Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES - Schedule of Derivatives - Gain (Losses) (Details)

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DERIVATIVES - Schedule of Derivatives - Gain (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Derivative [Line Items]        
Unrealized gain (loss) on derivative instruments $ (1,229) $ (3,801) $ (8,259) $ (2,444)
Gain (loss) on settlement of derivatives 13,769 (3,648) (8,821) (3,783)
Total gains (losses) 12,540 (7,449) (17,080) (6,227)
Non-Performing Loans [Member]        
Derivative [Line Items]        
Unrealized gain (loss) on derivative instruments [1] 0 (985) 0 (314)
Real Estate Securities [Member]        
Derivative [Line Items]        
Unrealized gain (loss) on derivative instruments [1] 0 0 0 26
Gain (loss) on settlement of derivatives [1] 0 0 0 43
TBAs [Member]        
Derivative [Line Items]        
Unrealized gain (loss) on derivative instruments 1,754 (132) (1,800) 230
Gain (loss) on settlement of derivatives 12,529 (3,824) (3,504) (4,002)
Interest Rate Swap [Member]        
Derivative [Line Items]        
Unrealized gain (loss) on derivative instruments (1,737) (2,276) (5,089) (2,386)
Gain (loss) on settlement of derivatives 1,240 0 (5,317) 0
U.S.T. Short Position [Member]        
Derivative [Line Items]        
Unrealized gain (loss) on derivative instruments 0 (408) 0 0
Gain (loss) on settlement of derivatives 0 176 0 176
Interest Rate Cap [Member]        
Derivative [Line Items]        
Unrealized gain (loss) on derivative instruments $ (1,246) $ 0 $ (1,370) $ 0
[1] For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounted for as linked transactions are reflected as derivatives. Upon the adoption of ASU No. 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.