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
3 Months Ended
Mar. 31, 2016
USD ($)
Carrying Value of Investments in Excess MSRs  
Beginning balance $ 1,581,517 [1]
Purchases 0
Interest income 42,968
Other income 732
Proceeds from repayments (86,139)
Change in fair value 7,926
Ending balance 1,547,004 [1]
Nationstar [Member]  
Carrying Value of Investments in Excess MSRs  
Beginning balance 698,304
Purchases 0
Interest income 19,435
Other income 732
Proceeds from repayments (37,676)
Change in fair value 3,527
Ending balance 684,322
SLS [Member]  
Carrying Value of Investments in Excess MSRs  
Beginning balance 5,307 [2]
Purchases 0 [2]
Interest income (7) [2]
Other income 0 [2]
Proceeds from repayments (272) [2]
Change in fair value (57)
Ending balance 4,971 [2]
Ocwen [Member]  
Carrying Value of Investments in Excess MSRs  
Beginning balance 877,906 [3]
Purchases 0 [3]
Interest income 23,540 [3]
Other income 0 [3]
Proceeds from repayments (48,191) [3]
Change in fair value 4,456
Ending balance $ 857,711 [3]
[1] Carrying Value represents the fair value of the pools or recapture agreements, as applicable.
[2] Specialized Loan Servicing LLC (“SLS”).
[3] Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS.