Quarterly report pursuant to Section 13 or 15(d)

SPIN-OFF OF NEW RESIDENTIAL - Results of Operations from Discontinued Operations (Details 2)

v2.4.0.8
SPIN-OFF OF NEW RESIDENTIAL - Results of Operations from Discontinued Operations (Details 2) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income $ 47,486 $ 72,947 $ 171,642 $ 223,765
Net interest income 26,931 44,536 106,379 135,727
Other Income (Loss)        
Other loss 1,963 2,424 9,554 1,650
Change in fair value of investments in excess mortgage servicing rights     3,894 6,513
Change in fair value of investments in equity method investees     19,170   
Earnings from investments in equity method investees 1,045    1,045   
Total other income (loss) 7,755 234,008 21,615 257,662
Expenses        
Property operating costs 15,804 5,043 32,576 5,500
General and administrative expenses 9,356 4,020 23,507 11,023
Total Expenses 40,966 19,354 99,806 39,627
Income from discontinued operations (2,386) 10,974 33,343 20,707
Discontinued Operations
        
Interest income    9,903 15,095 16,422
Net interest income    9,903 15,095 16,422
Other Income (Loss)        
Other loss (2,386) (2) (2,388) (1)
Change in fair value of investments in excess mortgage servicing rights    1,774 3,894 6,513
Change in fair value of investments in equity method investees       885   
Earnings from investments in equity method investees       18,286   
Total other income (loss) (2,386) 1,772 20,677 6,512
Expenses        
Property operating costs    6 12 19
General and administrative expenses    695 2,417 2,208
Total Expenses    701 2,429 2,227
Income from discontinued operations $ (2,386) $ 10,974 $ 33,343 $ 20,707