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SUBSEQUENT EVENTS (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
0 Months Ended | ||||
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Feb. 27, 2013
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Jan. 31, 2013
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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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| Subsequent Events Details Narrative | |||||
| Approximate principal balance of residential mortgage loans | $ 215,000,000 | $ 13,000,000 | |||
| 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% | ||
| Expected acquired interest in Excess MSRs | 67.00% | 67.00% | |||
| Nationstar's acquired interest in Excess MSRs | 33.00% | 33.00% | |||
| Fannie Mae/Freddic Mac first UPB closing | 58,000,000 | ||||
| Non-performing mortgage loan UPB | 83,000 | ||||
| Invested amount for non-performing mortgage loans | $ 35,000 | ||||
| Acquired Interest in non-performing mortgage loans | 70.00% | ||||
| Nationstar's acquired interest in non-performing mortgage loans | 30.00% | ||||
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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
he company entered into definitive agreements to acquire an investment in reverse mortgage loans with Nationstar. The company will obtain this percentage interest in the joint venture with Nationstar in non-performing residential mortgage loans. No definition available.
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- Definition
The company entered into definitive agreements to acquire an investment in reverse mortgage loans with Nationstar. Nationstar will obtain this percentage interest in the portfolio of non-performing 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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- 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 Excess MSRs on a portfolio of residential mortgage loans. No definition available.
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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. Nationstar will obtain this percentage interest in the Excess MSRs on a portfolio of residential mortgage loans. No definition available.
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- Definition
The value of the closing related to Excess MSRs (i.e. UPB) on loans that are owned, insured, or guaranteed by Frannie Mae or Freddie Mac. No definition available.
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- Definition
The total amount of investment that the company has invested in the joint venture to purchase non-performing mortgage loans. No definition available.
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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 estimated principal balance of the portfolio of residential mortgage loans behind the Excess MSRs. No definition available.
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- Definition
The company entered into definitive agreements to acquire an investment in reverse mortgage loans with Nationstar. Nationstar will obtain this percentage interest in the portfolio of non-performing residential mortgage loans. The estimated principal balance of the portfolio of non-performing mortgage loans. No definition available.
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- Details
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