Condensed Quarterly Financial Data (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
0 Months Ended | 3 Months Ended | 12 Months Ended | |||||
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Sep. 30, 2012
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Dec. 31, 2013
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Sep. 30, 2013
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Jun. 30, 2013
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Mar. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2012
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Dec. 31, 2013
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INTEREST INCOME (EXPENSE) | ||||||||
Interest income | $ 0 | $ 12,050 | $ 11,223 | $ 4,310 | $ 283 | $ 239 | $ 239 | $ 27,866 |
Interest expense | 0 | (1,283) | (1,248) | (525) | 0 | 0 | 0 | (3,056) |
Total net interest income | 0 | 10,767 | 9,975 | 3,785 | 283 | 239 | 239 | 24,810 |
EXPENSES | ||||||||
Management fees | 8 | 600 | 644 | 703 | 119 | 116 | 124 | 2,066 |
Professional fees | 0 | 155 | 200 | 237 | 32 | 125 | 125 | 624 |
Organizational expense | 0 | 568 | 568 | 0 | ||||
Other operating expenses | 0 | 656 | 513 | 421 | 46 | 45 | 45 | 1,636 |
Total expenses | 8 | 1,411 | 1,357 | 1,361 | 197 | 854 | 862 | 4,326 |
OTHER INCOME (LOSS) | ||||||||
Net realized gains (losses) on real estate securities and financial derivatives | (16,504) | (19,900) | 5,370 | 888 | ||||
Change in net unrealized gains (losses) on real estate securities and financial derivatives | 7,024 | 18,067 | (17,498) | 155 | ||||
Net realized losses on real estate securities | 0 | (19) | (19) | (37,456) | ||||
Change in net unrealized gains (losses) on real estate securities | 0 | 106 | 106 | (26,146) | ||||
Total other income (loss) | 0 | (9,480) | (1,833) | (12,128) | 1,043 | 87 | 87 | (22,398) |
Net income (loss) | $ (8) | $ (124) | $ 6,785 | $ (9,704) | $ 1,129 | $ (528) | $ (536) | $ (1,914) |
NET LOSS PER COMMON SHARE: | ||||||||
Basic (in dollars per share) | $ (0.01) | $ (0.01) | $ 0.74 | $ (1.55) | $ 0.69 | $ (0.32) | $ (0.33) | $ (0.29) |
X | ||||||||||
- Definition
Change in net unrealized gains (losses) on real estate securities and financial derivatives No definition available.
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X | ||||||||||
- Definition
This amount includes interest paid on cash margin as well as the cost of borrowed funds during the period. No definition available.
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X | ||||||||||
- Definition
Represents the expense incurred during the period relating to fees paid to the Manager. No definition available.
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X | ||||||||||
- Definition
Net realized gains (losses) on real estate securities and financial derivatives No definition available.
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X | ||||||||||
- Definition
Expenses incurred in connection with the formation of the Company. No definition available.
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X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Net gain (loss) resulting from the sales of securitized, pay-through debt securities collateralized by real estate mortgage loans (mortgages). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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X | ||||||||||
- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of unrealized gain (loss) recognized in the income statement on unsold other securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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