Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Level 3 Rollforward (Details 1)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Level 3 Rollforward (Details 1) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2014
Mar. 31, 2014
Level 3 Inputs [Member]
Mar. 31, 2014
Recurring Basis [Member]
Level 3 Inputs [Member]
Mar. 31, 2014
Recurring Basis [Member]
Level 3 Inputs [Member]
Linked Transactions Nonhedge Derivative [Member]
Mar. 31, 2014
Recurring Basis [Member]
Level 3 Inputs [Member]
Non-Agency RMBS [Member]
Mar. 31, 2014
Recurring Basis [Member]
Level 3 Inputs [Member]
Servicer Advances [Member]
Mar. 31, 2014
Recurring Basis [Member]
Level 3 Inputs [Member]
Excess Mortgage Servicing Rights Investees [Member]
MSRs Agency [Member]
Mar. 31, 2014
Recurring Basis [Member]
MSRs Agency [Member]
Level 3 Inputs [Member]
Mar. 31, 2014
Recurring Basis [Member]
MSRs Agency [Member]
Level 3 Inputs [Member]
Excess Mortgage Servicing Rights Investees [Member]
Dec. 31, 2013
Recurring Basis [Member]
MSRs Agency [Member]
Level 3 Inputs [Member]
Excess Mortgage Servicing Rights Investees [Member]
Mar. 31, 2014
Recurring Basis [Member]
MSRs Non-Agency [Member]
Level 3 Inputs [Member]
Mar. 31, 2014
Recurring Basis [Member]
MSRs Non-Agency [Member]
Level 3 Inputs [Member]
Excess Mortgage Servicing Rights Investees [Member]
Balance, beginning   $ 5,364,238 $ 3,948,819 $ 35,926 $ 570,425 $ 2,665,551   $ 144,660 [1] $ 237,337 [1],[2] $ 245,399 [1],[2] $ 179,491 [1] $ 107,367 [1],[2]
Gains (losses) included in net income                        
Included in other-than-temporary impairment ("OTTI") on securities     (328) [3]   (328) [3]              
Included in change in fair value of investments in excess mortgage servicing rights     6,602 [3]         (545) [1],[3]     7,147 [1],[3]  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees     (2,853) [3]       (739) [1],[2],[3]         (2,114) [1],[2],[3]
Included in gain on settlement of investments 4,357   3,810 [3]   3,810 [3]              
Included in other income     671 [3] 671 [3]                
Included in comprehensive income (loss), net of tax     5,753 [4] 43 [4] 5,710 [4]              
Interest income     70,786   2,007 45,716 6,721 [1],[2] 4,747 [1]     9,069 [1] 2,526 [1],[2]
Purchases, sales and repayments                        
Purchases     3,097,251 9,758 863,291 2,205,070         19,132 [1]  
Purchase adjustments     (60)         (60) [1]        
Proceeds from sales     (249,949) (1,495) (248,454)              
Proceeds from repayments     (1,516,264) (632) (13,890) (1,458,952) (14,044) [1],[2] (8,937) [1]     (13,000) [1] (6,809) [1],[2]
Balance, ending   $ 5,364,238   $ 44,271 $ 1,182,571 $ 3,457,385   $ 139,865 [1] $ 237,337 [1],[2] $ 245,399 [1],[2] $ 201,839 [1] $ 100,970 [1],[2]
[1] Includes the Recapture Agreement for each respective pool.
[2] Amounts represent New Residential's portion of the Excess MSRs held by the respective joint ventures in which New Residential has a 50% interest.
[3] The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates.
[4] These gains (losses) were included in net unrealized gain (loss) on securities in the Consolidated Statements of Comprehensive Income.