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FAIR VALUE OF FINANCIAL INSTRUMENTS - Servicer Advances (Details 7) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||
|---|---|---|---|---|
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Dec. 31, 2013
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| Purchases, sales and repayments | ||||
| Servicer advances, ending | $ 2,665,551 | [1] | ||
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Servicer Advances
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| Servicer advances, beginning | 0 | |||
| Interest income | 4,421 | |||
| Purchases, sales and repayments | ||||
| Purchases | 2,764,524 | |||
| Proceeds from repayments | (103,394) | |||
| Servicer advances, ending | $ 2,665,551 | |||
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