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SPIN-OFF OF NEW RESIDENTIAL - Carrying Value of Assets and Liabilities Immediately Prior to Spin-Off (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
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Dec. 31, 2012
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May 15, 2013
New Residential Spin-Off
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| Assets: | ||||||||
| Real estate securities, available-for-sale | $ 825,499 | [1],[2] | $ 1,691,575 | $ 1,647,289 | ||||
| Residential mortgage loans, held-for-investment, net | 260,463 | 292,461 | 35,865 | |||||
| Investments in excess mortgage servicing rights at fair value | 229,936 | |||||||
| Investments in equity method investees | 57,384 | 392,469 | ||||||
| Cash & Cash Equivalents | 181,582 | |||||||
| Receivables and other assets | 37,844 | |||||||
| Total Assets | 245,069 | 2,524,985 | ||||||
| Liabilities: | ||||||||
| Repurchase agreements | 376,886 | 929,435 | 1,320,360 | |||||
| Accrued expenses and other liabilities | 25,266 | 15,931 | 642 | |||||
| Total Liabilities | 2,380 | 480 | 1,321,002 | |||||
| Net Assets | $ 1,203,983 | |||||||
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- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in excess Mortgage Servicing Rights. No definition available.
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- Definition
The net assets of discontinued operations, defined as total assets less total liabilities. No definition available.
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- Definition
Sum of the carrying values as of the balance sheet date of liabilities incurred and payable to vendors for goods and services received, and other costs not separately disclosed in the balance sheet that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. No definition available.
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- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for assets of a disposal group, including a component of the entity (discontinued operation), to be sold or that has been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For the disposal group, including a component of the entity (discontinued operation), cash includes currency on hand as well as demand deposits with banks or financial institutions. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For the disposal group, including a component of the entity (discontinued operation), carrying amount as of the balance sheet date of assets not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The obligations arising from the sale, disposal, or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of consumer loans, including, but not limited to, mortgage, home equity, vehicles, credit card, installment, and lease financing. Excludes loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security resale agreement between the entity and another party for the purchase and resale of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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