Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE SECURITIES - AVAILABLE FOR SALE (Details)

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INVESTMENTS IN REAL ESTATE SECURITIES - AVAILABLE FOR SALE (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Integer
Dec. 31, 2012
Outstanding face amount $ 1,987,853 [1]  
Amortized cost basis 1,740,025 [1]  
Gains - gross unrealized 34,716 [1]  
Losses - gross unrealized (15,502) [1]  
Carrying value 1,759,239 [1],[2] 289,756
Number of securities 164 [1]  
Weighted average rating BBB [1],[3]  
Weighted average coupon 2.12% [1]  
Weighted average yield 26.50% [1]  
Weighted average life (years) 3 years 4 months 24 days  
Agency RMBS
   
Outstanding face amount 1,059,950 [4],[5]  
Amortized cost basis 1,134,190 [4],[5]  
Gains - gross unrealized 1,430 [4],[5]  
Losses - gross unrealized (5,834) [4],[5]  
Carrying value 1,129,786 [2],[4],[5]  
Number of securities 66 [4],[5]  
Weighted average rating AAA [3],[4],[5]  
Weighted average coupon 33.00% [4],[5]  
Weighted average yield 14.70% [4],[5]  
Weighted average life (years) 3 years 2 months 12 days [4],[5],[6]  
Non-Agency RMBS
   
Outstanding face amount 927,903  
Amortized cost basis 605,835  
Gains - gross unrealized 33,286  
Losses - gross unrealized (9,668)  
Carrying value $ 629,453 [2]  
Number of securities 98  
Weighted average rating CC [3]  
Weighted average coupon 0.77%  
Weighted average yield 48.70%  
Weighted average life (years) 3 years 9 months 18 days  
Principal Subordination - Weighted Average 6.70% [7]  
[1] (G) The total outstanding face amount was $ 18.4 million for fixed rate securities and $ 1.97 billion for floating rate securities.
[2] (A) Fair value, which is equal to carrying value for all securities. See Note 9 regarding the estimation of fair value.
[3] (B) Represents the weighted average of the ratings of all securities in each asset type, expressed as an S&P equivalent rating. For each security rated by multiple rating agencies, the lowest rating is used. Ratings provided were determined by third party rating agencies, represent the most recent credit ratings available as of the reporting date and may not be current.
[4] (E) Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association ("Fannie Mae") or the Federal Home Loan Mortgage Corporation ("Freddie Mac").
[5] (F) Amortized cost basis and carrying value include principal receivable of $13.8 million.
[6] (C) The weighted average life is based on the timing of expected principal reduction on the assets.
[7] (D) Percentage of the outstanding face amount of securities and residual interests that is subordinate to New Residential?s investments.