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Borrowings - Financing Liabilities (Details) (USD $) In Thousands, unless otherwise specified | 9 Months Ended |
--- | --- | ---
Sep. 30, 2014 | Dec. 31, 2013
Debt Instrument [Line Items] |  |  |  |
Financing liabilities | $ 2,057,490 |  | $ 1,266,973 |
Financing Liabilities [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Financing liabilities | 2,057,490 |  | 1,266,973 |
Servicing [Member] | Financing Liabilities [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Financing liabilities | 821,396 |  | 633,804 |
Servicing [Member] | Financing Liability Mortgage Servicing Rates Pledged 1 [Member] | Financing Liabilities [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Financing liabilities | 618,855 |  | 633,804 |
Servicing [Member] | OASIS Series 2014-1 [Member] | Financing Liabilities [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Maturity date | Feb. 28, 2028 | [1] |  |
Financing liabilities | 115,039 | [1] | 0 | [1]
Servicing [Member] | Financing Liability Advances Pledged [Member] | Financing Liabilities [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Financing liabilities | 87,502 | [2] | 0 | [3]
Lending [Member] | Financing Liabilities [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Financing liabilities | 1,236,094 |  | 633,169 |
Lending [Member] | Financing Liability Mortgage Servicing Rights Pledged 2 [Member] | Financing Liabilities [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Financing liabilities | 0 | [4] | 17,593 | [4]
Lending [Member] | HMBS - Related Borrowings [Member] | Financing Liabilities [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Financing liabilities | $ 1,236,094 | [5] | $ 615,576 | [5]
London Interbank Offered Rate (LIBOR) [Member] | HMBS - Related Borrowings [Member] | Financing Liabilities [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 2.45% | [5] |  |
[1] | OASIS noteholders 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] | Under this repurchase agreement, the lender provides financing on a committed basis for $50.0 million and, at the discretion of the lender, on an uncommitted basis for an additional $50.0 million.
[3] | Certain advances were sold to HLSS Mortgage and HLSS SEZ LP on March 4, 2014 and May 2, 2014, respectively. These sales of advances did not qualify for sales accounting treatment and were accounted for as a financing. See Note 5 – Loans Held for Sale for additional information.
[4] | Sales of MSRs to a third party accounted for as a financing. The financing liability was being amortized using the interest method with the servicing income that was remitted to the purchaser representing payments of principal and interest. In April 2014, we derecognized the remaining liability related to this MSR sale. During 2014, we recognized a gain of $2.6 million on the extinguishment of the financing liability.
[5] | 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.

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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
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- Definition Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 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) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 + Details
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: 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)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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