Annual report pursuant to Section 13 and 15(d)

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details)

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SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Investments in and Advances to Affiliates [Line Items]    
Outstanding Servicer Advances [1] $ 581,777 $ 735,846
Face Amount of Notes and Bonds Payable 35,650,844  
Corporate Joint Venture    
Investments in and Advances to Affiliates [Line Items]    
Outstanding Servicer Advances 462,843 620,050
Corporate Joint Venture | Servicer Advance Investments    
Investments in and Advances to Affiliates [Line Items]    
UPB of Underlying Mortgages 31,442,267 40,096,998
Outstanding Servicer Advances $ 462,843 $ 620,050
Servicer Advances to UPB of Underlying Residential Mortgage Loans 1.50% 1.50%
Face Amount of Notes and Bonds Payable $ 443,248 $ 574,117
Gross Loan-to-Value 88.30% 88.30%
Net Loan-to-Value 87.20% 87.20%
Gross Cost of Funds 3.40% 3.70%
Net Cost of Funds 2.80% 3.10%
[1]
See Note 14 regarding consolidated VIEs.