| Fair Value, by Balance Sheet Grouping [Table Text Block] |
|
|
|
Financing VIEs
|
|
|
|
|
Multi-family CMBS re-securitization(1)
|
|
|
Collateralized Recourse Financings(2)
|
|
|
Distressed Residential Mortgage Loan Securitization
|
|
|
Residential Mortgage Loan Securitizations
|
|
|
Total
|
|
|
Investment securities available for sale, at fair value held in securitization trusts
|
|
$
|
29,289
|
|
|
$
|
63,289
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
92,578
|
|
|
Residential mortgage loans held in securitization trusts (net)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
163,237
|
|
|
|
163,237
|
|
|
Distressed residential mortgage loans held in securitization trusts (net)
|
|
|
—
|
|
|
|
—
|
|
|
|
254,721
|
|
|
|
—
|
|
|
|
254,721
|
|
|
Multi-family loans held in securitization trusts, at fair value
|
|
|
1,234,084
|
|
|
|
6,876,938
|
|
|
|
—
|
|
|
|
—
|
|
|
|
8,111,022
|
|
|
Receivables and other assets
|
|
|
5,241
|
|
|
|
27,198
|
|
|
|
10,072
|
|
|
|
1,760
|
|
|
|
44,271
|
|
|
Total assets
|
|
$
|
1,268,614
|
|
|
$
|
6,967,425
|
|
|
$
|
264,793
|
|
|
$
|
164,997
|
|
|
$
|
8,665,829
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential collateralized debt obligations
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
158,410
|
|
|
$
|
158,410
|
|
|
Multi-family collateralized debt obligations, at fair value
|
|
|
1,195,637
|
|
|
|
6,675,383
|
|
|
|
—
|
|
|
|
—
|
|
|
|
7,871,020
|
|
|
Securitized debt
|
|
|
27,240
|
|
|
|
107,853
|
|
|
|
169,871
|
|
|
|
—
|
|
|
|
304,964
|
|
|
Accrued expenses and other liabilities
|
|
|
4,640
|
|
|
|
25,315
|
|
|
|
981
|
|
|
|
15
|
|
|
|
30,951
|
|
|
Total liabilities
|
|
$
|
1,227,517
|
|
|
$
|
6,808,551
|
|
|
$
|
170,852
|
|
|
$
|
158,425
|
|
|
$
|
8,365,345
|
|
|
|
|
Financing VIEs
|
|
|
Non-financing VIEs
|
|
|
|
|
|
|
|
|
Multi-family CMBS re-securitization(1)
|
|
|
Collateralized Recourse
Financing(2)
|
|
|
Distressed
Residential Mortgage
Loan Securitization
|
|
|
Residential Mortgage Loan Securitizations
|
|
|
Multi-family
CMBS(3)
|
|
|
Total
|
|
|
Investment securities available for sale, at fair value held in securitization trusts
|
|
$
|
22,611
|
|
|
$
|
48,548
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
71,159
|
|
|
Residential mortgage loans held in securitization trusts (net)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
187,229
|
|
|
|
—
|
|
|
|
187,229
|
|
|
Distressed residential mortgage loans held in securitization trust (net)
|
|
|
—
|
|
|
|
—
|
|
|
|
60,459
|
|
|
|
—
|
|
|
|
—
|
|
|
|
60,459
|
|
|
Multi-family loans held in securitization trusts, at fair value
|
|
|
1,335,862
|
|
|
|
2,610,276
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,496,768
|
|
|
|
5,442,906
|
|
|
Receivables and other assets
|
|
|
5,372
|
|
|
|
11,797
|
|
|
|
3,187
|
|
|
|
1,425
|
|
|
|
3,035
|
|
|
|
24,816
|
|
|
Total assets
|
|
$
|
1,363,845
|
|
|
$
|
2,670,621
|
|
|
$
|
63,646
|
|
|
$
|
188,654
|
|
|
$
|
1,499,803
|
|
|
$
|
5,786,569
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential collateralized debt obligations
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
180,979
|
|
|
$
|
—
|
|
|
$
|
180,979
|
|
|
Multi-family collateralized debt obligations, at fair value
|
|
|
1,306,760
|
|
|
|
2,547,015
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,465,798
|
|
|
|
5,319,573
|
|
|
Securitized debt
|
|
|
26,891
|
|
|
|
52,000
|
|
|
|
38,700
|
|
|
|
—
|
|
|
|
—
|
|
|
|
117,591
|
|
|
Accrued expenses and other liabilities
|
|
|
4,706
|
|
|
|
10,609
|
|
|
|
259
|
|
|
|
15
|
|
|
|
2,918
|
|
|
|
18,507
|
|
|
Total liabilities
|
|
$
|
1,338,357
|
|
|
$
|
2,609,624
|
|
|
$
|
38,959
|
|
|
$
|
180,994
|
|
|
$
|
1,468,716
|
|
|
$
|
5,636,650
|
|
|
| Schedule of Variable Interest Entities [Table Text Block] |
|
|
|
Multi-family CMBS
Re-securitization (1)
|
|
|
Collateralized
Recourse Financings (2)
|
|
|
Distressed
Residential Mortgage
Loan Securitizations (3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Original Face amount of Notes issued by the VIE and purchased by 3rd party investors
|
|
$
|
35,000
|
|
|
$
|
107,853
|
|
|
$
|
176,970
|
|
|
Principal Amount at December 31, 2013
|
|
$
|
34,508
|
|
|
$
|
107,853
|
|
|
$
|
169,871
|
|
|
Principal Amount at December 31, 2012
|
|
$
|
35,000
|
|
|
$
|
52,000
|
|
|
$
|
38,700
|
|
|
Carrying Value at December 31, 2013 (4)
|
|
$
|
27,240
|
|
|
$
|
107,853
|
|
|
$
|
169,871
|
|
|
Carrying Value at December 31, 2012 (4)
|
|
$
|
26,891
|
|
|
$
|
52,000
|
|
|
$
|
38,700
|
|
|
Pass-through rate of Notes issued
|
|
|
5.35
|
%
|
|
One-month LIBOR plus 5.25% - 6.50%
|
|
|
|
4.25% - 4.85%
|
|
|