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Fair Value - Schedule of Reconciliation of Level 3 Assets and Liabilities (Details) - Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | $ 416,950 | $ (462,726) | $ (406,749) |  | $ (514,891)
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 116 | 0 | 116 |  | (16,775)
Issuances | 920 | 25,493 | (3,593) |  | 0
Transfer from MSRs, at amortized cost | 0 |  | 839,157 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 110,874
Sales | (68,072) | 0 | (68,989) |  | 0
Settlements | 13,398 | (2,104) | 33,096 | [1] | (11,341)
Purchases, issuances, sales and settlements, total | (53,638) | 23,389 | 799,787 |  | 82,758
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | (12,575) | (4,509) | (42,301) | [2] | (11,713)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | (12,575) | (4,509) | (42,301) | [2] | (11,713)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | 350,737 | (443,846) | 350,737 |  | (443,846)
Loans Held for Investment - Reverse Mortgages [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | 1,808,141 | 923,464 | 1,550,141 |  | 618,018
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 0 | 0 | 0 |  | 357,104
Issuances | 295,131 | 180,445 | 530,402 |  | 0
Transfer from MSRs, at amortized cost | 0 |  | 0 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 110,874
Sales | 0 | 0 | 0 |  | 0
Settlements | (37,690) | (14,572) | (63,923) | [1] | (28,601)
Purchases, issuances, sales and settlements, total | 257,441 | 165,873 | 466,479 |  | 439,377
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | 31,610 | 18,289 | 80,572 | [2] | 50,231
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | 31,610 | 18,289 | 80,572 | [2] | 50,231
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | 2,097,192 | 1,107,626 | 2,097,192 |  | 1,107,626
HMBS - Related Borrowings [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | (1,702,397) | (870,462) | (1,444,252) |  | (615,576)
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 0 | 0 | 0 |  | (381,579)
Issuances | (294,241) | (154,952) | (532,856) |  | 0
Transfer from MSRs, at amortized cost | 0 |  | 0 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 0
Sales | 0 | 0 | 0 |  | 0
Settlements | 37,812 | 7,648 | 63,797 | [1] | 13,035
Purchases, issuances, sales and settlements, total | (256,429) | (147,304) | (469,059) |  | (368,544)
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | (29,172) | (15,946) | (74,687) | [2] | (49,592)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | (29,172) | (15,946) | (74,687) | [2] | (49,592)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | (1,987,998) | (1,033,712) | (1,987,998) |  | (1,033,712)
Mortgage-Backed Securities [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | 7,701 | 7,521 | 7,335 |  | 0
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 0 | 0 | 0 |  | 7,677
Issuances | 0 | 0 | 0 |  | 0
Transfer from MSRs, at amortized cost | 0 |  | 0 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 0
Sales | 0 | 0 | 0 |  | 0
Settlements | 0 | 0 | 0 | [1] | 0
Purchases, issuances, sales and settlements, total | 0 | 0 | 0 |  | 7,677
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | 456 | (19) | 822 | [2] | (175)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | 456 | (19) | 822 | [2] | (175)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | 8,157 | 7,502 | 8,157 |  | 7,502
Financing Liability - MSRs Pledged [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | (594,495) | (634,399) | (614,441) |  | (633,804)
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 0 | 0 | 0 |  | 0
Issuances | 0 | 0 | 0 |  | 0
Transfer from MSRs, at amortized cost | 0 |  | 0 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 0
Sales | 0 | 0 | 0 |  | 0
Settlements | 13,276 | 4,820 | 33,222 | [1] | 4,225
Purchases, issuances, sales and settlements, total | 13,276 | 4,820 | 33,222 |  | 4,225
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | 0 | 0 | 0 | [2] | 0
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | 0 | 0 | 0 | [2] | 0
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | (581,219) | (629,579) | (581,219) |  | (629,579)
Derivatives [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | 203 | 324 | 567 |  | 442
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 116 | 0 | 116 |  | 23
Issuances | 0 | $ 0 | 0 |  | 0
Transfer from MSRs, at amortized cost | 0 |  | 0 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 0
Sales | 0 |  | 0 |  | 0
Settlements | 0 | $ 0 | 0 | [1] | 0
Purchases, issuances, sales and settlements, total | 116 | 0 | 116 |  | 23
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | (164) | (227) | (528) | [2] | (368)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | (164) | (227) | (528) | [2] | (368)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | 155 | 97 | 155 |  | 97
MSRs [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | 897,797 | 110,826 | 93,901 |  | 116,029
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 0 | 0 | 0 |  | 0
Issuances | 30 | 0 | (1,139) |  | 0
Transfer from MSRs, at amortized cost | 0 |  | 839,157 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 0
Sales | (68,072) | 0 | (68,989) |  | 0
Settlements | 0 | 0 | 0 | [1] | 0
Purchases, issuances, sales and settlements, total | (68,042) | 0 | 769,029 |  | 0
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | (15,305) | (6,606) | (48,480) | [2] | (11,809)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | (15,305) | (6,606) | (48,480) | [2] | (11,809)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | $ 814,450 | $ 104,220 | $ 814,450 |  | $ 104,220
[1] | In the event of a transfer of servicing to another party related to Rights to MSRs we are required to reimburse NRZ, at predetermined contractual rates for the loss of servicing revenues. Settlements for Financing liability - MSRs pledged for the six months ended June 30, 2015 includes $2.2 million of such reimbursements during the three months ended March 31, 2015.
[2] | Total losses attributable to derivative financial instruments still held at June 30, 2015 were $0.5 million for the six months ended June 30, 2015.

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