Quarterly report pursuant to Section 13 or 15(d)

SPIN-OFF OF NEW RESIDENTIAL AND NEW MEDIA - Results of Operations from Discontinued Operations (Details 1)

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SPIN-OFF OF NEW RESIDENTIAL AND NEW MEDIA - Results of Operations from Discontinued Operations (Details 1) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Results of operations from discontinued operations        
Net interest income $ (4,012) $ 40,826 $ 6,585 $ 79,448
Change in fair value of investments in excess mortgage servicing rights       3,894
Change in fair value of investments in equity method investees       19,170
Equity in earnings from equity method investments     289  
Expenses        
Property operating costs 24,280 8,409 48,084 16,772
Income (loss) from discontinued operations (46) 25,581 (5,351) 35,729
Discontinued Operations [Member]
       
Results of operations from discontinued operations        
Interest income   5,060   15,095
Interest Expense     2,096  
Net interest income   5,060 (2,096) 15,095
Media income     68,213  
Other income (loss)   (2)   (2)
Change in fair value of investments in excess mortgage servicing rights   2,036   3,894
Change in fair value of investments in equity method investees   (84)   885
Equity in earnings from equity method investments   18,286   18,286
Other income   20,236   23,063
Expenses        
Media operating expenses     65,826  
Property operating costs   5   12
General and administrative expenses   (290) 1,904 2,417
Depreciation and amortization     4,596  
Income tax (benefit) expense     (915)  
Total expenses   (285) 71,411 2,429
Income (loss) from discontinued operations   25,581 (5,294) 35,729
Net income attributable to noncontrolling interest     $ 522