Fair Value - Schedule of Fair Value Assets and Liabilities (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2014
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Dec. 31, 2013
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Sep. 30, 2013
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Dec. 31, 2012
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Loans held for sale: | ||||||||||||
Loans held for sale, fair value | $ 335,950 | $ 503,753 | $ 335,102 | $ 426,480 | ||||||||
Financing liabilities: | ||||||||||||
HMBS-related borrowings, at fair value | 1,854,949 | 1,249,380 | ||||||||||
Carrying Value [Member]
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Loans held for sale: | ||||||||||||
Loans held for sale, fair value | 407,887 | 566,660 | ||||||||||
Financing liabilities: | ||||||||||||
Total Financing liabilities | 2,057,490 | 1,266,973 | ||||||||||
Other secured borrowings: | ||||||||||||
Total Other secured borrowings | 1,666,427 | 1,777,669 | ||||||||||
MSRs: | ||||||||||||
Total MSRs | 1,958,766 | 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 | (1,089) | [1] | 6,905 | [1] | ||||||||
Carrying Value [Member] | Level 2 [Member]
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Loans held for sale: | ||||||||||||
Loans held for sale, fair value | 335,950 | [1] | 503,753 | [1] | ||||||||
Other secured borrowings: | ||||||||||||
Senior unsecured notes | 350,000 | 0 | ||||||||||
Carrying Value [Member] | Level 2 [Member] | Interest Rate Lock Commitments [Member]
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Derivative financial instruments: | ||||||||||||
Derivative financial instruments | 6,117 | [1] | 8,433 | [1] | ||||||||
Carrying Value [Member] | Level 3 [Member]
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Loans held for sale: | ||||||||||||
Loans held for sale, at lower of cost or fair value | 71,937 | [2] | 62,907 | [2] | ||||||||
Loans held for investment - Reverse mortgages, at fair value | 1,315,324 | [1] | 618,018 | [1] | ||||||||
Advances and match funded advances | 3,346,865 | [3] | 3,443,215 | [3] | ||||||||
Receivables, net | 245,817 | [3] | 152,516 | [3] | ||||||||
Financial liabilities: | ||||||||||||
Match Funded Liabilities | 2,035,639 | [3] | 2,364,814 | [3] | ||||||||
Financing liabilities: | ||||||||||||
HMBS-related borrowings, at fair value | 1,236,094 | [1] | 615,576 | [1] | ||||||||
Financing liability - MSRs pledged | 618,855 | [1] | 633,804 | [1] | ||||||||
Other | 202,541 | [3] | 17,593 | [3] | ||||||||
Other secured borrowings: | ||||||||||||
Senior secured term loan | 1,276,142 | [3] | 1,284,901 | [3] | ||||||||
Other | 390,285 | [3] | 492,768 | [3] | ||||||||
MSRs: | ||||||||||||
MSRs, at fair value | 101,948 | [1] | 116,029 | [1] | ||||||||
MSRs, at amortized cost | 1,856,818 | [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 | 91 | [1] | 442 | [1] | ||||||||
Fair Value [Member]
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Loans held for sale: | ||||||||||||
Loans held for sale, fair value | 407,887 | 566,660 | ||||||||||
Financing liabilities: | ||||||||||||
Total Financing liabilities | 2,061,210 | 1,266,973 | ||||||||||
Other secured borrowings: | ||||||||||||
Total Other secured borrowings | 1,649,886 | 1,762,876 | ||||||||||
MSRs: | ||||||||||||
Total MSRs | 2,466,341 | 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 | (1,089) | [1] | 6,905 | [1] | ||||||||
Fair Value [Member] | Level 2 [Member]
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Loans held for sale: | ||||||||||||
Loans held for sale, fair value | 335,950 | [1] | 503,753 | [1] | ||||||||
Other secured borrowings: | ||||||||||||
Senior unsecured notes | 338,625 | 0 | ||||||||||
Fair Value [Member] | Level 2 [Member] | Interest Rate Lock Commitments [Member]
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Derivative financial instruments: | ||||||||||||
Derivative financial instruments | 6,117 | [1] | 8,433 | [1] | ||||||||
Fair Value [Member] | Level 3 [Member]
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Loans held for sale: | ||||||||||||
Loans held for sale, at lower of cost or fair value | 71,937 | [2] | 62,907 | [2] | ||||||||
Loans held for investment - Reverse mortgages, at fair value | 1,315,324 | [1] | 618,018 | [1] | ||||||||
Advances and match funded advances | 3,346,865 | [3] | 3,443,215 | [3] | ||||||||
Receivables, net | 245,817 | [3] | 152,516 | [3] | ||||||||
Financial liabilities: | ||||||||||||
Match Funded Liabilities | 2,035,639 | [3] | 2,364,814 | [3] | ||||||||
Financing liabilities: | ||||||||||||
HMBS-related borrowings, at fair value | 1,236,094 | [1] | 615,576 | [1] | ||||||||
Financing liability - MSRs pledged | 618,855 | [1] | 633,804 | [1] | ||||||||
Other | 206,261 | [3] | 17,593 | [3] | ||||||||
Other secured borrowings: | ||||||||||||
Senior secured term loan | 1,259,601 | [3] | 1,270,108 | [3] | ||||||||
Other | 390,285 | [3] | 492,768 | [3] | ||||||||
MSRs: | ||||||||||||
MSRs, at fair value | 101,948 | [1] | 116,029 | [1] | ||||||||
MSRs, at amortized cost | 2,364,393 | [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 | $ 91 | [1] | $ 442 | [1] | ||||||||
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