Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details)

v3.5.0.2
INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) - Excess MSRs [Member]
$ in Thousands
9 Months Ended
Sep. 30, 2016
USD ($)
Carrying Value of Investments in Excess MSRs  
Beginning balance $ 1,581,517 [1]
Purchases 0
Interest income 106,848
Other income 2,188
Proceeds from repayments (262,104)
Change in fair value (24,397)
Ending balance 1,404,052 [1]
Nationstar [Member]  
Carrying Value of Investments in Excess MSRs  
Beginning balance 698,304
Purchases 0
Interest income 47,049
Other income 2,188
Proceeds from repayments (111,999)
Change in fair value (9,521)
Ending balance 626,021
SLS [Member]  
Carrying Value of Investments in Excess MSRs  
Beginning balance 5,307 [2]
Purchases 0 [2]
Interest income (16) [2]
Other income 0 [2]
Proceeds from repayments (796) [2]
Change in fair value (86) [2]
Ending balance 4,409 [2]
Ocwen [Member]  
Carrying Value of Investments in Excess MSRs  
Beginning balance 877,906 [3]
Purchases 0 [3]
Interest income 59,815 [3]
Other income 0 [3]
Proceeds from repayments (149,309) [3]
Change in fair value (14,790) [3]
Ending balance $ 773,622 [3]
[1] Carrying Value represents the fair value of the pools or recapture agreements, as applicable.
[2] Specialized Loan Servicing LLC (“SLS”).
[3] Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS.