|
Note 5 - Distressed Residential Mortgage Loans (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Note 5 - Distressed Residential Mortgage Loans (Tables) [Line Items] |
|
| Schedule of Additional Information of Distressed Residential Mortgage Loans Acquired [Table Text Block] |
|
|
|
December 31,
2013
|
|
|
December 31
2012
|
|
|
Contractually required principal and interest
|
|
$
|
368,571
|
|
|
$
|
174,746
|
|
|
Non-accretable yield
|
|
|
(47,453
|
)
|
|
|
(21,614
|
)
|
|
Expected cash flows to be collected
|
|
|
321,118
|
|
|
|
153,132
|
|
|
Accretable yield
|
|
|
(102,952
|
)
|
|
|
(91,737
|
)
|
|
Fair value at the date of acquisition
|
|
$
|
218,166
|
|
|
$
|
61,395
|
|
|
| Schedule of Distressed Residential Mortgage Loans Activity [Table Text Block] |
|
|
|
December 31,
2013
|
|
|
December 31,
2012
|
|
|
Balance at beginning of period
|
|
$
|
91,252
|
|
|
$
|
—
|
|
|
Additions
|
|
|
102,952
|
|
|
|
91,737
|
|
|
Disposals
|
|
|
(11,223
|
)
|
|
|
(53
|
)
|
|
Accretion
|
|
|
(11,741
|
)
|
|
|
(432
|
)
|
|
Allowance for loan losses
|
|
|
(128
|
)
|
|
|
—
|
|
|
Balance at end of period (1)
|
|
$
|
171,112
|
|
|
$
|
91,252
|
|
|
| Schedules of Concentration of Risk, by Risk Factor [Table Text Block] |
|
|
|
December 31,
2013
|
|
|
December 31,
2012
|
|
|
New York
|
|
|
35.9
|
%
|
|
|
37.8
|
%
|
|
Massachusetts
|
|
|
24.6
|
%
|
|
|
25.2
|
%
|
|
New Jersey
|
|
|
10.4
|
%
|
|
|
9.5
|
%
|
|
Florida
|
|
|
5.8
|
%
|
|
|
5.1
|
%
|
|
Connecticut
|
|
|
5.6
|
%
|
|
|
5.0
|
%
|
|
|
Residential Distressed Mortgage Loans Held in Securitization Trust [Member]
|
|
| Note 5 - Distressed Residential Mortgage Loans (Tables) [Line Items] |
|
| Schedules of Concentration of Risk, by Risk Factor [Table Text Block] |
|
|
|
December 31,
2013
|
|
|
December 31,
2012
|
|
|
California
|
|
|
14.4
|
%
|
|
|
24.1
|
%
|
|
Florida
|
|
|
8.3
|
%
|
|
|
6.5
|
%
|
|
New York
|
|
|
8.1
|
%
|
|
|
3.9
|
%
|
|
Texas
|
|
|
6.6
|
%
|
|
|
7.0
|
%
|
|
Maryland
|
|
|
3.1
|
%
|
|
|
5.5
|
%
|
|