Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) - Excess MSRs [Member]
$ in Thousands
6 Months Ended
Jun. 30, 2015
USD ($)
Carrying Value of Investments in Excess MSRs  
Beginning balance [1] $ 417,733
Transfers from indirect ownership 98,258
Purchases 1,048,629
Interest income 49,397
Other income 1,577
Proceeds from repayments (109,767)
Change in fair value (1,405)
Ending balance [1] 1,504,422
Nationstar [Member]  
Carrying Value of Investments in Excess MSRs  
Beginning balance 409,076
Transfers from indirect ownership 98,258
Purchases 129,098
Interest income 29,297
Other income 1,577
Proceeds from repayments (59,821)
Change in fair value 2,993
Ending balance 610,478
SLS [Member]  
Carrying Value of Investments in Excess MSRs  
Beginning balance [2] 8,657
Transfers from indirect ownership 0
Purchases 0
Interest income 192
Other income 0
Proceeds from repayments (660)
Change in fair value (1,459)
Ending balance [2] 6,730
Ocwen [Member]  
Carrying Value of Investments in Excess MSRs  
Beginning balance [3] 0
Transfers from indirect ownership 0
Purchases 919,531
Interest income 19,908
Other income 0
Proceeds from repayments (49,286)
Change in fair value (2,939)
Ending balance [3] $ 887,214
[1] Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.
[2] Specialized Loan Servicing LLC (“SLS”). See Note 6 for a description of the SLS Transaction.
[3] Ocwen services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS. See Note 1.