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Consolidated Securitization Vehicles (Details 6) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Beginning Balance, book     $ 19,282  
Recovery of provision for loan losses    (8,088) (8) (17,249)
Ending Balance, book 1,619   1,619  
Securitization Vehicles
       
Beginning Balance, allowance     (7,432) [1]  
Beginning Balance, book     612,598  
Deconsolidation of securization vehicle     (163,739) [2],[3]  
Ending Balance, allowance    [1]      [1]  
Ending Balance, book 241,644   241,644  
Securitization Vehicles | Gross Book Value
       
Beginning Balance, gross     814,572  
Satisfactions     (33,000) [4]  
Principal paydowns     (1,741)  
Discount/premium amortization & other     129  
Recovery of provision for loan losses         
Realized loan losses     (5,450)  
Deconsolidation of securization vehicle     (435,744) [5]  
Ending Balance, gross 338,766   338,766  
Securitization Vehicles | Provision for Loan Losses
       
Beginning Balance, allowance     (201,974)  
Satisfactions         
Principal paydowns         
Discount/premium amortization & other         
Recovery of provision for loan losses     8  
Realized loan losses     5,450  
Deconsolidation of securization vehicle     99,394 [5]  
Ending Balance, allowance (97,122)   (97,122)  
Securitization Vehicles | Net Book Value
       
Beginning Balance, book     612,598 [6]  
Satisfactions     (33,000) [4],[6]  
Principal paydowns     (1,741) [6]  
Discount/premium amortization & other     129 [6]  
Recovery of provision for loan losses     8  
Realized loan losses         
Deconsolidation of securization vehicle     (336,350) [5],[6]  
Ending Balance, book $ 241,644 [6]   $ 241,644 [6]  
[1] We have recorded a general provision for loan losses against certain pools of smaller loans in our consolidated securitization vehicles. This general provision is not specifically allocable to any loan asset type, collateral property type, or geographic location, but rather to an overall pool of loans. See Note 2 for additional details.
[2] Includes securities with a total face value of $248.9 million and $490.9 million as of June 30, 2012 and December 31, 2011, respectively.
[3] As further described above, we deconsolidated CT Legacy Assets in the first quarter of 2012. As a result, the securities owned by its consolidated securitization vehicle are no longer included in our consolidated financial statements. Also, certain securities which are owned by our consolidated securitization vehicles, that had previously been eliminated in consolidation, are now included in our consolidated financial statements. See Note 6 for additional discussion on CT Legacy Assets.
[4] Includes final maturities and full repayments.
[5] As further described in Note 1, we deconsolidated CT Legacy Assets in the first quarter of 2012. As a result, these loans are no longer included in our consolidated financial statements
[6] Includes loans with a total principal balance of $339.8 million and $815.7 million as of June 30, 2012 and December 31, 2011, respectively.