Quarterly report pursuant to Section 13 or 15(d)

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative)

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TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified
6 Months Ended 0 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
The Manager
Jun. 27, 2013
Agency RMBS
Aug. 07, 2013
Agency RMBS
Jun. 30, 2013
Agency RMBS
Aug. 07, 2013
Non-Agency RMBS
Jun. 30, 2013
Non-Agency RMBS
Jun. 30, 2013
Non-Agency RMBS
Serviced by Nationstar
Management fee rate (percent) 1.50%   1.50%            
Incentive compensation percentage     25.00%            
Interest rate for incentive compensation     10.00%            
Face amount of securities purchased       $ 22,700 $ 8,000 $ 156,300 $ 15,800 $ 547,500  
Purchase of real estate securities (265,100)      1,200 8,300 165,200 14,400 362,400  
Outstanding face amount 1,987,853 [1]         1,059,950 [2],[3]   927,903 719,500
Unpaid principal balance of underlying loans                 $ 8,100,000
[1] (G) The total outstanding face amount was $ 18.4 million for fixed rate securities and $ 1.97 billion for floating rate securities.
[2] (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").
[3] (F) Amortized cost basis and carrying value include principal receivable of $13.8 million.