Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)

v3.10.0.1
INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2018
USD ($)
loan
Dec. 31, 2017
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Weighted Average Life (Years) 1 year 8 days  
Unpaid Principal Balance $ 84,100,000  
Threshold period past due (in days) 60 days  
Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 665,939  
Carrying Value $ 620,303 $ 507,615
Loan Count | loan 8,968  
Weighted Average Yield 7.30%  
Weighted Average Life (Years) 4 years 11 months 23 days  
Floating Rate Loans as a % of Face Amount 16.80%  
Loan to Value Ratio (LTV) 79.40%  
Weighted Average Delinquency 7.10%  
Weighted Average FICO 672  
Purchased Credit Deteriorated Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 211,564  
Carrying Value $ 156,020 183,540
Loan Count | loan 1,828  
Weighted Average Yield 7.70%  
Weighted Average Life (Years) 3 years 1 month 1 day  
Floating Rate Loans as a % of Face Amount 15.90%  
Loan to Value Ratio (LTV) 85.60%  
Weighted Average Delinquency 75.50%  
Weighted Average FICO 595  
Residential Mortgage Loans, held-for-investment    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 877,503  
Carrying Value $ 776,323 691,155
Loan Count | loan 10,796  
Weighted Average Yield 7.40%  
Weighted Average Life (Years) 4 years 6 months 8 days  
Floating Rate Loans as a % of Face Amount 16.60%  
Loan to Value Ratio (LTV) 80.90%  
Weighted Average Delinquency 23.60%  
Weighted Average FICO 653  
Reverse Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 15,271  
Carrying Value $ 6,813 6,870
Loan Count | loan 41  
Weighted Average Yield 7.90%  
Weighted Average Life (Years) 4 years 10 months 27 days  
Floating Rate Loans as a % of Face Amount 10.10%  
Loan to Value Ratio (LTV) 135.10%  
Weighted Average Delinquency 70.00%  
Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 1,558,201  
Carrying Value $ 1,582,174 1,071,371
Loan Count | loan 13,155  
Weighted Average Yield 4.10%  
Weighted Average Life (Years) 4 years 3 months 19 days  
Floating Rate Loans as a % of Face Amount 55.60%  
Loan to Value Ratio (LTV) 62.00%  
Weighted Average Delinquency 3.90%  
Weighted Average FICO 713  
Non-Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 518,317  
Carrying Value $ 407,316 647,293
Loan Count | loan 4,605  
Weighted Average Yield 6.00%  
Weighted Average Life (Years) 2 years 10 months 9 days  
Floating Rate Loans as a % of Face Amount 17.90%  
Loan to Value Ratio (LTV) 89.70%  
Weighted Average Delinquency 73.20%  
Weighted Average FICO 589  
Residential Mortgage Loans, held-for-sale    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 2,091,789  
Carrying Value $ 1,996,303 1,725,534
Loan Count | loan 17,801  
Weighted Average Yield 4.60%  
Weighted Average Life (Years) 3 years 11 months 12 days  
Floating Rate Loans as a % of Face Amount 45.90%  
Loan to Value Ratio (LTV) 69.40%  
Weighted Average Delinquency 21.60%  
Weighted Average FICO 682  
Originated Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 514,516  
Carrying Value $ 524,863 0
Loan Count | loan 1,948  
Weighted Average Yield 4.90%  
Weighted Average Life (Years) 28 years 9 months 5 days  
Floating Rate Loans as a % of Face Amount 96.00%  
Loan to Value Ratio (LTV) 80.90%  
Weighted Average Delinquency 4.00%  
Weighted Average FICO 717  
Residential Mortgage Loans Held-for-Sale, At Fair Value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 514,516  
Carrying Value $ 524,863 $ 0
Loan Count | loan 1,948  
Weighted Average Yield 4.90%  
Weighted Average Life (Years) 28 years 9 months 5 days  
Floating Rate Loans as a % of Face Amount 96.00%  
Loan to Value Ratio (LTV) 80.90%  
Weighted Average Delinquency 4.00%  
Weighted Average FICO 717  
Reverse Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Interest in reverse mortgage loans 70.00%  
Unpaid principal balance $ 500  
Percentage of loans that have reached a termination event 52.00%  
Reverse Mortgage Loans | Nationstar    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Interest in reverse mortgage loans 30.00%  
Performing Loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 25,700  
Non-Performing Loans | Ginnie Mae    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance 56,500  
Non Agency Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Unpaid Principal Balance $ 124,400