Quarterly report pursuant to Section 13 or 15(d)

Mortgage Loans Held-for-Investment in Securitization Trust, at Fair Value Mortgage Loans Held-for-Investment in Securitization Trust, at Fair Value (Tables)

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Mortgage Loans Held-for-Investment in Securitization Trust, at Fair Value Mortgage Loans Held-for-Investment in Securitization Trust, at Fair Value (Tables)
9 Months Ended
Sep. 30, 2013
Mortgage Loans Held-for-Investment, at Fair Value [Abstract]  
Schedule of Mortgage Loans Held-for-Investment Reconciliation [Table Text Block]
The following table presents the carrying value of the Company’s mortgage loans held-for-investment in securitization trusts as of September 30, 2013 and December 31, 2012:
(in thousands)
September 30,
2013
 
December 31,
2012
Unpaid principal balance
$
825,285

 
$

Fair value adjustment
(20,297
)
 

Carrying value
$
804,988

 
$