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Borrowings - Schedule of Match Funded Liabilities (Details) (USD $) In Thousands, unless otherwise specified | 9 Months Ended |
--- | --- | ---
Sep. 30, 2014 | Dec. 31, 2013
Debt Instrument [Line Items] |  |  |  |
Transfers accounted for as secured borrowings, associated liabilities, carrying amount | $ 2,035,639 |  | $ 2,364,814 |
Weighted average interest rate | 1.91% |  | 2.08% |
Advance Receivable Backed Notes Series E [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Available borrowing capacity | 130,753 | [1],[2] |  |
Transfers accounted for as secured borrowings, associated liabilities, carrying amount | 344,247 | [2] | 417,388 | [2]
Maturity date | Jun. 30, 2017 | [2],[3] |  |
Amortization date | Jun. 2015 | [2],[3] |  |
Advance Receivable Backed Notes Series F [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Available borrowing capacity | 44,987 | [1] |  |
Transfers accounted for as secured borrowings, associated liabilities, carrying amount | 5,013 |  | 33,211 |
Maturity date | Dec. 31, 2015 | [3] |  |
Amortization date | Dec. 2014 | [3] |  |
Homeward Agency Advance Funding Trust 2012-1 [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Available borrowing capacity | 0 | [1],[4] |  |
Transfers accounted for as secured borrowings, associated liabilities, carrying amount | 0 | [4] | 21,019 | [4]
Maturity date | Apr. 30, 2014 | [3],[4] |  |
Amortization date | Apr. 2014 | [3],[4] |  |
Class A1 Term Note [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Available borrowing capacity | 156,812 | [1],[5] |  |
Transfers accounted for as secured borrowings, associated liabilities, carrying amount | 843,188 | [5] | 1,494,628 | [5]
Maturity date | Oct. 31, 2044 | [3],[5] |  |
Amortization date | Oct. 2014 | [3],[5] |  |
Class A2 Variable Funding Note [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Available borrowing capacity | 75,693 | [1],[5] |  |
Transfers accounted for as secured borrowings, associated liabilities, carrying amount | 408,019 | [5] | 385,645 | [5]
Maturity date | Oct. 31, 2044 | [3],[5] |  |
Amortization date | Oct. 2014 | [3],[5] |  |
Class B Term Note [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Available borrowing capacity | 2,711 | [1],[5] |  |
Transfers accounted for as secured borrowings, associated liabilities, carrying amount | 13,577 | [5] | 12,923 | [5]
Maturity date | Oct. 03, 2044 | [3],[5] |  |
Amortization date | Oct. 2014 | [3],[5] |  |
Class A3 Variable Funding Note [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Available borrowing capacity | 78,405 | [1],[6] |  |
Transfers accounted for as secured borrowings, associated liabilities, carrying amount | 421,595 | [6] | 0 | [6]
Maturity date | Oct. 31, 2044 | [3],[6] |  |
Amortization date | Oct. 2014 | [3],[6] |  |
Match Funded Liabilties [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Available borrowing capacity | 489,361 |  |  |
Transfers accounted for as secured borrowings, associated liabilities, carrying amount | $ 2,035,639 |  | $ 2,364,814 |
London Interbank Offered Rate (LIBOR) [Member] | Advance Receivable Backed Notes Series E [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 1.75% | [2],[7] |  |
London Interbank Offered Rate (LIBOR) [Member] | Advance Receivable Backed Notes Series F [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 3.00% |  |  |
London Interbank Offered Rate (LIBOR) [Member] | Homeward Agency Advance Funding Trust 2012-1 [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 3.00% | [4] |  |
London Interbank Offered Rate (LIBOR) [Member] | Class A1 Term Note [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 1.75% | [5],[8],[9] |  |
London Interbank Offered Rate (LIBOR) [Member] | Class A2 Variable Funding Note [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 1.67% | [10],[5],[9] |  |
London Interbank Offered Rate (LIBOR) [Member] | Class B Term Note [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 4.25% | [11],[5],[9] |  |
London Interbank Offered Rate (LIBOR) [Member] | Class A3 Variable Funding Note [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 1.75% | [6],[9] |  |
[1] | Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At September 30, 2014, only $51.2 million of the available borrowing capacity could be used based on the amount of eligible collateral that had been pledged.
[2] | On October 28, 2014, the maximum borrowing capacity under this facility was reduced to $450.0 million and will further decline to $400.0 million in February 2015.
[3] | The amortization date of our facilities is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended. The maturity date is the date on which all outstanding balances must be repaid. In two advance facilities, there are multiple notes outstanding. For each note, after the amortization date, all collections that represent the repayment of advances pledged to the facility must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed.
[4] | Advance facility assumed as part of the acquisition of Homeward. This facility was terminated on April 16, 2014, and the advances pledged to the facility were transferred to another facility.
[5] | These notes were issued in connection with the OneWest MSR Transaction. On February 3, 2014, the maximum borrowing capacity on the 2013-VF2 notes was increased by $100.0 million to a total of $500.0 million. On March 17, 2014, the maximum borrowing capacity under the 2013-VF1 note declined by $500.0 million to a total of $1.0 billion. On October 1, 2014, the VF1 note was fully repaid. The maximum borrowing capacity of the VF2, Class A notes was increased to $564.0 million, and the maximum borrowing capacity of the VF2, Class B notes was increased to $36.0 million. In addition, the amortization date of the VF2 Class A and B notes was extended to October 15, 2015, and the maturity date was extended to October 15, 2045. Finally, a new series, the Series 2014-VF4 note, was issued with a maximum borrowing capacity of $600.0 million, an amortization date of October 15, 2015 and a maturity date of October 15, 2045. The interest margin on this new series of notes was set to 175 bps through July 14, 2015, to 200 bps on July 15, 2015, to 212 bps on August 15, 2015 and to 250 bps on September 15, 2015.
[6] | This note was issued on March 17, 2014 with a maximum borrowing capacity of $500.0 million. The interest margin on this note increased to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014. On October 1, 2014, the maximum borrowing capacity of the note was increased to $600.0 million, the amortization date was extended to October 15, 2015 and the maturity date was extended to October 15, 2045. The interest margin was set to 175 bps through July 14, 2015, to 200 bps on July 15, 2015, to 225 bps on August 15, 2015 and to 250 bps on September 15, 2015.
[7] | 1-Month LIBOR (1ML) was 0.16% and 0.17% at September 30, 2014 and December 31, 2013, respectively.
[8] | The interest margin on these notes increased to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014.
[9] | On July 15, 2014, the lenders agreed to waive the increase in interest margin scheduled for July 15, 2014. On August 15, 2014, the lenders also agreed to waive the increases in interest margin that were scheduled for August 15, 2014 and September 15, 2014.
[10] | The interest margin on these notes increased to 191 bps on July 15, 2014, to 215 bps on August 15, 2014 and 238 bps on September 15, 2014. Effective October 1, 2014, the interest margin on these notes was set to 167 bps through July 14, 2015, to 191 bps on July 15, 2015, to 215 bps on August 15, 2015 and to 239 bps on September 15, 2015.
[11] | The interest margin on these notes increased to 486 bps on July 15, 2014, to 546 bps on August 15, 2014 and 607 bps on September 15, 2014. Effective October 1, 2014, the interest margin on these notes was set to 300 bps through July 14, 2015, to 343 bps on July 15, 2015, to 386 bps on August 15, 2015 and to 429 bps on September 15, 2015.

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- Definition Date when the debt instrument revolving period ends under advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended presented as month and year. + References No definition available. + Details
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Carrying amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=7523297&loc=SL6224234-111729 + Details
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