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COMMITMENTS AND CONTINGENCIES (details) (USD $)
In Thousands, unless otherwise specified |
0 Months Ended | ||
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Jan. 06, 2013
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Jan. 04, 2013
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Dec. 31, 2012
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| Commitments And Contingencies Details | |||
| Committed Amount in purchase of MSRs | $ 340,000 | $ 27,300 | $ 27,300 |
| Acquired interest in joint venture with Nationstar | 50.00% | 50.00% | 50.00% |
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- Definition
The company entered into definitive agreements to acquire an investment in Excess MSRs in connection with Nationstar's acquisition of mortgage servicing assets from specific entities in connection with proposed sale of these assets. The company will obtain this percentage interest in the joint venture with Nationstar in servicing Excess MSRs on a portfolio of residential mortgage loans. No definition available.
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- Definition
The total amount of investment that the company has committed to invest in the joint venture to purchase excess MSRs. No definition available.
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- Details
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