Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Interest income $ 97,587 $ 21,885 $ 261,733 $ 61,075
Interest expense 33,307 3,443 108,816 6,993
Net Interest Income 64,280 18,442 152,917 54,082
Impairment        
Other-than-temporary impairment (OTTI) on securities 0 0 943 3,756
Valuation provision on loans 1,134 0 1,591 0
Impairment 1,134 0 2,534 3,756
Net interest income after impairment 63,146 18,442 150,383 50,326
Other Income        
Change in fair value of investments in excess mortgage servicing rights 28,566 208 40,670 43,899
Change in fair value of investments in excess mortgage servicing rights, equity method investees 31,833 20,645 50,950 41,741
Change in fair value of investments in servicer advances 22,948 0 105,825 0
Earnings from investments in consumer loans, equity method investees 22,490 24,129 60,185 60,293
Gain on settlement of investments 938 11,213 57,834 11,271
Other income 15,289 0 19,539 0
Other Income 122,064 56,195 335,003 157,204
Operating Expenses        
General and administrative expenses 7,499 2,449 14,886 5,640
Management fee allocated by Newcastle 0 0 0 4,134
Management fee to affiliate 5,124 4,484 14,525 6,747
Incentive compensation to affiliate 10,910 4,470 33,111 5,348
Loan servicing expense 1,778 89 2,210 219
Operating Expenses 25,311 11,492 64,732 22,088
Income (Loss) Before Income Taxes 159,899 63,145 420,654 185,442
Income tax expense 7,801 0 29,483 0
Net Income (Loss) 152,098 63,145 391,171 185,442
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 25,726 0 92,524 0
Net Income (Loss) Attributable to Common Stockholders $ 126,372 $ 63,145 $ 298,647 $ 185,442
Net Income Per Share of Common Stock        
Basic (in usd per share) $ 0.89 $ 0.50 $ 2.22 $ 1.47
Diluted (in usd per share) $ 0.88 $ 0.49 $ 2.16 $ 1.45
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 141,211,580 126,536,394 134,814,020 126,520,766
Diluted (in shares) 144,166,601 129,944,643 137,972,639 128,274,974
Dividends Declared per Share of Common Stock $ 0.35 $ 0.35 $ 1.20 $ 0.49