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Commercial Mortgage Residual Interests Commercial Mortgage Residual Interests (Tables)
 9 Months Ended
Sep. 30, 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:
 
September 30, 2013
 
December 31, 2012
Discount rate (1)
20% or 25%

 
25
%
Average life equivalent CPR(2) speeds range
0.80% to 19.39% CPR

 
0.80% to 24.31% CPR

Foreclosures:
 
 
 
Frequency curve default model
0.07% - 3.97% 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)
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 the condensed consolidated statements of earnings (dollars in thousands):
 
Quarter Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Unrealized gains
$
376

 
$
—

 
$
1,595

 
$
213

Other than temporary valuation impairment
$
16

 
$
—

 
$
16

 
$
2,718