Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS EQUITY METHOD INVESTEES - Excess MSR Investments (Details 1)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS EQUITY METHOD INVESTEES - Excess MSR Investments (Details 1) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2014
MSRs Pool 11 [Member]
Mar. 31, 2014
MSR Pool 11 Recapture Agreement [Member]
Mar. 31, 2014
MSRs [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 6 [Member]
Jan. 04, 2013
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 6 [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSR Pool 6 Recapture Agreement [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 7 [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSR Pool 7 Recapture Agreement [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 8 [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSR Pool 8 Recapture Agreement [Member]
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees [Member]
MSR Pool 8 Recapture Agreement [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 9 [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSR Pool 9 Recapture Agreement [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 10 [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 10 [Member]
Lower Range [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 10 [Member]
Upper Range [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSR Pool 10 Recapture Agreement [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSR Pool 10 Recapture Agreement [Member]
Lower Range [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSR Pool 10 Recapture Agreement [Member]
Upper Range [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 11 [Member]
May 20, 2013
Excess Mortgage Servicing Rights Investees [Member]
MSRs Pool 11 [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSR Pool 11 Recapture Agreement [Member]
Mar. 31, 2014
Excess Mortgage Servicing Rights Investees [Member]
MSRs [Member]
Unpaid principal balance of underlying loans $ 444,667   $ 84,678,978   $ 9,628,238     $ 30,574,186   $ 13,547,232     $ 29,704,976   $ 66,582,388 [1]           $ 17,322,366     $ 167,359,386
Investee Interest in Excess MSR         66.70%   66.70% 66.70% 66.70% 66.70%   66.70% 66.70% 66.70%   66.70% [1] 77.00% [1] 0.00% 66.70% 77.00% 66.70%   66.70%  
Ownership percentage in equity method investees       50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%   50.00% 50.00% 50.00% 50.00% [1]     50.00%     50.00% 50.00% 50.00% 50.00%
Amortized Cost Basis 2,059 254 [2] 272,382   37,424 [3]   6,922 [3] 97,392 [3] 14,156 [3] 55,107 [3]   5,836 [3] 100,528 [3] 32,271 [3] 196,933 [1],[3]     13,658 [3]     41,804 [3]   22,849 [3] 624,880 [3]
Carrying Value $ 2,369 [4] $ 280 [4] $ 341,704 [4]   $ 46,261 [5]   $ 9,165 [5] $ 99,290 [5] $ 24,498 [5] $ 54,406 [5]   $ 13,050 [5] $ 125,876 [5] $ 31,743 [5] $ 194,571 [1],[5]     $ 7,304 [5]     $ 51,216 [5]   $ 16,338 [5] $ 673,718 [5]
Weighted average yield 12.50% 12.50% 12.50%   12.50%   12.50% 12.50% 12.50% 12.50% 12.50%   12.50% 12.50% 12.50% [1]     12.50%     12.50%   12.50% 12.50%
Weighted average life (years) 6 years 7 months 6 days [6] 14 years [6] 5 years 9 months 18 days [6]   5 years 1 month 6 days [7]   12 years 1 month 6 days [7] 5 years 2 months 12 days [7] 12 years 4 months 24 days [7] 5 years 1 month 6 days [7] 12 years 1 month 6 days [7]   4 years 9 months 18 days [7] 12 years 1 month 6 days [7] 5 years 4 months 24 days [1],[7]     13 years 3 months 18 days [7]     5 years 8 months 12 days [7]   11 years 4 months 24 days [7] 6 years 3 months 18 days [7]
[1] Pool in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR as of March 31, 2014 (Note 6).
[2] The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[3] Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[4] Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.
[5] Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.
[6] Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.
[7] The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.