Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Components of Funded Advances (Details)

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INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investment [Line Items]    
Total $ 8,182,400 $ 3,270,839
Servicer Advance Joint Venture [Member]    
Investment [Line Items]    
Total [1] 8,182,400 3,270,839
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]    
Investment [Line Items]    
Principal and interest advances 2,467,831 729,713
Escrow advances (taxes and insurance advances) 4,135,900 1,600,713
Foreclosure advances 1,674,954 772,066
Total [2] $ 8,278,685 $ 3,102,492
[1] Carrying value represents the fair value of the investments in servicer advances, including the basic fee component of the related MSRs.
[2] The following types of advances comprise the investments in servicer advances: June 30, 2015December 31, 2014Principal and interest advances$2,467,831$729,713Escrow advances (taxes and insurance advances)4,135,9001,600,713Foreclosure advances1,674,954772,066Total$8,278,685 $3,102,492