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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
ResCap [Member]
Dec. 31, 2012
ResCap [Member]
Dec. 31, 2011
ResCap [Member]
Dec. 31, 2013
Liberty Acquisition
Dec. 31, 2012
Liberty Acquisition
Dec. 31, 2011
Liberty Acquisition
Dec. 31, 2013
Correspondent One [Member]
Dec. 31, 2012
Correspondent One [Member]
Dec. 31, 2011
Correspondent One [Member]
Dec. 31, 2013
Homeward Residential Holdings, Inc. [Member]
Dec. 31, 2012
Homeward Residential Holdings, Inc. [Member]
Dec. 31, 2011
Homeward Residential Holdings, Inc. [Member]
Dec. 31, 2013
Litton Acquisition
Dec. 31, 2012
Litton Acquisition
Dec. 31, 2011
Litton Acquisition
Dec. 31, 2013
Match Funded Advances [Member]
Dec. 31, 2012
Match Funded Advances [Member]
Dec. 31, 2011
Match Funded Advances [Member]
Dec. 31, 2013
Mortgage Servicing Rights [Member]
Dec. 31, 2012
Mortgage Servicing Rights [Member]
Dec. 31, 2011
Mortgage Servicing Rights [Member]
Dec. 31, 2013
Cash Paid [Member]
Dec. 31, 2012
Cash Paid [Member]
Dec. 31, 2011
Cash Paid [Member]
Dec. 31, 2013
Cash Paid Net [Member]
Dec. 31, 2012
Cash Paid Net [Member]
Dec. 31, 2011
Cash Paid Net [Member]
Net income $ 294,149 $ 180,923 $ 78,323                                                      
Adjustments to reconcile net income to net cash provided by operating activities:                                                            
Amortization of servicing rights 282,781 72,897 42,996                                                      
Amortization of debt discount 1,412 3,259 8,853                                                      
Amortization of debt issuance costs – senior secured term loan 4,395 3,718 9,764                                                      
Depreciation 24,245 5,720 4,160                                                      
Provision for bad debts 34,816 5,030 852                                                      
(Gain) loss on sale of loans (121,694) (215) 2                                                      
Loss on deconsolidation of variable interest entities    3,167                                                         
Realized and unrealized losses on derivative financial instruments 14,336 4,294 7,426                                                      
(Gain) loss on extinguishment of debt 8,681 2,167 (3,651)                                                      
Gain on valuation of mortgage servicing rights, at fair value (30,816) (30) 0                                                      
(Increase) decrease in deferred tax assets, net (22,112) 62,393 29,898                                                      
Origination and purchase of loans held for sale (9,678,038) (172,262)                                                         
Proceeds from sale and collections of loans held for sale 9,468,627 243,434 1,468                                                      
Changes in assets and liabilities:                                                            
Decrease in advances and match funded advances 295,108 1,443,643 842,545                                                      
(Increase) decrease in receivables and other assets, net 224,543 (53,870) (36,452)                                                      
Increase (decrease) in servicer liabilities 2,563 1,750 (1,196)                                                      
Increase (decrease) in other liabilities 67,773 (4,343) (15,470)                                                      
Other, net (3,606) 14,179 12,627                                                      
Net cash provided by operating activities 867,163 1,815,854 982,145                                                      
Cash flows from investing activities                                                            
Cash paid to acquire business       (2,289,709) 0 0 (26,568) 0 0       0 (524,213) 0 0    (2,646,700)                        
Cash    (79,511) (23,791)             (22,108) 0 0                                    
Investment in unconsolidated entities       (15,340)                                                      
Distributions of capital from unconsolidated entities 1,300 3,226 2,415                                                      
Purchase of mortgage servicing rights, net (987,663) (180,039)                                                         
Acquisition of advances in connection with the purchase of MSRs (2,588,739) (1,920,437)                                                         
Proceeds from sale of advances and match funded advances 3,842,537 2,824,645 0                                                      
Net proceeds from sale of diversified fee-based businesses to Altisource Portfolio Solutions, SA 210,793 0 0                                                      
Proceeds from sale of MSRs 34,754 0 0                                                      
Proceeds from sale of advance financing subsidiary and special purpose entity 0 76,334 0                                                      
Proceeds from sale of beneficial interest in consolidated variable interest entities    3,020                                                         
Origination of loans held for investment - reverse mortgages (609,555) 0 0                                                      
Principal payments received on loans held for investment - reverse mortgages 5,886 0 0                                                      
Additions to premises and equipment (28,915) (19,217) (3,822)                                                      
Other (1,207) (449) 8,329                                                      
Net cash provided by (used in) investing activities (2,414,978) 262,870 (2,655,118)                                                      
Cash flows from financing activities                                                            
(Repayment of) proceeds from match funded liabilities (167,931) (1,665,330) 1,076,422                                                      
Proceeds from other borrowings 9,633,914 204,784 563,500                                                      
Repayments of other borrowings (8,787,302) (822,137) (281,768)                                                      
Payment of debt issuance costs – senior secured term loan (25,758) (1,052) (13,147)                                                      
Proceeds from sale of mortgage servicing rights accounted for as a financing 447,755 320,381 0                                                      
Proceeds from sale of loans accounted for as a financing 604,991                                                            
Issuance of common stock 0 0 354,445                                                      
Repurchase of common stock (217,903) 0 0                                                      
Redemption of 10.875% Capital Securities    (26,829)                                                         
Payment of preferred stock dividends (5,115) 0 0                                                      
Proceeds from exercise of common stock options 2,302 6,005 1,483                                                      
Other 21,244 (18,650) (11,524)                                                      
Net cash provided by (used in) financing activities 1,506,197 (2,002,828) 1,689,411                                                      
Net (decrease) increase in cash (41,618) 75,896 16,438                                                      
Cash at beginning of year 220,130 144,234 127,796                                                      
Cash at end of year 178,512 220,130 144,234                                                      
Supplemental cash flow information                                                            
Interest paid 413,014 219,825 128,947                                                      
Income tax payments, net 14,747 37,199 29,461                                                      
Supplemental non-cash investing and financing activities                                                            
Conversion of Series A preferred stock to common stock 100,000 0 0                                                      
Conversion of 3.25% Convertible Notes to common stock    56,410 0                                                      
Fair value of assets acquired                                                            
Loans held for sale    (558,721)                                                         
Advances                                     (1,747,201) (2,266,882) (2,468,137)                  
Mortgage servicing rights                                           (389,944) (360,344) (144,314)            
Deferred tax assets    (52,103)                                                         
Premises and equipment (16,423) (12,515) (3,386)                                                      
Goodwill (207,776) (345,936) (57,430)                                                      
Debt service accounts    (69,287)                                                         
Receivables and other assets (2,989) (27,765) (4,888)                                                      
Fair value of assets acquired, total (2,364,333) (3,773,064) (2,701,946)                                                      
Fair value of liabilities assumed                                                            
Match funded liabilities    1,997,459                                                         
Other secured borrowings    864,969                                                         
Servicing liabilities       8,972                                                      
Accrued expenses and other liabilities 74,624 145,812 22,483                                                      
Total consideration (2,289,709) (764,824) (2,670,491)                                                      
Issuance of preferred stock as consideration    162,000                                                         
Amount due from seller for purchase price adjustments    (900)                                                         
Cash paid                                                 (2,289,709) (603,724) (2,670,491) (2,289,709) (524,213) (2,646,700)
Less cash acquired    $ 79,511 $ 23,791