Quarterly report pursuant to Section 13 or 15(d)

RECENT ACTIVITIES (Details Narrative)

v2.4.0.8
RECENT ACTIVITIES (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified
0 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended
Jun. 06, 2013
Apr. 09, 2013
Mar. 05, 2013
Mar. 31, 2013
May 15, 2013
Apr. 29, 2013
Dec. 31, 2012
Jun. 12, 2013
Non-Agency RMBS
Mar. 31, 2013
Non-Agency RMBS
Jun. 12, 2013
Agency RMBS
Jun. 03, 2013
Independent Directors
Mar. 31, 2013
Nonqualified Stock Option and Incentive Award Plan
Mar. 31, 2013
Consumer Loan Segment
Mar. 05, 2013
Affilate of Blackstone Tactical Opportunities Advisors LLC
Mar. 05, 2013
Springleaf Finance, Inc.
May 15, 2013
the Manager
Mar. 05, 2013
Consumer Loan Company
Dec. 31, 2012
Consumer Loan Company
Integer
May 20, 2013
Equity Method Investments
Excess MSRs
Dec. 31, 2012
Equity Method Investments
Excess MSRs
Unpaid principal balance of underlying loans                                   $ 4,200,000 $ 23,000,000 $ 58,000,000
Number of loans in portfolio                                   400,000    
Contributions to equity method investees                                 250,000      
Ownership percentage in equity method investees       50.00%                         30.00%      
Percentage of portfolio co-invested by other parties                           23.00% 47.00%   70.00%      
Purchase price of portfolio financed by asset-backed notes     2,200,000                                  
Purchase price of portfolio     3,000,000                                  
Professional fees                         2,500              
Repurchase agreements 47,000 144,000   915,058     150,922     267,000                    
Interest rate for repurchase agreements one-month LIBOR plus 160 bps one-month LIBOR plus 200 bps                                    
Basis spread of repurchase agreements 1.60% 2.00%                                    
Initial term ending   Jul. 09, 2013                                    
Weighted average advance rate 65.00% 70.00%                                    
Preferred stock, par value           $ 0.01                            
Preferred stock, shares authorized           100,000,000                            
Annual incentive compensation, percentage of dollar amount (percent)                               25.00%        
Simple interest rate per annum used in computing incentive compensation (percent)                               10.00%        
Increase in the number of shares for the Plan based upon newly issued common stock (percent)                       10.00%                
Percentage limitation of shares in relation to underlying options granted to managers (percent)                       10.00%                
Cash         181,600                              
Commitment to invest to acquire interest in Excess MSRs                                     40,200  
Common stock shares reserved under the plan                       30,000,000                
Stock options granted                     8,000                  
Exercise price of grants                     $ 6.79                  
Dividend declared (per share)       $ 0.07                                
Outstanding face amount       1,538,755 [1]       156,400 784,259 97,500                    
Payments to acquire securities               122,000   103,000                    
Agency RMBS contributed, face amount       754,500           265,600                    
Agency RMBS contributed, fair value                   $ 281,200                    
[1] The total outstanding face amount of fixed rate securities was $1.1 million, and of floating rate securities was $1.5 billion.