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INVESTMENTS IN SERVICER ADVANCES (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
0 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
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Dec. 17, 2013
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Dec. 31, 2013
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| Servicer advances | $ 2,665,551 | [1] | |||||
| Servicer base fee to be paid to Nationstar | 8.60% | ||||||
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Servicer Advance Joint Venture
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| Servicer advances | 3,200,000 | 2,665,551 | [2] | ||||
| Settled servicer advance investments | 2,700,000 | ||||||
| Notes payable issued for purchase | 2,400,000 | ||||||
| Percentage ownership in joint venture | 32.00% | ||||||
| Amount committed to invest in joint venture | 172,400 | ||||||
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Servicer Advance Joint Venture | Noncontrolling third-party investors
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| Amount committed to invest in joint venture | 247,600 | ||||||
| Amount invested in joint venture | $ 115,700 | ||||||
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