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INVESTMENT IN RESIDENTIAL MORTGAGE LOANS (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
1 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2011
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Dec. 31, 2013
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Sep. 30, 2013
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Jun. 30, 2013
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Mar. 31, 2013
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Dec. 31, 2012
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Sep. 30, 2012
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Jun. 30, 2012
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Mar. 31, 2012
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Dec. 31, 2013
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Dec. 31, 2012
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Feb. 27, 2013
Reverse Mortgage Loans
|
Dec. 31, 2012
Reverse Mortgage Loans
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Dec. 31, 2013
Residential Mortgage Loans Held-for-Investment
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Dec. 31, 2013
Residential Mortgage Loans Held-for-Investment
Repurchase Agreements
Barclays
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| Percentage of Investment co-owned by Nationstar | 30.00% | ||||||||||||||||||||
| Percentage of Investment owned by New Residential | 70.00% | ||||||||||||||||||||
| Unpaid principal balance of underlying reverse mortgage loans | $ 83,100 | ||||||||||||||||||||
| Residential mortgage loans, held-for-investment | 33,539 | [1] | 33,539 | [1] | 35,100 | ||||||||||||||||
| Federal income tax basis | 33,900 | ||||||||||||||||||||
| Average loan balance outstanding | 200 | ||||||||||||||||||||
| Loans on non-accrual status | 1,600 | ||||||||||||||||||||
| Percentage of loans that have reached a termination event | 82.00% | ||||||||||||||||||||
| Average carrying amount | 33,800 | ||||||||||||||||||||
| Interest revenue | 1,260 | 26,492 | 21,885 | 22,999 | 16,191 | 14,948 | 12,295 | 4,479 | 2,037 | 87,567 | [2] | 33,759 | 2,700 | ||||||||
| Repurchase agreements | $ 22,800 | ||||||||||||||||||||
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