Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT IN RESIDENTIAL MORTGAGE LOANS - Carrying Value of Residential Mortgage Loans (Details 1)

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INVESTMENT IN RESIDENTIAL MORTGAGE LOANS - Carrying Value of Residential Mortgage Loans (Details 1) (Residential Mortgage Loans Held-for-Investment [Member], USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Residential Mortgage Loans Held-for-Investment [Member]
 
Balance, beginning $ 33,539
Proceeds from repayments (50)
Accretion of loan discount and other amortization 720
Valuation allowance (164)
Balance, ending $ 34,045 [1],[2]
[1] Represents a 70% interest New Residential holds in the reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.3 million.
[2] 80% of these loans have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.