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RECENT ACTIVITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 9 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Sep. 30, 2013
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Sep. 30, 2012
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Oct. 31, 2013
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Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
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Nov. 07, 2013
MSRs
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Nov. 07, 2013
MSRs
Excess Mortgage Servicing Rights Investees
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Nov. 07, 2013
MSRs
Excess Mortgage Servicing Rights Investees
GSE Residential Loans
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Nov. 07, 2013
MSRs
Excess Mortgage Servicing Rights Investees
PLS Residential Loans
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Nov. 07, 2013
MSRs Pool 10
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Sep. 30, 2013
MSRs Pool 10
Excess Mortgage Servicing Rights Investees
|
Nov. 07, 2013
Alpine Securitization Corp.
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Oct. 30, 2013
Alpine Securitization Corp.
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Sep. 30, 2013
Alpine Securitization Corp.
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Nov. 07, 2013
Non-Agency RMBS
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Sep. 30, 2013
Non-Agency RMBS
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| Face amount of securities purchased | $ 194,300 | $ 661,200 | |||||||||||||
| Purchase of real estate securities | (292,980) | 126,600 | |||||||||||||
| Face amount of securities sold | 52,500 | 153,500 | |||||||||||||
| Carrying value of securities sold | 31,500 | ||||||||||||||
| Proceeds from sale of real estate securities | 123,130 | 38,100 | 123,100 | ||||||||||||
| Gain on sale of real estate securities | 6,600 | 11,300 | |||||||||||||
| Repurchase agreements | 414,200 | 342,900 | |||||||||||||
| Default provision, percentage equity decline - 12 months | 50.00% | ||||||||||||||
| Default provision, percentage equity decline - 3 months | 35.00% | ||||||||||||||
| Indebtedness to tangible net worth provision ratio | 400.00% | ||||||||||||||
| Variable basis for interest rate | LIBOR | ||||||||||||||
| Spread on variable basis interest rate | 1.75% | ||||||||||||||
| Unpaid principal balance of underlying loans | 9,600,000 | 13,100,000 | 10,500,000 | 59,784,115 | |||||||||||
| Percentage ownership acquired in joint venture | 50.00% | 33.30% | 50.00% | ||||||||||||
| Percentage of Investment co-owned by Nationstar | 33.30% | ||||||||||||||
| Percentage of Investment owned by New Residential | 33.30% | ||||||||||||||
| Amount invested | 3,400 | 13,900 | |||||||||||||
| Amount committed to invest in joint venture | 32,300 | 23,300 | 4,100 | ||||||||||||
| Amount committed to invest in Excess MSRs | 700 | ||||||||||||||
| Unpaid principal balance of underlying mortgage | 1,300,000 | 10,100,000 | |||||||||||||
| Amount commited to be invested in non-performing loans | 106,600 | ||||||||||||||
| Face amount of non-performing loans committed to buy | $ 197,300 | ||||||||||||||