Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Inputs Servicer Advances (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Inputs Servicer Advances (Details)
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Fair Value Inputs, Equity, Quantitative Information [Line Items]    
Prepayment Speed 12.20% [1]  
Delinquency 7.10% [2]  
Mortgage Servicing Amount (bps) 17 [3]  
Servicer Advances
   
Fair Value Inputs, Equity, Quantitative Information [Line Items]    
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans 2.10% 2.70%
Prepayment Speed 11.70% 13.20%
Delinquency 16.60% 20.00%
Mortgage Servicing Amount (bps) 19.6 21.2
Discount Rate 5.50% 5.60%
[1] Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2] Projected percentage of mortgage loans in the pool that will miss their mortgage payments.
[3] Weighted average total mortgage servicing amount in excess of the basic fee.