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VARIABLE INTEREST ENTITIES BORROWINGS (Schedule of Debt) (Details) RSO - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Debt Instrument [Line Items]    
CDO notes $ 0 $ 0
RSO [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 1,853,054 1,734,901
Unamortized Issuance Costs and Discounts 25,593 18,030
Outstanding Borrowings $ 1,827,461 $ 1,716,871
Weighted Average Borrowing Rate 2.56% 2.09%
Weighted Average Remaining Maturity 10 years 7 months 6 days 10 years
Value of Collateral $ 2,335,628 $ 2,287,115
Interest Payable 5,467 2,123
RSO [Member] | RREF CDO 2006-1 Senior Notes [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 57,205 61,423
Unamortized Issuance Costs and Discounts 0 0
Outstanding Borrowings $ 57,205 $ 61,423
Weighted Average Borrowing Rate 2.28% 2.12%
Weighted Average Remaining Maturity 31 years 1 month 6 days 31 years 7 months 6 days
Value of Collateral $ 100,062 $ 139,242
RSO [Member] | RREF CDO 2007-1 Senior Notes [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 125,055 130,340
Unamortized Issuance Costs and Discounts 0 133
Outstanding Borrowings $ 125,055 $ 130,207
Weighted Average Borrowing Rate 1.19% 1.19%
Weighted Average Remaining Maturity 31 years 3 months 18 days 31 years 9 months 18 days
Value of Collateral $ 247,292 $ 271,423
RSO [Member] | RCC CRE Notes 2013 [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 148,115 226,840
Unamortized Issuance Costs and Discounts 2,329 2,683
Outstanding Borrowings $ 145,786 $ 224,157
Weighted Average Borrowing Rate 2.28% 2.11%
Weighted Average Remaining Maturity 13 years 6 months 14 years
Value of Collateral $ 192,666 $ 249,983
RSO [Member] | RCC CRE Notes 2014 [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 235,344 235,344
Unamortized Issuance Costs and Discounts 3,498 3,687
Outstanding Borrowings $ 231,846 $ 231,657
Weighted Average Borrowing Rate 1.48% 1.45%
Weighted Average Remaining Maturity 16 years 9 months 18 days 17 years 3 months 18 days
Value of Collateral $ 348,194 $ 346,585
RSO [Member] | RCC CRE Notes 2015 [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 282,127  
Unamortized Issuance Costs and Discounts 3,899  
Outstanding Borrowings $ 278,228  
Weighted Average Borrowing Rate 2.08%  
Weighted Average Remaining Maturity 16 years 8 months 12 days  
Value of Collateral $ 340,076  
RSO [Member] | Apidos CDO III Senior Notes [Member]    
Debt Instrument [Line Items]    
Principal Outstanding   74,646
Unamortized Issuance Costs and Discounts   0
Outstanding Borrowings   $ 74,646
Weighted Average Borrowing Rate   1.18%
Weighted Average Remaining Maturity   5 years 8 months 12 days
Value of Collateral   $ 85,553
RSO [Member] | Apidos Cinco CDO Senior Notes [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 208,893 255,664
Unamortized Issuance Costs and Discounts 0 201
Outstanding Borrowings $ 208,893 $ 255,463
Weighted Average Borrowing Rate 0.93% 0.81%
Weighted Average Remaining Maturity 4 years 10 months 24 days 5 years 4 months 24 days
Value of Collateral $ 229,238 $ 272,512
RSO [Member] | Moselle CLO S.A. Securitized Borrowings [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 159 5,619
Unamortized Issuance Costs and Discounts 0 0
Outstanding Borrowings 159 $ 5,619
Weighted Average Borrowing Rate   1.49%
Weighted Average Remaining Maturity   5 years
Value of Collateral 557 $ 0
RSO [Member] | Moselle CLO S.A. Senior Notes [Member]    
Debt Instrument [Line Items]    
Principal Outstanding   63,321
Unamortized Issuance Costs and Discounts   0
Outstanding Borrowings   $ 63,321
Weighted Average Borrowing Rate   1.49%
Weighted Average Remaining Maturity   5 years
Value of Collateral   $ 93,576
Interest Payable   20
CDO notes   63,300
RSO [Member] | Unsecured Junior Subordinated Debentures [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 51,548 51,548
Unamortized Issuance Costs and Discounts 240 343
Outstanding Borrowings $ 51,308 $ 51,205
Weighted Average Borrowing Rate 4.20% 4.19%
Weighted Average Remaining Maturity 21 years 3 months 18 days 21 years 9 months 18 days
Value of Collateral $ 0 $ 0
RSO [Member] | Six Percent Convertible Senior Notes [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 115,000 115,000
Unamortized Issuance Costs and Discounts 5,762 6,626
Outstanding Borrowings $ 109,238 $ 108,374
Weighted Average Borrowing Rate 6.00% 6.00%
Weighted Average Remaining Maturity 3 years 4 months 24 days 3 years 10 months 24 days
Value of Collateral $ 0 $ 0
RSO [Member] | Eight Percent Convertible Senior Notes [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 100,000  
Unamortized Issuance Costs and Discounts 5,170  
Outstanding Borrowings $ 94,830  
Weighted Average Borrowing Rate 8.00%  
Weighted Average Remaining Maturity 4 years 6 months  
Value of Collateral $ 0  
RSO [Member] | CRE - Term Repurchase Facility [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 174,928 207,640
Unamortized Issuance Costs and Discounts 1,204 1,958
Outstanding Borrowings $ 173,724 $ 205,682
Weighted Average Borrowing Rate 2.24% 2.43%
Weighted Average Remaining Maturity 18 days 20 days
Value of Collateral $ 273,686 $ 297,571
Interest Payable 187 198
RSO [Member] | Repurchase Agreements Debt [Member]    
Debt Instrument [Line Items]    
Principal Outstanding   24,967
Unamortized Issuance Costs and Discounts   0
Outstanding Borrowings   $ 24,967
Weighted Average Borrowing Rate   1.35%
Weighted Average Remaining Maturity   20 days
Value of Collateral   $ 30,180
RSO [Member] | CMBS - Term Repurchase Facilities [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 29,929  
Unamortized Issuance Costs and Discounts 0  
Outstanding Borrowings $ 29,929  
Weighted Average Borrowing Rate 1.38%  
Weighted Average Remaining Maturity 18 days  
Value of Collateral $ 34,330  
Interest Payable 13 12
RSO [Member] | Mortgages [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 96,580 102,576
Unamortized Issuance Costs and Discounts 0 0
Outstanding Borrowings $ 96,580 $ 102,576
Weighted Average Borrowing Rate 2.74% 2.78%
Weighted Average Remaining Maturity 62 days 207 days
Value of Collateral $ 128,465 $ 147,472
RSO [Member] | RMBS - Term Repurchase Facility [Member]    
Debt Instrument [Line Items]    
Principal Outstanding   22,248
Unamortized Issuance Costs and Discounts   36
Outstanding Borrowings   $ 22,212
Weighted Average Borrowing Rate   1.16%
Weighted Average Remaining Maturity   1 day
Value of Collateral   $ 27,885
Interest Payable 39 31
RSO [Member] | CMBS - Short Term Repurchase Agreements [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 77,171 44,225
Unamortized Issuance Costs and Discounts 0 0
Outstanding Borrowings $ 77,171 $ 44,225
Weighted Average Borrowing Rate 1.71% 1.63%
Weighted Average Remaining Maturity 20 days 17 days
Value of Collateral $ 113,381 $ 62,446
RSO [Member] | Revolving Credit Facility [Member]    
Debt Instrument [Line Items]    
Principal Outstanding   113,500
Unamortized Issuance Costs and Discounts 3,491 2,363
Outstanding Borrowings $ 147,509 $ 111,137
Weighted Average Borrowing Rate 3.05% 2.66%
Weighted Average Remaining Maturity 2 years 2 months 12 days 2 years 8 months 12 days
Value of Collateral $ 327,681 $ 262,687
Revolving Credit Facility [Member] | RSO [Member] | Revolving Credit Facility [Member]    
Debt Instrument [Line Items]    
Principal Outstanding 151,000  
Wells Fargo Bank, National Association [Member] | RCC Real Estate [Member] | CRE - Term Repurchase Facility [Member]    
Debt Instrument [Line Items]    
Outstanding Borrowings $ 1,200 $ 1,700
Wells Fargo Bank, National Association [Member] | Linked and Non-linked Transactions [Member] | CRE - Term Repurchase Facility [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate   2.38%
Amount at Risk   $ 76,148
Weighted Average Remaining Maturity   20 days
Wells Fargo Bank, National Association [Member] | Linked and Non-linked Transactions [Member] | RSO [Member] | CRE - Term Repurchase Facility [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate 2.24%  
Amount at Risk $ 99,791  
Weighted Average Remaining Maturity 18 days  
Wells Fargo Bank, National Association [Member] | Linked and Non-linked Transactions [Member] | RSO [Member] | CMBS - Term Repurchase Facilities [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate 1.38% 1.35%
Amount at Risk $ 4,024 $ 6,486
Weighted Average Remaining Maturity 18 days 20 days
Wells Fargo Bank, National Association [Member] | Linked and Non-linked Transactions [Member] | RSO [Member] | RMBS - Term Repurchase Facility [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate   1.16%
Amount at Risk   $ 5,017
Weighted Average Remaining Maturity   1 day
Deutsche Bank Securities, Inc [Member] | RCC Real Estate [Member]    
Debt Instrument [Line Items]    
Outstanding Borrowings $ 21 $ 268
Deutsche Bank Securities, Inc [Member] | Linked and Non-linked Transactions [Member] | CRE - Term Repurchase Facility [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate   2.78%
Amount at Risk   $ 13,017
Weighted Average Remaining Maturity   19 days
Repurchase Agreements [Member] | RSO [Member]    
Debt Instrument [Line Items]    
Principal Outstanding $ 377,404 $ 399,662
Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member] | RSO [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate 2.75% 2.75%
Repurchase Agreements [Member] | Wells Fargo Bank, National Association [Member] | Linked and Non-linked Transactions [Member] | RSO [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate 2.75% 2.75%
Amount at Risk $ 25,349 $ 6,902
Weighted Average Remaining Maturity 62 days 183 days
Repurchase Agreements [Member] | New Century Bank [Member] | Linked and Non-linked Transactions [Member] | RSO [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate 2.73% 2.82%
Amount at Risk $ 6,537 $ 853
Weighted Average Remaining Maturity 61 days 242 days
Repurchase Agreements [Member] | Deutsche Bank Securities, Inc [Member] | RSO [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate 1.64% 1.62%
Repurchase Agreements [Member] | Deutsche Bank Securities, Inc [Member] | Linked and Non-linked Transactions [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate 1.72%  
Amount at Risk $ 22,784  
Weighted Average Remaining Maturity 24 days  
Repurchase Agreements [Member] | Deutsche Bank Securities, Inc [Member] | Linked and Non-linked Transactions [Member] | RSO [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate   1.62%
Amount at Risk   $ 11,810
Weighted Average Remaining Maturity   20 days
Repurchase Agreements [Member] | Wells Fargo Securities, LLC [Member] | RSO [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate 1.72% 1.66%
Repurchase Agreements [Member] | Wells Fargo Securities, LLC [Member] | Linked and Non-linked Transactions [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate 1.64%  
Amount at Risk $ 13,236  
Weighted Average Remaining Maturity 11 days  
Repurchase Agreements [Member] | Wells Fargo Securities, LLC [Member] | Linked and Non-linked Transactions [Member] | RSO [Member]    
Debt Instrument [Line Items]    
Weighted Average Borrowing Rate   1.66%
Amount at Risk   $ 2,127
Weighted Average Remaining Maturity   9 days