Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME, ASSETS AND LIABILITIES (Tables)

v3.5.0.2
OTHER INCOME, ASSETS AND LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2016
Other Income Assets And Liabilities  
Schedule of Other Income
Other income (loss), net, is comprised of the following:
 
Three Months Ended September 30,
 
Nine Months Ended  
 September 30,
 
2016
 
2015
 
2016
 
2015
Unrealized gain (loss) on derivative instruments
$
26,962

 
$
(9,166
)
 
$
(8,504
)
 
$
(17,425
)
Unrealized gain (loss) on other ABS
724

 
(706
)
 
(226
)
 
(1,073
)
Gain (loss) on transfer of loans to REO
4,373

 
1,272

 
14,660

 
1,075

Gain (loss) on transfer of loans to other assets
2,743

 
314

 
3,021

 
143

Gain on Excess MSR recapture agreements
768

 
669

 
2,188

 
2,247

Other income (loss)
(2,597
)
 
6,069

 
2,319

 
5,001

 
$
32,973

 
$
(1,548
)
 
$
13,458

 
$
(10,032
)
Schedule of Gain (Loss) on Settlement of Investments
Gain (loss) on settlement of investments, net is comprised of the following:
 
Three Months Ended September 30,
 
Nine Months Ended  
 September 30,
 
2016
 
2015
 
2016
 
2015
Gain (loss) on sale of real estate securities, net
$
(679
)
 
$
24,454

 
$
15,072

 
$
31,230

Gain (loss) on sale of residential mortgage loans, net
8,537

 
226

 
9,142

 
31,808

Gain (loss) on settlement of derivatives
(24,839
)
 
(44,479
)
 
(70,307
)
 
(53,300
)
Gain (loss) on liquidated residential mortgage loans
(1,331
)
 
246

 
(1,603
)
 
492

Gain (loss) on sale of REO
2,207

 
(1,914
)
 
5,193

 
(9,751
)
Other gains (losses)
(974
)
 
(15
)
 
(1,787
)
 
(5,993
)
 
$
(17,079
)
 
$
(21,482
)
 
$
(44,290
)
 
$
(5,514
)
Schedule of Other Assets and Liabilities
Other assets and liabilities are comprised of the following:
 
Other Assets
 
 
 
Accrued Expenses
and Other Liabilities
 
September 30, 2016
 
December 31, 2015
 
 
 
September 30, 2016
 
December 31, 2015
Margin receivable, net
$
52,471

 
$
54,459

 
Interest payable
 
$
17,965

 
$
18,268

Other receivables
6,984

 
5,829

 
Accounts payable
 
33,727

 
18,650

Principal paydown receivable
1,834

 
795

 
Derivative liabilities (Note 10)
 
24,085

 
13,443

Receivable from government agency
63,204

 
68,833

 
Current taxes payable
 
3,678

 
1,573

Call rights
414

 
414

 
Due to servicers
 
8,975

 

Derivative assets (Note 10)
2,088

 
2,689

 
Other liabilities
 
5,026

 
6,112

Interest receivable
53,964

 
36,963

 
 
 
$
93,456

 
$
58,046

Ginnie Mae EBO servicer advance receivable, net
17,924

 
49,725

 
 
 
 
 
 
Due from servicers
17,788

 
5,064

 
 
 
 
 
 
Other assets
20,188

 
14,675

 
 
 
 
 
 
 
$
236,859

 
$
239,446

 
 
 
 
 
 
Schedule of Accretion 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,
 
 
2016
 
2015
Accretion of servicer advance interest income
 
$
257,877

 
$
256,045

Accretion of excess mortgage servicing rights income
 
106,848

 
87,874

Accretion of net discount on securities and loans(A)
 
164,806

 
35,239

Amortization of deferred financing costs
 
(13,889
)
 
(18,691
)
Amortization of discount on notes and bonds payable
 
(1,120
)
 

 
 
$
514,522

 
$
360,467


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