353,000         229,135,000 164,423,000
Non-Credit OTTI         (1,354,000) (1,310,000)             (1,354,000) (1,310,000)
Unrealized Gains         21,377,000 3,367,000 12,932,000           8,445,000 3,367,000
Unrealized Losses         (2,770,000) (2,099,000)   (567,000)         (2,770,000) (1,532,000)
Net Fair Value Adjustment         17,253,000 (42,000) 12,932,000 (567,000)         4,321,000 525,000
Fair Value 908,505,000     341,734,000 908,505,000 341,734,000 675,049,000 176,786,000         233,456,000 164,948,000
Weighted Average Coupon (as a percent)             3.80% 2.10%         2.00% 1.00%
Weighted Average Life (WAL) (in years)             3.6 3.5         3.9 4.8
Weighted Average Yield (as a percent)             6.70%           9.60%  
Description of variable rate basis         one-month LIBOR one-month LIBOR LIBOR LIBOR         LIBOR LIBOR
Effective variable rate basis (as a percent)         0.24575% 0.2953%                
Fair value of securities not rated             578,500,000              
Investment position rated BB+             97,000,000              
Loan-to-value ratio of securities not rated (as a percent)                 39.00% 39.00% 44.00% 44.00%    
Aggregate participating investment in senior notes 578,500,000                          
Aggregate participating investment in senior loans     115,500,000                      
Remaining participating investment in senior loans certificated   115,500,000                        
Aggregate participating investment in securities     387,600,000                      
Face value of participating investment in senior loans $ 608,900,000                          
Face value of investment to aggregate investment (as a percent) 8.20%                          
Carrying value of investment to total assets (as a percent) 16.70%