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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS AND CDO SERVICING RIGHTS (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2012
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Dec. 31, 2010
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Dec. 31, 2011
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Dec. 31, 2011
Restated
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Dec. 31, 2011
Excess MSRs Pool 1
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Dec. 31, 2012
Excess MSRs Pool 2
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Dec. 31, 2012
Excess MSRs Pool 3
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Dec. 31, 2012
Excess MSRs Pool 4
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Dec. 31, 2012
Excess MSRs Pool 5
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Dec. 31, 2012
Excess MSRs Pool 3,4,5 Consolidated
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| Pool of Residential Mortgage Loans Principal Balance | $ 9,900,000 | $ 10,400,000 | $ 9,800,000 | $ 6,300,000 | $ 47,600,000 | $ 63,700,000 | ||||
| Weighted Average Total Mortgage Servicing Amount Entitlement | 0.35% | |||||||||
| Nationstar MSR Agreement I fee | 0.06% | |||||||||
| Remainder/Excess MSRs | 0.29% | |||||||||
| Excess MSR amount on future mortgage loans | 65.00% | |||||||||
| Purchased MSR Portfolio I | 43,700 | 44,000 | 176,500 | |||||||
| Nationstar co-investment in MSR Portfolio I | 35.00% | |||||||||
| Purchased MSR Portfolio I, remaining payable | 100 | |||||||||
| Newcastle's share of termination payments | 65.00% | |||||||||
| Percentage of principal balance of residential mortgage loans non-conforming in private label securitizations | 75.00% | |||||||||
| Percentage of principal balance of residential mortgage loans conforming in GSE pools | 25.00% | |||||||||
| Acquisition of servicing rights | 100 | 2,268 | ||||||||
| Total collateral of portfolio | 1,300,000 | |||||||||
| Amortization of Servicing Rights | 300 | |||||||||
| Servicing Asset | $ 1,700 | |||||||||
| X | ||||||||||
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- Definition
Amortization of servicing rights in connection with the acquisition of management rights of CBASS. No definition available.
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| X | ||||||||||
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- Definition
The carrying value of the company's servicing asset in receivables and other assets. No definition available.
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| X | ||||||||||
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- Definition
The amount of collateral maintained against CDOs for which the company has servicing rights to. No definition available.
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| X | ||||||||||
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- Definition
The company has acquired the right to receive this percentage of the excess mortgage servicing amount on MSR Portfolio I in future loans. No definition available.
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| X | ||||||||||
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- Definition
The oustanding purchase price payable of MSR Portfolio I. No definition available.
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| X | ||||||||||
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- Definition
The pool of residential mortgage loans within MSR Portfolios. No definition available.
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| X | ||||||||||
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- Definition
The coinvestment percentage which Nationstar has entered into in Excess MSRs portfolio. No definition available.
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| X | ||||||||||
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- Definition
The agreed upon servicing fee (in bps) paid to Nationstar in return for performing all servicing and advancing functions for MSR Portfolio I. No definition available.
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| X | ||||||||||
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- Definition
The cash outflow to obtain servicing rights, which contractually entitle the servicer to receive fees and ancillary revenues for performing billing, collection, disbursement and recordkeeping services in connection with a mortgage portfolio. Rights may be obtained via (1) acquisition or assumption of a servicing obligation that does not relate to financial assets of the servicer or its consolidated affiliates; or (2) by originating mortgage loans and then (a) transferring the loans to a Variable Interest Entity (VIE) in a transaction that meets the necessary transfer and classification requirements, or (b) transferring the loans in a transaction that meets the requirements for sale accounting. No definition available.
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| X | ||||||||||
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- Definition
On March 6, 2012 the company entered into definitive agreements to acquire an investment in Excess MSRs in connection with Nationstar's acquisition of mortgage servicing assets from Aurora FSB, a subsidiary of Lehman Brothers Bancorp Inc. The percentage of loans that are conforming and securitized by GSE pools. No definition available.
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| X | ||||||||||
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- Definition
On March 6, 2012 the company entered into definitive agreements to acquire an investment in Excess MSRs in connection with Nationstar's acquisition of mortgage servicing assets from Aurora FSB, a subsidiary of Lehman Brothers Bancorp Inc. The percentage of loans that are non-conforming and securitized by private labels. No definition available.
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| X | ||||||||||
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- Definition
Purchase price of loans in the MSR Portfolio I. No definition available.
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| X | ||||||||||
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- Definition
The excess fee of the MSRs that is reverted to the company. No definition available.
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| X | ||||||||||
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- Definition
The company's pro rata share of any termination payments remitted in conjunction with Excess MSRs. No definition available.
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| X | ||||||||||
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- Definition
Nationstar's required average total mortgage servicing amount (in basis points) on teh unpaid principal balance an any ancillary income. No definition available.
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