Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME, ASSETS AND LIABILITIES (Tables)

v2.4.0.8
OTHER INCOME, ASSETS AND LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2014
Other Income Assets And Liabilities  
Schedule of other income
Other income is comprised of the following:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Gain (loss) on derivative instruments
$
4,799

 
$

 
$
2,355

 
$

Gain (loss) on transfer of loans to REO
5,167

 

 
11,861

 

Fee earned on deal termination
5,000

 

 
5,000

 

Other income
323

 

 
323

 

 
$
15,289

 
$

 
$
19,539

 
$

Schedule of Gain on Settlement of Investments
Gain on settlement of investments is comprised of the following:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Gain on sale of real estate securities, net
$
3,668

 
$
11,213

 
$
65,444

 
$
11,271

Gain (loss) on sale of derivatives
(2,403
)
 

 
(6,186
)
 

Gain (loss) on liquidated residential
mortgage loans, held-for-investment
782

 

 
782

 

Gain (loss) on sale of REO
(159
)
 

 
(801
)
 

Other gains (losses)
(950
)
 

 
(1,405
)
 

 
$
938

 
$
11,213

 
$
57,834

 
$
11,271

Schedule of other assets and other liabilities
Other assets and liabilities are comprised of the following:
 
Other Assets
 
 
 
Accrued Expenses and Other Liabilities
 
September 30, 2014
 
December 31, 2013
 
 
 
September 30, 2014
 
December 31, 2013
Margin receivable, net
$
17,220

 
$
40,132

 
Interest payable
 
$
246

 
$
4,010

Interest and other receivables
8,530

 
7,548

 
Accounts payable
 
10,586

 
2,829

Deferred financing costs, net(A)
5,487

 
4,773

 
Derivative liability
 
345

 
18

Other assets
11,740

 
689

 
Current taxes payable
 
584

 

 
$
42,977

 
$
53,142

 
Other liabilities
 
19

 

 
 
 
 
 
 
 
$
11,780

 
$
6,857


(A)
Deferred financing costs is net of accumulated amortization of $8,443 and $768 as of September 30, 2014 and December 31, 2013, respectively.
Schedule of accretion of discount and other amortization
As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following:
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Accretion of servicer advance interest income
 
$
153,790

 
$

Accretion of excess mortgage servicing rights income
 
37,703

 
30,541

Accretion of net discount on securities and loans(A)
 
30,127

 
9,644

Amortization of deferred financing costs
 
(7,675
)
 
(29
)
 
 
$
213,945

 
$
40,156


(A)    Includes accretion of the accretable yield on PCI loans.