Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities:
Net income (loss)	$ 260,140	$ (60,551)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Net impairments recognized in earnings	8,204	21,820
(Recovery of) provision for loan losses	(17,249)	54,227
Valuation allowance on loans held for sale	224
Gain on extinguishment of debt	(250,976)	(463)
Income from equity investments	(1,797)	(1,302)
Employee stock-based compensation	317	76
Incentive awards plan expense	2,980
Deferred directors' compensation	94	103
Amortization of premiums/discounts on loans and securities and deferred interest on loans	(912)	(1,347)
Amortization of deferred gains and losses on settlement of swaps	(47)	(50)
Amortization of deferred financing costs and premiums/discounts on debt obligations	6,648	3,711
Deferred interest on senior credit facility		1,977
Loss on interest rate swaps not designated as cash flow hedges	3,970
Changes in assets and liabilities, net:
Accrued interest receivable	2,617	312
Deferred income taxes	(939)	321
Prepaid expenses and other assets	448	586
Accounts payable and accrued expenses	(1,283)	810
Net cash provided by operating activities	12,439	20,230
Cash flows from investing activities:
Principal collections and proceeds from securities	31,435	10,758
Add-on fundings under existing loan commitments		(886)
Distributions from equity investments	3,360
Principal collections of loans receivable	1,680,725	77,206
Proceeds from disposition of loans	5,750	23,548
Contributions to unconsolidated subsidiaries	(1,991)	(1,528)
Distributions from unconsolidated subsidiaries	2,869
Increase in restricted cash	(10,225)
Net cash provided by investing activities	1,711,923	109,098
Cash flows from financing activities:
Repayments under repurchase obligations	(253,336)	(21,883)
Repayments under senior credit facility	(22,932)	(2,500)
Repayment of junior subordinated notes	(4,640)
Borrowing under mezzanine loan	83,000
Repayments under mezzanine loan	(20,000)
Repayment of securitized debt obligations	(1,490,715)	(106,404)
Payment of financing expenses	(11,126)
Purchase of noncontrolling interests	(142)
Purchase of secured notes	(405)
Vesting of restricted class A common stock	(85)
Net cash used in financing activities	(1,720,381)	(130,787)
Net increase (decrease) in cash and cash equivalents	3,981	(1,459)
Cash and cash equivalents at beginning of period	24,449	27,954
Cash and cash equivalents at end of period	$ 28,430	$ 26,495