Quarterly report pursuant to Section 13 or 15(d)

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative)

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TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 0 Months Ended 9 Months Ended 1 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Jun. 27, 2013
Agency RMBS
Sep. 30, 2013
Agency RMBS
Nov. 07, 2013
Non-Agency RMBS
Sep. 30, 2013
Non-Agency RMBS
Sep. 30, 2013
The Manager
Sep. 30, 2013
Serviced by Nationstar
Non-Agency RMBS
Management fee rate (percent) 1.50%           1.50%  
Incentive compensation percentage             25.00%  
Interest rate for incentive compensation             10.00%  
Face amount of securities purchased     $ 22,700 $ 413,200 $ 194,300 $ 661,200    
Purchase of real estate securities (292,980)    1,200 437,300 126,600      
Outstanding face amount 2,054,797 [1]     1,203,293 [2],[3]   851,504   851,500
Unpaid principal balance of underlying loans               $ 11,500,000
[1] (G) The total outstanding face amount was $16.4 million for fixed rate securities and $2.0 billion for floating rate securities.
[2] (E) 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] (F) Amortized cost basis and carrying value include principal receivable of $10.7 million.