Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME, ASSETS AND LIABILITIES

v3.4.0.3
OTHER INCOME, ASSETS AND LIABILITIES
3 Months Ended
Mar. 31, 2016
Other Income Assets And Liabilities  
OTHER INCOME, ASSETS AND LIABILITIES
OTHER INCOME, ASSETS AND LIABILITIES
 
Other income (loss), net, is comprised of the following:
 
Three Months Ended March 31,
 
2016
 
2015
Unrealized gain (loss) on derivative instruments
$
(22,303
)
 
$
(7,030
)
Unrealized gain (loss) on other ABS
268

 
(290
)
Gain (loss) on transfer of loans to REO
2,483

 
(544
)
Gain on Excess MSR recapture agreements
732

 
730

Other income (loss)
4,325

 
(1,276
)
 
$
(14,495
)
 
$
(8,410
)

 
Gain (loss) on settlement of investments, net is comprised of the following:
 
Three Months Ended March 31,
 
2016
 
2015
Gain (loss) on sale of real estate securities, net
$
16,133

 
$
24,697

Gain (loss) on sale of residential mortgage loans, net
109

 
20,830

Gain (loss) on settlement of derivatives
(32,633
)
 
(22,590
)
Gain (loss) on liquidated residential mortgage loans

 
400

Gain (loss) on sale of REO
151

 
(5,636
)
Other gains (losses)
1,740

 
(2,934
)
 
$
(14,500
)
 
$
14,767



Other assets and liabilities are comprised of the following:
 
Other Assets
 
 
 
Accrued Expenses
and Other Liabilities
 
March 31, 2016
 
December 31, 2015
 
 
 
March 31, 2016
 
December 31, 2015
Margin receivable, net
$
63,273

 
$
54,459

 
Interest payable
 
$
19,988

 
$
18,268

Other receivables
16,305

 
10,893

 
Accounts payable
 
37,826

 
18,650

Principal paydown receivable
822

 
795

 
Derivative liabilities (Note 10)
 
34,942

 
13,443

Receivable from government agency
75,514

 
68,833

 
Current taxes payable
 
2,180

 
1,573

Call rights
414

 
414

 
Other liabilities
 
10,615

 
6,112

Derivative assets (Note 10)
1,720

 
2,689

 
 
 
$
105,551

 
$
58,046

Interest receivable
38,431

 
36,963

 
 
 
 
 
 
Ginnie Mae EBO servicer advance receivable, net
44,652

 
49,725

 
 
 
 
 
 
Other assets
11,895

 
14,675

 
 
 
 
 
 
 
$
253,026

 
$
239,446

 
 
 
 
 
 


As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following:
 
 
Three Months Ended March 31,
 
 
2016
 
2015
Accretion of servicer advance interest income
 
$
78,637

 
$
42,349

Accretion of excess mortgage servicing rights income
 
42,968

 
15,037

Accretion of net discount on securities and loans(A)
 
37,128

 
5,399

Amortization of deferred financing costs
 
(4,785
)
 
(1,440
)
Amortization of discount on notes and bonds payable
 
(278
)
 

 
 
$
153,670

 
$
61,345


(A)
Includes accretion of the accretable yield on PCD loans.