Fair Value - Schedule of Fair Value Assets and Liabilities (Details) (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2014
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Dec. 31, 2013
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Jun. 30, 2013
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Dec. 31, 2012
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Financial assets: | ||||||||||||
Loans held for sale, at fair value | $ 410,335 | $ 503,753 | $ 361,144 | $ 426,480 | ||||||||
Financing liabilities: | ||||||||||||
HMBS-related borrowings, at fair value | 1,033,712 | 615,576 | ||||||||||
Carrying Value [Member]
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Financial assets: | ||||||||||||
Loans held for sale, at fair value | 501,843 | 566,660 | ||||||||||
Financing liabilities: | ||||||||||||
Total Financing liabilities | 1,863,576 | 1,266,973 | ||||||||||
Other secured borrowings: | ||||||||||||
Total Other secured borrowings | 1,685,746 | 1,777,669 | ||||||||||
MSRs: | ||||||||||||
Total MSRs | 2,001,720 | 2,069,381 | ||||||||||
Carrying Value [Member] | Level 1 [Member] | Forward Mortgage Backed Securities Trades [Member]
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Derivative financial instruments: | ||||||||||||
Derivative financial instruments | (5,710) | [1] | 6,905 | [1] | ||||||||
Carrying Value [Member] | Level 2 [Member]
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Financial assets: | ||||||||||||
Loans held for sale, at fair value | 410,335 | [1] | 503,753 | [1] | ||||||||
Other secured borrowings: | ||||||||||||
Debt securities | 350,000 | 0 | ||||||||||
Carrying Value [Member] | Level 2 [Member] | Interest Rate Lock Commitments [Member]
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Derivative financial instruments: | ||||||||||||
Derivative financial instruments | 10,307 | [1] | 8,433 | [1] | ||||||||
Carrying Value [Member] | Level 3 [Member]
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Financial assets: | ||||||||||||
Loans held for sale, at lower of cost or fair value | 91,508 | [2] | 62,907 | [2] | ||||||||
Loans held for investment - Reverse mortgages, at fair value | 1,107,626 | [1] | 618,018 | [1] | ||||||||
Advances and match funded advances | 3,463,386 | [3] | 3,443,215 | [3] | ||||||||
Receivables, net | 239,748 | [3] | 152,516 | [3] | ||||||||
Financial liabilities: | ||||||||||||
Match Funded Liabilities | 2,072,517 | [3] | 2,364,814 | [3] | ||||||||
Financing liabilities: | ||||||||||||
HMBS-related borrowings, at fair value | 1,033,712 | [1] | 615,576 | [1] | ||||||||
Other | 829,864 | [3] | 651,397 | [3] | ||||||||
Other secured borrowings: | ||||||||||||
Senior secured term loan | 1,279,062 | [3] | 1,284,901 | [3] | ||||||||
Other | 406,684 | [3] | 492,768 | [3] | ||||||||
MSRs: | ||||||||||||
MSRs, at fair value | 104,220 | [1] | 116,029 | [1] | ||||||||
MSRs, at amortized cost | 1,897,500 | [3] | 1,953,352 | [3] | ||||||||
Carrying Value [Member] | Level 3 [Member] | Interest Rate Cap [Member]
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Derivative financial instruments: | ||||||||||||
Derivative financial instruments | 97 | [1] | 442 | [1] | ||||||||
Fair Value [Member]
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Financial assets: | ||||||||||||
Loans held for sale, at fair value | 501,843 | 566,660 | ||||||||||
Financing liabilities: | ||||||||||||
Total Financing liabilities | 1,868,369 | 1,266,973 | ||||||||||
Other secured borrowings: | ||||||||||||
Total Other secured borrowings | 1,675,855 | 1,762,876 | ||||||||||
MSRs: | ||||||||||||
Total MSRs | 2,496,093 | 2,557,748 | ||||||||||
Fair Value [Member] | Level 1 [Member] | Forward Mortgage Backed Securities Trades [Member]
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||||||||||||
Derivative financial instruments: | ||||||||||||
Derivative financial instruments | (5,710) | [1] | 6,905 | [1] | ||||||||
Fair Value [Member] | Level 2 [Member]
|
||||||||||||
Financial assets: | ||||||||||||
Loans held for sale, at fair value | 410,335 | [1] | 503,753 | [1] | ||||||||
Other secured borrowings: | ||||||||||||
Debt securities | 361,375 | 0 | ||||||||||
Fair Value [Member] | Level 2 [Member] | Interest Rate Lock Commitments [Member]
|
||||||||||||
Derivative financial instruments: | ||||||||||||
Derivative financial instruments | 10,307 | [1] | 8,433 | [1] | ||||||||
Fair Value [Member] | Level 3 [Member]
|
||||||||||||
Financial assets: | ||||||||||||
Loans held for sale, at lower of cost or fair value | 91,508 | [2] | 62,907 | [2] | ||||||||
Loans held for investment - Reverse mortgages, at fair value | 1,107,626 | [1] | 618,018 | [1] | ||||||||
Advances and match funded advances | 3,463,386 | [3] | 3,443,215 | [3] | ||||||||
Receivables, net | 239,748 | [3] | 152,516 | [3] | ||||||||
Financial liabilities: | ||||||||||||
Match Funded Liabilities | 2,072,517 | [3] | 2,364,814 | [3] | ||||||||
Financing liabilities: | ||||||||||||
HMBS-related borrowings, at fair value | 1,033,712 | [1] | 615,576 | [1] | ||||||||
Other | 834,657 | [3] | 651,397 | [3] | ||||||||
Other secured borrowings: | ||||||||||||
Senior secured term loan | 1,269,171 | [3] | 1,270,108 | [3] | ||||||||
Other | 406,684 | [3] | 492,768 | [3] | ||||||||
MSRs: | ||||||||||||
MSRs, at fair value | 104,220 | [1] | 116,029 | [1] | ||||||||
MSRs, at amortized cost | 2,391,873 | [3] | 2,441,719 | [3] | ||||||||
Fair Value [Member] | Level 3 [Member] | Interest Rate Cap [Member]
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Derivative financial instruments: | ||||||||||||
Derivative financial instruments | $ 97 | [1] | $ 442 | [1] | ||||||||
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