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Use of Special Purpose Entities and Variable Interest Entities (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended 1 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Feb. 29, 2012
WFMLT Series 2012-RR1
Feb. 29, 2012
WFMLT Series 2012-RR1
Senior-support certificates
Feb. 28, 2011
CSMC Series 2011-1R
Feb. 28, 2011
CSMC Series 2011-1R
Senior-support certificates
Jun. 30, 2011
CSMC Series 2011-7R
Jun. 30, 2011
CSMC Series 2011-7R
Senior-support certificates
Oct. 31, 2010
Deutsche Mortgage Securities, Inc. Real Estate Mortgage Investment Conduit Trust, Series 2010-RS2
Oct. 31, 2010
Deutsche Mortgage Securities, Inc. Real Estate Mortgage Investment Conduit Trust, Series 2010-RS2
Senior-support certificates
Special purpose entities and variable interest entities                      
Principal value of Non-Agency MBS sold       $ 433,347   $ 1,319,969   $ 1,283,422   $ 985,228 [1]  
Face amount of Senior Bonds issued by the VIE and purchased by 3rd party investors       186,691   488,389   474,866   246,307 [1]  
Outstanding amount of Senior Bonds 443,748 [2]   646,816 [2] 118,545   172,930   152,274   0 [1]  
Pass-through rate for Senior Bonds issued (as a percent)       2.85%              
Pass-through rate for Senior Bonds issued           One-month LIBOR   One-month LIBOR   One-month LIBOR  
Interest rate added to base rate (as a percent)           1.00%   1.25%   1.25%  
Face amount of Senior Support Certificates received by the Company         246,656 [3]   831,580 [3]   808,556 [3]   738,921 [1],[3]
Cash received 0 186,691   186,691   488,389   474,866   246,307 [1]  
Notional amount acquired of non-rated, interest only senior certificates       186,691   488,389   474,866   246,307 [1]  
Expenses incurred       1,814 [4]   3,527 [4]   3,230 [4]   3,562 [1],[4]  
Non-Agency MBS transferred to consolidated variable interest entities (VIEs) $ 2,438,235 [5]   $ 2,620,159 [5]                
[1] The principal balance for the DMSI 2010-RS2 Senior Bond was paid off during the quarter ended June 30, 2013.
[2] Securitized Debt represents third-party liabilities of consolidated VIEs and excludes liabilities of the VIEs acquired by the Company that eliminate in consolidation. The third-party beneficial interest holders in the VIEs have no recourse to the general credit of the Company. (See Notes 10 and 15 for further discussion.)
[3] Provides credit support for the sequential Senior Non-Agency MBS sold to third-party investors in resecuritization transactions (“Senior Bonds”).
[4] Amortized to interest expense based upon the actual repayments of the associated beneficial interests.
[5] Non-Agency MBS transferred to consolidated VIEs represent assets of the consolidated VIEs that can be used only to settle the obligations of each respective VIE.