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INVESTMENTS IN EQUITY METHOD INVESTEES (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
0 Months Ended | 3 Months Ended | 0 Months Ended | |||
|---|---|---|---|---|---|---|
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Mar. 05, 2013
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Mar. 31, 2013
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Mar. 31, 2012
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Jan. 31, 2013
Equity Method Investments
MSRs
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Jan. 06, 2013
Equity Method Investments
MSRs
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Jan. 04, 2013
Equity Method Investments
MSRs
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| Deposits related to investments which have not closed | $ 20,800 | |||||
| Pool of Residential Mortgage Loans Principal Balance | 58,000,000 | 215,000,000 | 13,000,000 | |||
| Contributions to equity method investees | (250,000) | (109,588) | 28,900 | |||
| Percentage of Excess MSRs owned by Nationstar | 33.00% | 33.00% | ||||
| Percentage of principal balance of residential mortgage loans non-conforming in private label securitizations | 53.00% | |||||
| Purchased MSR portfolio committed amount | 340,000 | |||||
| Cumulative contributions to joint ventures | $ 80,700 | |||||
| X | ||||||||||
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- Definition
The value of deposits in equity method investees related to investments that have not closed as of the balance sheet date. No definition available.
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- Definition
The pool of residential mortgage loans within MSR Portfolios. No definition available.
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- Definition
The oustanding purchase commitment for MSR Portfolios. No definition available.
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- Definition
The percentage of Excess MSRs that are owned by Nationstar in the Excess MSRs portfolio purchased via joint venture with the company's equity method investee. No definition available.
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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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- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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