Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding Inputs used in Valuing Excess MSRs Owned Directly and through Equity Method Investees (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding Inputs used in Valuing Excess MSRs Owned Directly and through Equity Method Investees (Details)
3 Months Ended
Mar. 31, 2016
[2]
MSRs [Member]  
Directly Held (Note 4)  
Prepayment Speed 10.00% [1]
Delinquency 4.10% [3]
Recapture Rate 13.80% [4]
Excess Mortgage Servicing Amount (bps) 17 [5]
Directly Held [Member]  
Directly Held (Note 4)  
Prepayment Speed 9.80% [1]
Delinquency 3.80% [3]
Recapture Rate 9.80% [4]
Excess Mortgage Servicing Amount (bps) 16 [5]
Directly Held [Member] | Agency [Member]  
Directly Held (Note 4)  
Prepayment Speed 9.80% [1]
Delinquency 3.80% [3]
Recapture Rate 28.80% [4]
Excess Mortgage Servicing Amount (bps) 21 [5]
Directly Held [Member] | Agency [Member] | Original Pools [Member]  
Directly Held (Note 4)  
Prepayment Speed 10.50% [1]
Delinquency 3.50% [3]
Recapture Rate 31.50% [4]
Excess Mortgage Servicing Amount (bps) 21 [5]
Directly Held [Member] | Agency [Member] | Recaptured Pools [Member]  
Directly Held (Note 4)  
Prepayment Speed 7.50% [1]
Delinquency 4.80% [3]
Recapture Rate 20.00% [4]
Excess Mortgage Servicing Amount (bps) 20 [5]
Directly Held [Member] | Agency [Member] | Recapture Agreements [Member]  
Directly Held (Note 4)  
Prepayment Speed 7.60% [1]
Delinquency 5.00% [3]
Recapture Rate 20.00% [4]
Excess Mortgage Servicing Amount (bps) 22 [5]
Directly Held [Member] | Non-Agency [Member]  
Directly Held (Note 4)  
Prepayment Speed 9.80% [1],[6]
Recapture Rate 2.60% [4],[6]
Excess Mortgage Servicing Amount (bps) 14 [5],[6]
Directly Held [Member] | Non-Agency [Member] | Original Pools [Member]  
Directly Held (Note 4)  
Prepayment Speed 11.80% [1],[6]
Recapture Rate 10.30% [4],[6]
Excess Mortgage Servicing Amount (bps) 14 [5],[6]
Directly Held [Member] | Non-Agency [Member] | Recaptured Pools [Member]  
Directly Held (Note 4)  
Prepayment Speed 7.80% [1],[6]
Recapture Rate 20.00% [4],[6]
Excess Mortgage Servicing Amount (bps) 20 [5],[6]
Directly Held [Member] | Non-Agency [Member] | Recapture Agreements [Member]  
Directly Held (Note 4)  
Prepayment Speed 7.50% [1],[6]
Recapture Rate 19.80% [4],[6]
Excess Mortgage Servicing Amount (bps) 20 [5],[6]
Directly Held [Member] | Non-Agency [Member] | Ocwen Serviced Pools [Member]  
Directly Held (Note 4)  
Prepayment Speed 9.30% [1],[6]
Recapture Rate 0.00% [4],[6]
Excess Mortgage Servicing Amount (bps) 14 [5],[6]
Held through Equity Method Investees [Member]  
Directly Held (Note 4)  
Prepayment Speed 10.60% [1]
Delinquency 5.50% [3]
Recapture Rate 29.20% [4]
Held through Equity Method Investees [Member] | Agency [Member]  
Directly Held (Note 4)  
Excess Mortgage Servicing Amount (bps) 21 [5]
Held through Equity Method Investees [Member] | Agency [Member] | Original Pools [Member]  
Directly Held (Note 4)  
Prepayment Speed 12.50% [1]
Delinquency 5.80% [3]
Recapture Rate 35.10% [4]
Excess Mortgage Servicing Amount (bps) 19 [5]
Held through Equity Method Investees [Member] | Agency [Member] | Recaptured Pools [Member]  
Directly Held (Note 4)  
Prepayment Speed 7.60% [1]
Delinquency 5.00% [3]
Recapture Rate 20.00% [4]
Excess Mortgage Servicing Amount (bps) 23 [5]
Held through Equity Method Investees [Member] | Agency [Member] | Recapture Agreements [Member]  
Directly Held (Note 4)  
Prepayment Speed 7.70% [1]
Delinquency 5.00% [3]
Recapture Rate 20.00% [4]
Excess Mortgage Servicing Amount (bps) 23 [5]
[1] Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2] Weighted by fair value of the portfolio.
[3] Projected percentage of mortgage loans in the pool for which the borrower will miss its mortgage payments.
[4] Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer.
[5] Weighted average total mortgage servicing amount in excess of the basic fee.
[6] For certain pools, the Excess MSR will be paid on the total UPB of the mortgage portfolio (including both performing and delinquent loans until REO). For these pools, no delinquency assumption is used.