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INVESTMENTS IN CDO SERVICING RIGHTS (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | 12 Months Ended | |
|---|---|---|---|
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Sep. 30, 2013
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Sep. 30, 2012
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Dec. 31, 2011
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| Investments In Cdo Servicing Rights Details Narrative | |||
| Acquisition of servicing rights | $ 2,200 | ||
| Amortization of Servicing Rights | 300 | 300 | |
| Servicing Asset | $ 1,500 | ||
| X | ||||||||||
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- Definition
Amortization of servicing rights in connection with the acquisition of management rights of CBASS. No definition available.
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| X | ||||||||||
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- Definition
The carrying value of the company's servicing asset in receivables and other assets. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The cash outflow to obtain servicing rights, which contractually entitle the servicer to receive fees and ancillary revenues for performing billing, collection, disbursement and recordkeeping services in connection with a mortgage portfolio. Rights may be obtained via (1) acquisition or assumption of a servicing obligation that does not relate to financial assets of the servicer or its consolidated affiliates; or (2) by originating mortgage loans and then (a) transferring the loans to a Variable Interest Entity (VIE) in a transaction that meets the necessary transfer and classification requirements, or (b) transferring the loans in a transaction that meets the requirements for sale accounting. No definition available.
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