Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE SECURITIES - AVAILABLE FOR SALE (Details)

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INVESTMENTS IN REAL ESTATE SECURITIES - AVAILABLE FOR SALE (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 3 Months Ended
Mar. 31, 2013
Integer
Dec. 31, 2012
Mar. 31, 2013
FNMA/FHLMC Securities
Integer
Mar. 31, 2013
Non-Agency RMBS
Integer
Jun. 12, 2013
Non-Agency RMBS
Outstanding face amount $ 1,538,755 [1]   $ 754,496 [2] $ 784,259 $ 156,400
Amortized cost basis 1,286,314 [1]   797,547 [2] 488,767  
Gains - gross unrealized 33,768 [1]   2,832 [2] 30,936  
Losses - gross unrealized (2,059) [1]   (924) [2] (1,135)  
Carrying value $ 1,318,023 [1],[3] $ 289,756 $ 799,455 [2],[3] $ 518,568 [3]  
Number of securities 95 [1]   42 [2] 53  
Weighted average rating BB+ [1],[4]   AAA [2],[4] CC [4]  
Weighted average coupon 1.95% [1]   3.29% [2] 0.67%  
Weighted average yield 3.26%   1.46% [2] 6.20%  
Weighted average maturity (years) 5 years 11 months [1],[5]   4 years 1 month [2],[5] 7 years 7 months [5]  
Principal Subordination - Weighted Average       7.70% [6]  
[1] The total outstanding face amount of fixed rate securities was $1.1 million, and of floating rate securities was $1.5 billion.
[2] Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association ("Fannie Mae") or the Federal Home Loan Mortgage Corporation ("Freddie Mac").
[3] Fair value, which is equal to carrying value for all securities. See Note 8 regarding the estimation of fair value.
[4] Represents the weighted average of the ratings of all securities in each asset type, expressed as an S and P equivalent rating. For each security rated by multiple rating agencies, the lowest rating is used. Ratings provided were determined by third party rating agencies as of a particular date, may not be current and are subject to change at any time.
[5] The weighted average maturity is based on the timing of expected principal reduction on the assets.
[6] Percentage of the outstanding face amount of securities and residual interests that is subordinate to New Residential's investments.