Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Reverse Mortgage Loans (Details 7)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Reverse Mortgage Loans (Details 7) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Valuation allowance/(reversal) in current year $ 164
Reverse Mortgage Loans [Member]
 
Outstanding face amount 57,818 [1]
Carrying value 34,045
Fair value 34,045
Valuation allowance/(reversal) in current year $ 164
Discount rate 10.30%
Weighted average life (years) 3 years 7 months 6 days [2]
[1] Represents a 70% interest New Residential holds in the reverse mortgage loans.
[2] The weighted average life is based on the expected timing of the receipt of cash flows.