Commercial Mortgage Residual Interests Commercial Mortgage Residual Interests (Tables)

3 Months Ended

Mar. 31, 2013

Commercial Mortgage Residual Interests [Abstract]

Key assumptions used in determining value of Residuals

The following table summarizes the key assumptions used in determining the value of the Residuals as of:

	March 31, 2013		December 31, 2012
Discount rate	25	%	25	%
Average life equivalent CPR (1) speeds range	0.80% to 25.04% CPR		0.80% to 24.31% CPR
Foreclosures:
Frequency curve default model	0.08% - 4.76% range		0.09% - 4.49% range
Loss severity of loans in foreclosure	20	%	20	%
Yield:
LIBOR	Forward 3-month curve		Forward 3-month curve
Prime	Forward curve		Forward curve

⁽¹⁾ Conditional prepayment rate.

Schedule Of Amounts Recognized As Unrealized Gains And Or Losses Recorded As Other Comprehensive Income And Other Than Temporary Valuation Impairments Recorded In Earnings

The following table summarizes the recognition of unrealized gains and/or losses recorded as other comprehensive income as well as other than temporary valuation impairments recorded in condensed consolidated statements of earnings (dollars in thousands):

	Quarter Ended March 31,
	2013		2012
Unrealized gains	$	869	$	—