Quarterly report pursuant to Section 13 or 15(d)

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details)

v3.20.1
SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Investments in and Advances to Affiliates [Line Items]    
Servicer advance investments, at fair value [1] $ 515,574 $ 581,777
Face Amount of Notes and Bonds Payable 17,843,669  
Servicer Advance Investments | Servicer Advances    
Investments in and Advances to Affiliates [Line Items]    
UPB of Underlying Mortgages 30,043,832 31,442,267
Servicer advance investments, at fair value $ 461,723 $ 462,843
Servicer Advances to UPB of Underlying Residential Mortgage Loans 1.50% 1.50%
Face Amount of Notes and Bonds Payable $ 423,910 $ 443,248
Gross Loan-to-Value 88.00% 88.30%
Net Loan-to-Value 87.10% 87.20%
Gross Cost of Funds 1.70% 3.40%
Net Cost of Funds 1.70% 2.80%
[1] See Note 13 regarding consolidated VIEs.