Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Details)

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INCOME TAXES (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Current:        
Federal $ 1,677 $ 0 $ 4,130 $ 0
State and Local 1,285 0 2,868 0
Total Current Provision 2,962 0 6,998 0
Deferred:        
Federal 3,621 0 16,857 0
State and Local 1,218 0 5,628 0
Total Deferred Provision 4,839 0 22,485 0
Total Provision for Income Taxes 7,801 0 29,483 0
Servicer Advances
       
Servicing Assets at Fair Value [Line Items]        
Change in fair value of investments in servicer advances $ 105,800