Annual report pursuant to Section 13 and 15(d)

REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Activity in Carrying Value (Details 4)

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REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Activity in Carrying Value (Details 4) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Valuation (allowance) reversal on loans $ 25,035 $ 24,587  
Real Estate Related and Other Loans Held For Sale
      
Carrying Value 843,132 813,580 782,605
Purchases / additional fundings 315,296 109,491 384,850
Interest accrued to principal balance 26,588 22,835 19,507
Principal paydowns (257,335) (129,950) (270,767)
Sales (101,338)   (125,141)
Transfer to held for investment       
Spin-off of New Residential       
Conversion to equity-GateHouse (393,531)    
Elimination after restructure-Golf (29,412)    
Valuation (allowance) reversal on loans 19,479 28,213 21,629
Gain (Loss) on repayment of loans held-for-sale 7,216 (1,614)  
Accretion of loan discount and other amortization 6,689    (7)
Other 746 577 904
Carrying Value 437,530 843,132 813,580
Residential Mortgage Loans Held For Sale
      
Carrying Value 2,471 2,687 253,213
Purchases / additional fundings         
Interest accrued to principal balance         
Principal paydowns (373) (686) (8,818)
Sales        
Transfer to held for investment     (238,721)
Spin-off of New Residential       
Conversion to equity-GateHouse       
Elimination after restructure-Golf       
Valuation (allowance) reversal on loans 105 493 (2,864)
Gain (Loss) on repayment of loans held-for-sale        
Accretion of loan discount and other amortization         
Other (18) (23) (123)
Carrying Value 2,185 2,471 2,687
Residential Mortgage Loans Held For Investment
      
Carrying Value 292,461 331,236 124,974
Purchases / additional fundings         
Interest accrued to principal balance         
Principal paydowns (45,665) (38,182) (30,514)
Sales        
Transfer to held for investment     238,721
Spin-off of New Residential       
Conversion to equity-GateHouse       
Elimination after restructure-Golf       
Valuation (allowance) reversal on loans 5,451 [1] (4,119) [1] (3,602)
Gain (Loss) on repayment of loans held-for-sale        
Accretion of loan discount and other amortization 3,684 4,002 2,371
Other (481) (476) (714)
Carrying Value 255,450 292,461 331,236
NPL Reverse Mortgage Loans
      
Carrying Value         
Purchases / additional fundings 35,138      
Interest accrued to principal balance         
Principal paydowns         
Sales        
Transfer to held for investment       
Spin-off of New Residential (35,865)    
Conversion to equity-GateHouse       
Elimination after restructure-Golf       
Valuation (allowance) reversal on loans         
Gain (Loss) on repayment of loans held-for-sale        
Accretion of loan discount and other amortization 727      
Other         
Carrying Value         
[1] The allowance for credit losses was determined based on the guidance for loans acquired with deteriorated credit quality.