Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2019
USD ($)
loan
Dec. 31, 2018
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Weighted Average Life (Years) 24 days  
Unpaid Principal Balance $ 74,500,000  
Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 584,801  
Carrying Value $ 547,196 $ 591,264
Loan Count | loan 8,018  
Weighted Average Yield 7.80%  
Weighted Average Life (Years) 4 years 7 months 6 days  
Floating Rate Loans as a % of Face Amount 20.20%  
Loan to Value Ratio (LTV) 73.00%  
Weighted Average Delinquency 9.90%  
Weighted Average FICO 646  
Purchased Credit Deteriorated Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 131,768  
Carrying Value $ 94,193 144,065
Loan Count | loan 1,183  
Weighted Average Yield 7.90%  
Weighted Average Life (Years) 3 years 3 months 18 days  
Floating Rate Loans as a % of Face Amount 19.00%  
Loan to Value Ratio (LTV) 87.00%  
Weighted Average Delinquency 60.40%  
Weighted Average FICO 592  
Total Residential Mortgage Loans, held-for-investment    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 716,569  
Carrying Value $ 641,389 735,329
Loan Count | loan 9,201  
Weighted Average Yield 7.80%  
Weighted Average Life (Years) 4 years 4 months 24 days  
Floating Rate Loans as a % of Face Amount 19.90%  
Loan to Value Ratio (LTV) 75.60%  
Weighted Average Delinquency 19.20%  
Weighted Average FICO 636  
Reverse Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 12,746  
Carrying Value $ 6,160 6,557
Loan Count | loan 32  
Weighted Average Yield 8.20%  
Weighted Average Life (Years) 5 years  
Floating Rate Loans as a % of Face Amount 10.20%  
Loan to Value Ratio (LTV) 147.80%  
Weighted Average Delinquency 65.00%  
Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 589,256  
Carrying Value $ 607,275 413,883
Loan Count | loan 8,352  
Weighted Average Yield 3.80%  
Weighted Average Life (Years) 4 years 1 month 6 days  
Floating Rate Loans as a % of Face Amount 70.80%  
Loan to Value Ratio (LTV) 52.50%  
Weighted Average Delinquency 5.30%  
Weighted Average FICO 665  
Non-Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 659,281  
Carrying Value $ 540,821 512,040
Loan Count | loan 5,112  
Weighted Average Yield 5.10%  
Weighted Average Life (Years) 3 years 3 months 18 days  
Floating Rate Loans as a % of Face Amount 12.10%  
Loan to Value Ratio (LTV) 79.40%  
Weighted Average Delinquency 62.50%  
Weighted Average FICO 542  
Total Residential Mortgage Loans, held-for-sale    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 1,261,283  
Carrying Value $ 1,154,256 932,480
Loan Count | loan 13,496  
Weighted Average Yield 4.50%  
Weighted Average Life (Years) 3 years 8 months 12 days  
Floating Rate Loans as a % of Face Amount 39.50%  
Loan to Value Ratio (LTV) 67.50%  
Weighted Average Delinquency 35.80%  
Weighted Average FICO 600  
Acquired Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 4,307,984  
Carrying Value $ 4,175,678 2,153,269
Loan Count | loan 28,285  
Weighted Average Yield 4.20%  
Weighted Average Life (Years) 7 years 10 months 24 days  
Floating Rate Loans as a % of Face Amount 2.50%  
Loan to Value Ratio (LTV) 71.60%  
Weighted Average Delinquency 14.40%  
Weighted Average FICO 625  
Originated Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 1,363,401  
Carrying Value $ 1,412,862 655,260
Loan Count | loan 5,008  
Weighted Average Yield 4.40%  
Weighted Average Life (Years) 28 years 8 months 12 days  
Floating Rate Loans as a % of Face Amount 5.60%  
Loan to Value Ratio (LTV) 82.10%  
Weighted Average Delinquency 8.20%  
Weighted Average FICO 643  
Total Residential Mortgage Loans, held-for-sale, at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 5,671,385  
Carrying Value $ 5,588,540 $ 2,808,529
Loan Count | loan 33,293  
Weighted Average Yield 4.20%  
Weighted Average Life (Years) 12 years 10 months 24 days  
Floating Rate Loans as a % of Face Amount 3.20%  
Loan to Value Ratio (LTV) 74.10%  
Weighted Average Delinquency 12.90%  
Weighted Average FICO 629  
Reverse Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Interest in reverse mortgage loans 70.00%  
Unpaid principal balance $ 600  
Percentage of loans that have reached a termination event 53.00%  
Reverse Mortgage Loans | Nationstar    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Interest in reverse mortgage loans 30.00%  
Performing Loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 23,000  
Non-Performing Loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance 46,200  
Non Agency Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 116,300