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Securitized Mortage Loans, Net
 3 Months Ended
Mar. 31, 2013
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]  
Transfers and Servicing of Financial Assets [Text Block]
SECURITIZED MORTGAGE LOANS, NET
 
The Company's securitized mortgage loans are pledged as collateral for its associated securitization financing bonds, which are discussed further in Note 8. Please also refer to Note 5 for disclosures related to impaired securitized mortgage loans and the related allowance for loan losses. The following table summarizes the components of securitized mortgage loans as of March 31, 2013 and December 31, 2012:
 
March 31, 2013
 
December 31, 2012
 
Commercial
 
Single-family
 
Total
 
Commercial
 
Single-family
 
Total
Principal/par value (1)
$
27,010

 
$
38,730

 
$
65,740

 
$
30,576

 
$
41,337

 
$
71,913

Unamortized (discount) premium,
   net
(1,229
)
 
574

 
(655
)
 
(1,267
)
 
616

 
(651
)
Amortized cost
25,781

 
39,304

 
65,085

 
29,309

 
41,953

 
71,262

Allowance for loan losses
(145
)
 
(115
)
 
(260
)
 
(150
)
 
(289
)
 
(439
)
 
$
25,636

 
$
39,189

 
$
64,825

 
$
29,159

 
$
41,664

 
$
70,823

 (1)
Includes funds held by trustees.

The balance of the Company's securitized commercial mortgage loans has decreased since December 31, 2012 primarily due to principal payments, including amounts received on defeased loans, of $3,565.  The Company's securitized commercial mortgage loans were originated principally in 1996 and 1997 and are collateralized by first deeds of trust on income producing properties.  Approximately half of these securitized commercial mortgage loans are secured by multifamily properties with the remainder being secured by industrial or mixed use properties. As of March 31, 2013 and December 31, 2012, the weighted average loan-to-value ratio based on original appraisal was 50% and 48%, respectively. There were no securitized commercial mortgage loans identified as seriously delinquent (60 or more days past due) and therefore on nonaccrual status on the Company's balance sheet as of March 31, 2013 or as of December 31, 2012.

The balance of the Company's securitized single-family mortgage loans have decreased since December 31, 2012 due to principal payments on the loans of $2,172. These single-family mortgage loans are secured by first deeds of trust on residential real estate and were originated principally from 1992 to 1997.  As of March 31, 2013 and December 31, 2012, the current loan-to-value ratio based on original appraisal was approximately 42% and 43%, respectively. The unpaid principal balance of the Company's securitized single-family mortgage loans identified as seriously delinquent as of March 31, 2013 is $4,171 compared to $3,380 as of December 31, 2012. The Company continues accruing interest on any seriously delinquent securitized single-family mortgage loan so long as the primary servicer continues to advance the interest and/or principal due on the loan.