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Fair Value - Schedule of Reconciliation of Changes in Fair Value of Level 3 Assets and Liabilities (Details) - Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | $ 350,737 | $ (443,846) | $ (406,749) |  | $ (514,891)
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 2,084 | 0 | 2,201 |  | 7,700
Issuances | (20,468) | 18,114 | (24,061) |  | (6,361)
Transfer from MSRs, at amortized cost |  |  | 839,157 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 110,874
Sales | (2,329) | 0 | (71,318) |  | 0
Settlements | 23,303 | (5,112) | 56,745 | [1] | (16,453)
Purchases, issuances, sales and settlements, total | 2,590 | 13,002 | 802,724 |  | 95,760
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | (26,089) | 636 | (68,737) | [2] | (11,077)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | (26,089) | 636 | (68,737) | [2] | (11,077)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | 327,238 | (430,208) | 327,238 |  | (430,208)
Loans Held for Investment - Reverse Mortgages [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | 2,097,192 | 1,107,626 | 1,550,141 |  | 618,018
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 0 | 0 | 0 |  | 0
Issuances | 250,600 | 208,566 | 781,002 |  | 565,670
Transfer from MSRs, at amortized cost |  |  | 0 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 110,874
Sales | 0 | 0 | 0 |  | 0
Settlements | (41,582) | (27,592) | (105,505) | [1] | (56,193)
Purchases, issuances, sales and settlements, total | 209,018 | 180,974 | 675,497 |  | 620,351
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | 13,305 | 26,724 | 93,877 | [2] | 76,955
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | 13,305 | 26,724 | 93,877 | [2] | 76,955
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | 2,319,515 | 1,315,324 | 2,319,515 |  | 1,315,324
HMBS - Related Borrowings [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | (1,987,998) | (1,033,712) | (1,444,252) |  | (615,576)
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 0 | 0 | 0 |  | 0
Issuances | (271,068) | (190,452) | (803,924) |  | (572,031)
Transfer from MSRs, at amortized cost |  |  | 0 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 0
Sales | 0 | 0 | 0 |  | 0
Settlements | 43,725 | 12,690 | 107,522 | [1] | 25,725
Purchases, issuances, sales and settlements, total | (227,343) | (177,762) | (696,402) |  | (546,306)
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | (14,263) | (24,620) | (88,950) | [2] | (74,212)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | (14,263) | (24,620) | (88,950) | [2] | (74,212)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | (2,229,604) | (1,236,094) | (2,229,604) |  | (1,236,094)
Mortgage-Backed Securities [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | 8,157 | 7,502 | 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 |  |
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 | 384 | (124) | 1,206 | [2] | (299)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | 384 | (124) | 1,206 | [2] | (299)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | 8,541 | 7,378 | 8,541 |  | 7,378
Financing Liability - MSRs Pledged [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | (581,219) | (629,579) | (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 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 0
Sales | 0 | 0 | 0 |  | 0
Settlements | 21,160 | 10,724 | 54,382 | [1] | 14,949
Purchases, issuances, sales and settlements, total | 21,160 | 10,724 | 54,382 |  | 14,949
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 | (560,059) | (618,855) | (560,059) |  | (618,855)
Derivatives [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | 155 | 97 | 567 |  | 442
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 2,084 | 0 | 2,201 |  | 23
Issuances | 0 | $ 0 | 0 |  | 0
Transfer from MSRs, at amortized cost |  |  | 0 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 0
Sales | 0 |  | 0 |  | 0
Settlements | 0 | $ 0 | 346 | [1] | 0
Purchases, issuances, sales and settlements, total | 2,084 | 0 | 2,547 |  | 23
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | (738) | (6) | (1,613) | [2] | (374)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | (738) | (6) | (1,613) | [2] | (374)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | 1,501 | 91 | 1,501 |  | 91
MSRs [Member] |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning balance | 814,450 | 104,220 | 93,901 |  | 116,029
Purchases, issuances, sales and settlements: |  |  |  |  |
Purchases | 0 | 0 | 0 |  | 0
Issuances | 0 | 0 | (1,139) |  | 0
Transfer from MSRs, at amortized cost |  |  | 839,157 |  |
Transfer from loans held for sale, at fair value |  |  |  |  | 0
Sales | (2,329) | 0 | (71,318) |  | 0
Settlements | 0 | (934) | 0 | [1] | (934)
Purchases, issuances, sales and settlements, total | (2,329) | (934) | 766,700 |  | (934)
Total realized and unrealized gains and (losses): |  |  |  |  |
Included in earnings | (24,777) | (1,338) | (73,257) | [2] | (13,147)
Included in Other comprehensive income | 0 | 0 | 0 | [2] | 0
Total realized and unrealized gains and (losses) | (24,777) | (1,338) | (73,257) | [2] | (13,147)
Transfers in and / or out of Level 3 | 0 | 0 | 0 |  | 0
Ending balance | $ 787,344 | $ 101,948 | $ 787,344 |  | $ 101,948
[1] | In the event of a transfer to another party of servicing related to Rights to MSRs, we are required to reimburse New Residential Investment Corp. (NRZ) at predetermined contractual rates for the loss of servicing revenues. Settlements for Financing liability - MSRs pledged for the nine months ended September 30, 2015 includes $2.2 million of such reimbursements.
[2] | Total losses attributable to derivative financial instruments still held at September 30, 2015 were $1.3 million for the nine months ended September 30, 2015.

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