DERIVATIVES (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Derivative Assets at Fair Value $ 35,926
Gain on derivatives 1,820
Linked Transactions Derivatives 35,926
Real Estate Securities Derivatives
  
Derivative Assets at Fair Value 1,452
Gain on derivatives (11)
Linked Transactions Derivatives 9,952 [1]
Real Estate Securities Repurchase Agreements Derivatives
  
Linked Transactions Derivatives (8,500) [2]
Non-Performing Loans Derivatives
  
Derivative Assets at Fair Value 34,474
Gain on derivatives 1,831
Linked Transactions Derivatives 95,014 [3]
Non-Performing Loans Repurchase Agreements Derivatives
  
Linked Transactions Derivatives $ (60,540) [2]
[1] Real estate securities that had a current face amount of $10.0 million, as of December 31, 2013, which represents the notional amount of the linked transaction.
[2] Represents their face amount that approximates fair value. Amounts for repurchase agreements related to non-performing loans also includes $0.4 million of accrued interest and deferred financing costs.
[3] Non-performing loans that had a UPB of $164.6 million as of December 31, 2013, which represents the notional amount of the linked transaction.