Quarterly report pursuant to Section 13 or 15(d)

RECENT ACTIVITIES - Narrative (Details)

v3.2.0.727
RECENT ACTIVITIES - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Jul. 16, 2015
USD ($)
Jun. 11, 2015
USD ($)
May. 14, 2015
USD ($)
$ / shares
May. 11, 2015
USD ($)
May. 05, 2015
USD ($)
Apr. 16, 2015
USD ($)
Mar. 16, 2015
USD ($)
$ / shares
Jan. 16, 2015
USD ($)
Dec. 18, 2014
USD ($)
$ / shares
Aug. 09, 2015
USD ($)
agreement
Jun. 30, 2015
USD ($)
$ / shares
Jun. 30, 2014
$ / shares
Jun. 30, 2015
USD ($)
$ / shares
Jun. 30, 2014
USD ($)
$ / shares
Jan. 01, 2015
USD ($)
Dec. 31, 2014
Subsequent Event [Line Items]                                
Recovered existing servicer advances                         $ 6,587,781,000 $ 3,062,259,000    
Note payable                         138,400,000      
Decrease in restricted cash                         (32,737,000) (3,989,000)    
Face amount of debt                     $ 10,311,446,000   10,311,446,000      
Repayments of repurchase agreements                         $ 3,480,781,000 $ 2,274,155,000    
Notional amount of derivatives                             $ 32,400,000  
Dividend declared per share (in dollars per share) | $ / shares     $ 0.45       $ 0.38   $ 0.38   $ 0.45 $ 0.5 $ 0.83 $ 0.85    
Dividends     $ 89,500,000       $ 53,700,000   $ 53,700,000       $ 143,266,000      
Servicer Advance Joint Venture [Member]                                
Subsequent Event [Line Items]                                
Note payable                         $ 2,400,000,000      
Excess MSRs [Member]                                
Subsequent Event [Line Items]                                
Total servicer advances funded   $ 72,400,000   $ 26,900,000 $ 3,500,000 $ 2,600,000   $ 23,800,000                
Unpaid Principal Balance   $ 18,500,000,000   $ 8,900,000,000 $ 1,600,000,000     $ 8,400,000,000                
Excess MSRs [Member] | Freddie Mac [Member]                                
Subsequent Event [Line Items]                                
Percentage of Excess MSRs acquired       33.30%       33.30%                
Excess MSRs [Member] | Freddie Mac [Member] | Nationstar [Member]                                
Subsequent Event [Line Items]                                
Percentage of Excess MSRs acquired       33.30%       33.30%                
Excess MSRs [Member] | SLS [Member]                                
Subsequent Event [Line Items]                                
Percentage of Excess MSRs acquired                               50.00%
Subsequent Event [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                                
Subsequent Event [Line Items]                                
Number of interest rate swap agreements | agreement                   1            
Notional amount of derivatives                   $ 300,000,000            
Subsequent Event [Member] | Non-Agency RMBS [Member]                                
Subsequent Event [Line Items]                                
Face amount of securities purchased                   157,200,000            
Purchase of real estate securities financed with repurchase agreements                   114,100,000            
Face amount of instrument with extended maturity date                   490,800,000            
Subsequent Event [Member] | Non-Agency RMBS [Member] | Repurchase Agreements [Member]                                
Subsequent Event [Line Items]                                
Face amount of debt                   69,200,000            
Subsequent Event [Member] | Agency RMBS Repurchase Agreements [Member]                                
Subsequent Event [Line Items]                                
Face amount of instrument with extended maturity date                   206,900,000            
Subsequent Event [Member] | Agency RMBS Repurchase Agreements [Member] | Repurchase Agreements [Member]                                
Subsequent Event [Line Items]                                
Face amount of debt                   942,000,000            
Repayments of repurchase agreements                   955,100,000            
Subsequent Event [Member] | Servicer Advance Joint Venture [Member]                                
Subsequent Event [Line Items]                                
Total servicer advances funded                   277,400,000            
Recovered existing servicer advances                   457,500,000            
Note payable                   162,000,000            
Decrease in restricted cash                   400,000            
Subsequent Event [Member] | Nationstar [Member] | Servicer Advance Joint Venture [Member]                                
Subsequent Event [Line Items]                                
Nationstar payment made as contractual incentive fee                   3,800,000            
Subsequent Event [Member] | SLS [Member]                                
Subsequent Event [Line Items]                                
Total servicer advances funded                   25,800,000            
Recovered existing servicer advances                   44,900,000            
Note payable                   16,900,000            
Decrease in restricted cash                   50,000            
Subsequent Event [Member] | Ocwen [Member]                                
Subsequent Event [Line Items]                                
Total servicer advances funded                   1,300,000,000            
Recovered existing servicer advances                   1,700,000,000            
Note payable                   271,500,000            
Decrease in restricted cash                   $ 15,500,000            
Subsequent Event [Member] | Excess MSRs [Member]                                
Subsequent Event [Line Items]                                
Total servicer advances funded $ 2,400,000                              
Unpaid Principal Balance $ 800,000,000                              
Subsequent Event [Member] | Excess MSRs [Member] | Freddie Mac [Member]                                
Subsequent Event [Line Items]                                
Percentage of Excess MSRs acquired 33.30%                              
Subsequent Event [Member] | Excess MSRs [Member] | Freddie Mac [Member] | Nationstar [Member]                                
Subsequent Event [Line Items]                                
Percentage of Excess MSRs acquired 33.30%