Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SERVICER ADVANCES - Components of Funded Advances (Details)

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INVESTMENTS IN SERVICER ADVANCES - Components of Funded Advances (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Dec. 17, 2013
Investment [Line Items]      
Servicer advances, Outstanding $ 3,214,113 $ 2,665,551  
Servicer Advance Joint Venture
     
Investment [Line Items]      
Servicer advances, Outstanding 3,214,113 [1] 2,665,551 [1] 3,200,000
Servicer Advance Joint Venture | Servicer Advances
     
Investment [Line Items]      
Principal and interest advances 792,875 1,516,715  
Escrow advances (taxes and insurance advances) 1,556,968 934,525  
Foreclosure advances 692,062 209,890  
Servicer advances, Outstanding $ 3,041,905 [2] $ 2,661,130 [2]  
[1] Carrying value represents the fair value of the investments in servicer advances, including the basic fee component of the related MSRs.
[2] The following types of advances comprise the investments in servicer advances: September 30, 2014December 31, 2013Principal and interest advances$792,875$1,516,715Escrow advances (taxes and insurance advances)1,556,968934,525Foreclosure advances692,062209,890 Total$3,041,905$2,661,130