XML 71 R94.htm IDEA: XBRL DOCUMENT v2.4.0.8
Borrowings - Financing Liabilities (Details) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2014
Financing Liabilities [Member]
Dec. 31, 2013
Financing Liabilities [Member]
Feb. 26, 2014
OASIS Series 2014-1 [Member]
Secured Debt [Member]
Mar. 31, 2014
Servicing [Member]
Financing Liabilities [Member]
Dec. 31, 2013
Servicing [Member]
Financing Liabilities [Member]
Mar. 31, 2014
Servicing [Member]
Secured Debt [Member]
Mar. 31, 2013
Servicing [Member]
Secured Debt [Member]
Mar. 31, 2014
Servicing [Member]
Financing Liability Mortgage Servicing Rates Pledged 1 [Member]
Financing Liabilities [Member]
Dec. 31, 2013
Servicing [Member]
Financing Liability Mortgage Servicing Rates Pledged 1 [Member]
Financing Liabilities [Member]
Mar. 31, 2014
Servicing [Member]
OASIS Series 2014-1 [Member]
Financing Liabilities [Member]
Dec. 31, 2013
Servicing [Member]
OASIS Series 2014-1 [Member]
Financing Liabilities [Member]
Mar. 31, 2014
Servicing [Member]
Financing Liability Advances Pledged [Member]
Financing Liabilities [Member]
Dec. 31, 2013
Servicing [Member]
Financing Liability Advances Pledged [Member]
Financing Liabilities [Member]
Mar. 31, 2014
Lending [Member]
Financing Liabilities [Member]
Dec. 31, 2013
Lending [Member]
Financing Liabilities [Member]
Mar. 31, 2014
Lending [Member]
Secured Debt [Member]
Mar. 31, 2013
Lending [Member]
Secured Debt [Member]
Mar. 31, 2014
Lending [Member]
Financing Liability Mortgage Servicing Rights Pledged 2 [Member]
Financing Liabilities [Member]
Dec. 31, 2013
Lending [Member]
Financing Liability Mortgage Servicing Rights Pledged 2 [Member]
Financing Liabilities [Member]
Mar. 31, 2014
Lending [Member]
HMBS - Related Borrowings [Member]
Financing Liabilities [Member]
Dec. 31, 2013
Lending [Member]
HMBS - Related Borrowings [Member]
Financing Liabilities [Member]
Debt Instrument [Line Items]                                              
Financing liabilities $ 1,693,147,000 $ 1,266,973,000 $ 1,693,147,000 $ 1,266,973,000   $ 812,483,000 $ 633,804,000 $ 1,287,434,000 $ 1,323,286,000 $ 634,399,000 $ 633,804,000 $ 121,352,000 [1] $ 0 $ 56,732,000 [2] $ 0 $ 880,664,000 $ 633,169,000 $ 347,147,000 $ 455,020,000 $ 10,202,000 $ 17,593,000 $ 870,462,000 [3] $ 615,576,000 [3]
Debt Instrument, Face Amount         $ 123,600,000                                    
[1] oteholders are entitled to receive a monthly payment amount equal to the sum of: a) the designated servicing fee amount (21 basis points of the UPB of the reference pool of Freddie Mac mortgages); b) any termination payment amounts; c) any excess refinance amounts; and d) the note redemption amounts, each as defined in the indenture supplement for the Notes. The Notes have a final stated maturity of February 2028. We accounted for this transaction as a financing. Monthly amortization of the liability is estimated using the proportion of monthly projected service fees on the underlying MSRs as a percentage of lifetime projected fees, adjusted for the term of the security.
[2] On April 17, 2014, the maturity date of this facility was extended to April 16, 2015.
[3] Represents amounts due to the holders of beneficial interests in Ginnie Mae guaranteed HMBS. The beneficial interests have no maturity dates, and the borrowings mature as the related loans are repaid. See Note 2 — Securitizations and Variable Interest Entities for additional information.