Quarterly report pursuant to Section 13 or 15(d)

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

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SPIN-OFF OF NEW RESIDENTIAL - Results of Operations from Discontinued Operations (Details 2) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income $ 62,824 $ 77,956 $ 124,156 $ 150,818
Net interest income 40,826 48,494 79,448 91,191
Other Income (Loss)        
Other income (loss), net 3,024 (3,744) 7,591 (774)
Change in fair value of investments in excess mortgage servicing rights     3,894 4,739
Change in fair value of investments in equity method investees     19,170   
Total other income (loss) 8,090 (4,882) 13,860 23,654
Expenses        
Property operating costs 8,409 231 16,772 457
General and administrative expenses 9,938 4,841 14,151 7,003
Total Expenses 31,586 11,809 58,840 20,273
Income from discontinued operations 25,581 6,620 35,729 9,733
Discontinued Operations
        
Interest income 5,060 4,482 15,095 6,519
Net interest income 5,060 4,482 15,095 6,519
Other Income (Loss)        
Other income (loss), net (2) 2 (2) 1
Change in fair value of investments in excess mortgage servicing rights 2,036 3,523 3,894 4,739
Change in fair value of investments in equity method investees (84)    885   
Earnings from investments in equity method investees 18,286    18,286   
Total other income (loss) 20,236 3,525 23,063 4,740
Expenses        
Property operating costs 5 6 12 13
General and administrative expenses (290) 1,381 2,417 1,513
Total Expenses (285) 1,387 2,429 1,526
Income from discontinued operations $ 25,581 $ 6,620 $ 35,729 $ 9,733