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INVESTMENT IN RESIDENTIAL MORTGAGE LOANS (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
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Dec. 31, 2012
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Feb. 27, 2013
Reverse Mortgage Loans
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Dec. 31, 2012
Reverse Mortgage Loans
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| Percentage of Investment co-owned by Nationstar | 30.00% | |||
| Percentage of Investment owned by New Residential | 70.00% | |||
| Unpaid principal balance of underlying reverse mortgage loans | $ 83,000 | |||
| Residential mortgage loans, held-for-investment | $ 33,060 | $ 35,000 |
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- Definition
The percentage of investment co-ownership by Nationstar. No definition available.
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- Definition
The percentage of investment ownership by New Residential. No definition available.
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- Definition
The unpaid principal balance of underlying loans. No definition available.
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- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of consumer loans, including, but not limited to, mortgage, home equity, vehicles, credit card, installment, and lease financing. Excludes loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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