Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3
INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)
$ in Thousands
9 Months Ended
Sep. 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  
Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 557,762  
Carrying Value $ 524,387 $ 591,264
Loan Count | loan 7,695  
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) 72.30%  
Weighted Average Delinquency 10.20%  
Weighted Average FICO 647  
Purchased Credit Deteriorated Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 124,238  
Carrying Value $ 89,270 144,065
Loan Count | loan 1,106  
Weighted Average Yield 7.90%  
Weighted Average Life (Years) 3 years 2 months 12 days  
Floating Rate Loans as a % of Face Amount 19.30%  
Loan to Value Ratio (LTV) 88.10%  
Weighted Average Delinquency 60.70%  
Weighted Average FICO 590  
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 $ 682,000  
Carrying Value $ 613,657 735,329
Loan Count | loan 8,801  
Weighted Average Yield 7.80%  
Weighted Average Life (Years) 4 years 4 months 24 days  
Floating Rate Loans as a % of Face Amount 20.10%  
Loan to Value Ratio (LTV) 75.20%  
Weighted Average Delinquency 19.40%  
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 $ 13,032  
Carrying Value $ 6,450 6,557
Loan Count | loan 32  
Weighted Average Yield 7.80%  
Weighted Average Life (Years) 5 years 3 months 18 days  
Floating Rate Loans as a % of Face Amount 10.10%  
Loan to Value Ratio (LTV) 151.60%  
Weighted Average Delinquency 65.10%  
Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 709,867  
Carrying Value $ 726,935 413,883
Loan Count | loan 10,798  
Weighted Average Yield 4.30%  
Weighted Average Life (Years) 4 years  
Floating Rate Loans as a % of Face Amount 62.40%  
Loan to Value Ratio (LTV) 54.30%  
Weighted Average Delinquency 5.90%  
Weighted Average FICO 688  
Non-Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 726,570  
Carrying Value $ 616,612 512,040
Loan Count | loan 5,562  
Weighted Average Yield 5.10%  
Weighted Average Life (Years) 3 years 3 months 18 days  
Floating Rate Loans as a % of Face Amount 12.00%  
Loan to Value Ratio (LTV) 80.70%  
Weighted Average Delinquency 68.70%  
Weighted Average FICO 594  
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 $ 1,449,469  
Carrying Value $ 1,349,997 932,480
Loan Count | loan 16,392  
Weighted Average Yield 4.80%  
Weighted Average Life (Years) 3 years 7 months 6 days  
Floating Rate Loans as a % of Face Amount 36.70%  
Loan to Value Ratio (LTV) 68.40%  
Weighted Average Delinquency 37.90%  
Weighted Average FICO 641  
Acquired Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 4,024,252  
Carrying Value $ 3,916,826 2,153,269
Loan Count | loan 26,236  
Weighted Average Yield 4.20%  
Weighted Average Life (Years) 7 years 4 months 24 days  
Floating Rate Loans as a % of Face Amount 2.00%  
Loan to Value Ratio (LTV) 71.10%  
Weighted Average Delinquency 15.30%  
Weighted Average FICO 622  
Originated Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 1,248,711  
Carrying Value $ 1,289,425 655,260
Loan Count | loan 4,465  
Weighted Average Yield 4.00%  
Weighted Average Life (Years) 28 years 7 months 6 days  
Floating Rate Loans as a % of Face Amount 4.00%  
Loan to Value Ratio (LTV) 77.60%  
Weighted Average Delinquency 29.20%  
Weighted Average FICO 672  
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 $ 5,272,963  
Carrying Value $ 5,206,251 $ 2,808,529
Loan Count | loan 30,701  
Weighted Average Yield 4.10%  
Weighted Average Life (Years) 12 years 6 months  
Floating Rate Loans as a % of Face Amount 2.50%  
Loan to Value Ratio (LTV) 72.70%  
Weighted Average Delinquency 18.60%  
Weighted Average FICO 634  
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 51.00%  
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 $ 37,800  
Non-Performing Loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance 27,700  
Non Agency Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 112,100