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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
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance |  | $ 326,404 | $ (406,749)
Purchases, issuances, sales and settlements: |  |  |
Purchases |  | 419 | 0
Issuances |  | 70,884 | (4,513)
Transfer from MSRs carried at amortized cost |  | 0 | 839,157
Sales |  | (142) | (917)
Settlements | [1] | (29,463) | 19,698
Purchases, issuances, sales and settlements, total |  | 41,698 | 853,425
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | [2] | (27,333) | (29,726)
Included in Other comprehensive income | [2] | 0 | 0
Total realized and unrealized gains and (losses) | [2] | (27,333) | (29,726)
Transfers in and / or out of Level 3 |  | 0 | 0
Ending balance |  | 340,769 | 416,950
Loans Held for Investment - Reverse Mortgages [Member] |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance |  | 2,488,253 | 1,550,141
Purchases, issuances, sales and settlements: |  |  |
Purchases |  | 0 | 0
Issuances |  | 304,058 | 235,271
Transfer from MSRs carried at amortized cost |  | 0 | 0
Sales |  | 0 | 0
Settlements | [1] | (87,237) | (26,233)
Purchases, issuances, sales and settlements, total |  | 216,821 | 209,038
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | [2] | 66,168 | 48,962
Included in Other comprehensive income | [2] | 0 | 0
Total realized and unrealized gains and (losses) | [2] | 66,168 | 48,962
Transfers in and / or out of Level 3 |  | 0 | 0
Ending balance |  | 2,771,242 | 1,808,141
HMBS - Related Borrowings [Member] |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance |  | (2,391,362) | (1,444,252)
Purchases, issuances, sales and settlements: |  |  |
Purchases |  | 0 | 0
Issuances |  | (233,174) | (238,615)
Transfer from MSRs carried at amortized cost |  | 0 | 0
Sales |  | 0 | 0
Settlements | [1] | 39,654 | 25,985
Purchases, issuances, sales and settlements, total |  | (193,520) | (212,630)
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | [2] | (63,218) | (45,515)
Included in Other comprehensive income | [2] | 0 | 0
Total realized and unrealized gains and (losses) | [2] | (63,218) | (45,515)
Transfers in and / or out of Level 3 |  | 0 | 0
Ending balance |  | (2,648,100) | (1,702,397)
Mortgage-Backed Securities [Member] |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance |  | 7,985 | 7,335
Purchases, issuances, sales and settlements: |  |  |
Purchases |  | 0 | 0
Issuances |  | 0 | 0
Transfer from MSRs carried at amortized cost |  | 0 | 0
Sales |  | 0 | 0
Settlements | [1] | 0 | 0
Purchases, issuances, sales and settlements, total |  | 0 | 0
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | [2] | 401 | 366
Included in Other comprehensive income | [2] | 0 | 0
Total realized and unrealized gains and (losses) | [2] | 401 | 366
Transfers in and / or out of Level 3 |  | 0 | 0
Ending balance |  | 8,386 | 7,701
Financing Liability - MSRs Pledged [Member] |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance |  | (541,704) | (614,441)
Purchases, issuances, sales and settlements: |  |  |
Purchases |  | 0 | 0
Issuances |  | 0 | 0
Transfer from MSRs carried at amortized cost |  | 0 | 0
Sales |  | 0 | 0
Settlements | [1] | 18,201 | 19,946
Purchases, issuances, sales and settlements, total |  | 18,201 | 19,946
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | [2] | 0 | 0
Included in Other comprehensive income | [2] | 0 | 0
Total realized and unrealized gains and (losses) | [2] | 0 | 0
Transfers in and / or out of Level 3 |  | 0 | 0
Ending balance |  | (523,503) | (594,495)
Derivatives [Member] |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance |  | 2,042 | 567
Purchases, issuances, sales and settlements: |  |  |
Purchases |  | 0 | 0
Issuances |  | 0 | 0
Transfer from MSRs carried at amortized cost |  | 0 | $ 0
Sales |  | 0 |
Settlements | [1] | (81) | $ 0
Purchases, issuances, sales and settlements, total |  | (81) | 0
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | [2] | (1,391) | (364)
Included in Other comprehensive income | [2] | 0 | 0
Total realized and unrealized gains and (losses) | [2] | (1,391) | (364)
Transfers in and / or out of Level 3 |  | 0 | 0
Ending balance |  | 570 | 203
MSRs [Member] |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning balance |  | 761,190 | 93,901
Purchases, issuances, sales and settlements: |  |  |
Purchases |  | 419 | 0
Issuances |  | 0 | (1,169)
Transfer from MSRs carried at amortized cost |  | 0 | 839,157
Sales |  | (142) | (917)
Settlements | [1] | 0 | 0
Purchases, issuances, sales and settlements, total |  | 277 | 837,071
Total realized and unrealized gains and (losses): |  |  |
Included in earnings | [2] | (29,293) | (33,175)
Included in Other comprehensive income | [2] | 0 | 0
Total realized and unrealized gains and (losses) | [2] | (29,293) | (33,175)
Transfers in and / or out of Level 3 |  | 0 | 0
Ending balance |  | $ 732,174 | $ 897,797
[1] | In the event of a transfer to another party of servicing 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 three months ended March 31, 2015 includes $2.2 million of such reimbursements.
[2] | Total losses attributable to derivative financial instruments still held at March 31, 2016 and March 31, 2015 were $1.5 million and $0.4 million for the three months ended March 31, 2016 and 2015, respectively. Total losses attributable to MSRs still held at March 31, 2016 and March 31, 2015 were $29.1 million and $31.7 million for the three months ended March 31, 2016 and 2015, respectively.

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