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VARIABLE INTEREST ENTITIES RSO Cash Flow Detail (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net income $ 1,375,000 $ 3,442,000 $ 1,113,000 $ 496,000 $ (1,534,000) $ (2,267,000) $ 30,211,000 $ (2,382,000) $ 6,426,000 $ 24,028,000 $ (13,064,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:                      
Provision for loan losses       1,000,000 4,500,000 6,300,000 5,700,000        
Other-than-temporary impairment on investments                 214,000 74,000  
Equity in earnings (losses) of unconsolidated entities                 (5,389,000) (4,083,000) (9,507,000)
CASH FLOWS FROM INVESTING ACTIVITIES:                      
Subtotal - principal payments and proceeds from sales received by consolidated VIE - RSO, before eliminations                 1,348,597,000    
Increase in restricted cash of consolidated VIE - RSO                 22,248,000    
Capital expenditures                 (2,730,000)    
Other investing activity of consolidated VIE - RSO                 (30,446,000)    
Payments on borrowings:                      
Subtotal - net (repayments) borrowings of debt by consolidated VIE - RSO                 (420,107,000)    
Dividends paid                 (1,988,000)    
Net proceeds from issuances of common stock (net of offering costs of $3,837, $2,165 and $1,263)                 1,252,000    
Other consolidated VIE -RSO financing activity                 67,000    
Increase (decrease) in cash                 7,954,000 (904,000) (1,727,000)
Cash, beginning of year       11,899,000       12,803,000 11,899,000 12,803,000 14,530,000
Cash, end of year 19,853,000       11,899,000       19,853,000 11,899,000 12,803,000
SUPPLEMENTAL DISCLOSURE:                      
Interest expense paid in cash                 1,690,000 1,980,000 10,745,000
Income taxes paid in cash                 1,651,000 1,367,000 1,063,000
RSO [Member]
                     
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net income                 46,453,000 64,443,000 37,716,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:                      
Provision for loan losses                 3,020,000 16,818,000 13,896,000
Depreciation of investments in real estate and other                 1,946,000 1,838,000 729,000
Amortization of intangible assets                 1,970,000 4,047,000 3,890,000
Amortization of term facilities                 1,395,000 957,000 570,000
Accretion of net discounts on loans held for investment                 (9,521,000) (17,817,000) (15,588,000)
Accretion of net discounts on securities available-for-sale                 (2,712,000) (3,177,000) (3,698,000)
Amortization of discount on notes of securitizations                 14,524,000 2,470,000 274,000
Amortization of debt issuance costs on notes of securitizations                 7,426,000 4,700,000 3,341,000
Amortization of stock-based compensation                 10,472,000 4,636,000 2,526,000
Amortization of terminated derivative instruments                 339,000 227,000 227,000
Accretion of interest-only available-for-sales securities                 (1,005,000) (719,000) 0
Distribution accrued to preferred stockholders                 (7,221,000) (1,244,000) 0
Deferred income tax benefits                 (6,710,000) 2,329,000 (399,000)
Purchase of mortgage loans held for sale                 (60,514,000) 0 0
Payments on mortgage loans held for sale                 3,000 0 0
Proceeds from sale of mortgage loans held for sale                 60,365,000 0 0
Purchase of securities, trading                 (11,044,000) (8,348,000) (38,904,000)
Principal payments on securities, trading                 4,309,000 1,027,000 643,000
Proceeds from sales of securities, trading                 19,696,000 33,579,000 18,131,000
Net realized and unrealized loss (gain) on investment securities, trading                 324,000 (12,435,000) (837,000)
Net realized gains on sales of investment securities available-for-sale and loans                 (10,986,000) (4,106,000) (2,643,000)
Gain on early extinguishment of debt                 0 (16,699,000) (3,875,000)
Gain on sale of real estate                 (16,616,000) 0 0
Other-than-temporary impairment on investments                 855,000 180,000 6,898,000
Gain on consolidation                 0 (2,498,000) 0
Linked Transactions fair value adjustments                 6,018,000 (168,000) 0
Equity in earnings (losses) of unconsolidated entities                 (949,000) 2,709,000 (112,000)
Adjust for impact of imputed interest on VIE accounting                 0 1,879,000 0
Changes in operating assets and liabilities                      
Decrease (increase) in restricted cash                 8,445,000 (2,062,000) (5,628,000)
(Increase) decrease in interest receivable, net of purchased interest                 (1,108,000) 987,000 (2,513,000)
Decrease (increase) in principal paydowns receivable                 18,749,000 (25,465,000) 363,000
(Decrease) increase in management fee payable                 (6,357,000) 3,929,000 974,000
(Decrease) increase in security deposits                 (337,000) 25,000 80,000
(Decrease) increase in accounts payable and accrued liabilities                 (9,106,000) 7,573,000 15,370,000
(Decrease) increase in accrued interest expense                 (1,445,000) (193,000) 1,696,000
Decrease (increase) in other assets                 7,259,000 (20,007,000) (520,000)
Subtotal - consolidated VIE - RSO operating activity                 21,484,000 (25,028,000) (5,109,000)
Change in consolidated VIE - RSO cash for the period                 (176,992,000) (42,162,000) (13,628,000)
Change in cash attributable to operations of consolidated VIE - RSO                 (156,220,000) (66,258,000) (16,558,000)
Non-cash incentive compensation to RAI                 0 0 0
Net cash provided by operating activities (excluding eliminations)                 68,421,000 40,883,000 33,037,000
CASH FLOWS FROM INVESTING ACTIVITIES:                      
Purchase of loans                 (725,657,000) (649,983,000) (970,309,000)
Purchase of securities available-for-sale                 (136,282,000) (119,779,000) (117,044,000)
Purchase of loans and investments                 (861,939,000) (769,762,000) (1,072,132,000)
Principal payments received on loans                 571,914,000 570,276,000 424,600,000
Proceeds from sale of loans                 674,977,000 173,378,000 212,042,000
Principal payments on securities available-for-sale                 52,812,000 47,284,000 11,810,000
Proceeds from sale of securities available-for-sale                 11,893,000 28,652,000 13,747,000
Proceeds from sale of real estate held-for-sale                 37,001,000 2,886,000 1,464,000
Increase in restricted cash of consolidated VIE - RSO                 22,248,000 50,756,000 31,014,000
Acquisition of Primary Capital Advisors, LC                 (7,613,000) 0 0
Investment in unconsolidated entity                 (28,034,000) 474,000 (4,762,000)
Equity contribution to VIE                 0 (710,000) 0
Minority interest equity                 5,531,000 114,000 0
Improvement of real estate held-for-sale                 (404,000) (138,000) 0
Purchase of investments in real estate                 0 0 (19,299,000)
Distributions from investments in real estate                 1,094,000 1,152,000 0
Improvements in investments in real estate                 (365,000) (3,878,000) 0
Purchase of intangible asset                 0 0 (21,213,000)
Investment in loans - related parties                 (1,241,000) 0 (10,000,000)
Principal payments received on loans – related parties                 1,685,000 1,251,000 10,430,000
Purchase of furniture and fixtures                 (133,000) 0 0
Capital expenditures                 (373,000) 0 0
Investments in real estate assets                 0 0 (689,000)
Other investing activity of consolidated VIE - RSO                 (30,446,000) (1,782,000) (45,795,000)
Net cash provided by (used in) investing activities (excluding eliminations)                 479,053,000 101,735,000 (438,209,000)
Proceeds from borrowings:                      
Repurchase agreements                 15,226,000 71,121,000 55,852,000
Collateralized debt obligations                 0 0 323,244,000
CRE Securitization                 260,840,000 0 0
6.0% Convertible senior notes                 115,000,000 0 0
Mortgage payable                 0 0 13,600,000
Payments on borrowings:                      
Collateralized debt obligations                 (797,573,000) (243,539,000) (21,428,000)
Mortgage payable                 (13,600,000) 0 0
Repurchase of issued bonds                 0 0 (6,125,000)
Retirement of debt                 0 (20,365,000) 0
Subtotal - net (repayments) borrowings of debt by consolidated VIE - RSO                 (420,107,000) (192,783,000) 365,143,000
Dividends paid                 (91,255,000) (71,876,000) (67,415,000)
Net proceeds from issuances of common stock (net of offering costs of $3,837, $2,165 and $1,263)                 114,454,000 55,502,000 46,347,000
Net proceeds from dividend reinvestment and stock purchase plan (net of offering costs of $0, $19 and $11)                 19,211,000 73,044,000 83,564,000
Subtotal - net proceeds from issuance of stock by consolidated VIE                 189,991,000 171,056,000 129,911,000
Payment of debt issuance costs                 (9,786,000) (586,000) (6,385,000)
Payment of equity to third party sub-note holders                 (30,709,000) (3,480,000) 0
Distributions paid on preferred stock                 (6,413,000) (613,000) 0
Other consolidated VIE -RSO financing activity                 (46,703,000) (4,679,000) (6,385,000)
Net cash (used in) provided by financing activities (excluding eliminations)                 (370,482,000) (100,456,000) 418,800,000
Increase (decrease) in cash                 176,992,000 42,162,000 13,628,000
Cash, beginning of year       85,278,000       43,116,000 85,278,000 43,116,000 29,488,000
Cash, end of year 262,270,000       85,278,000       262,270,000 85,278,000 43,116,000
SUPPLEMENTAL DISCLOSURE:                      
Interest expense paid in cash                 41,453,000 41,369,000 32,596,000
Income taxes paid in cash                 10,710,000 22,758,000 0
RSO [Member] | Redeemable Preferred Stock Series A [Member]
                     
Payments on borrowings:                      
Proceeds from issuance of redeemable preferred shares, net of offering costs                 112,000 16,411,000 0
RSO [Member] | Redeemable Preferred Stock Series B [Member]
                     
Payments on borrowings:                      
Proceeds from issuance of redeemable preferred shares, net of offering costs                 56,214,000 26,099,000 0
Reportable Legal Entities [Member] | RSO [Member]
                     
Changes in operating assets and liabilities                      
Change in cash attributable to operations of consolidated VIE - RSO                 (155,508,000) (67,190,000) (18,737,000)
Non-cash incentive compensation to RAI                 484,000 1,468,000 430,000
CASH FLOWS FROM INVESTING ACTIVITIES:                      
Purchase of loans and investments                 (861,939,000) (769,762,000) (1,087,353,000)
Subtotal - principal payments and proceeds from sales received by consolidated VIE - RSO, before eliminations                 1,348,597,000 822,476,000 663,663,000
Other investing activity of consolidated VIE - RSO                 (29,853,000) (1,735,000) (45,533,000)
Payments on borrowings:                      
Dividends paid                 (93,458,000) (74,050,000) (69,869,000)
Other consolidated VIE -RSO financing activity                 (46,908,000) (4,679,000) (6,385,000)
Consolidation, Eliminations [Member]
                     
Adjustments to reconcile net income (loss) to net cash used in operating activities:                      
Other-than-temporary impairment on investments                 0 0  
Equity in earnings (losses) of unconsolidated entities                 0 0 0
Consolidation, Eliminations [Member] | RSO [Member]
                     
Changes in operating assets and liabilities                      
Change in cash attributable to operations of consolidated VIE - RSO                 (712,000) 932,000 2,179,000
Non-cash incentive compensation to RAI                 (484,000) (1,468,000) (430,000)
CASH FLOWS FROM INVESTING ACTIVITIES:                      
Purchase of loans and investments                 0 0 15,221,000
Other investing activity of consolidated VIE - RSO                 (593,000) (47,000) (262,000)
Payments on borrowings:                      
Dividends paid                 2,203,000 2,174,000 2,454,000
Other consolidated VIE -RSO financing activity                 $ 205,000 $ 0 $ 0