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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, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance |  | $ 336,441 | $ 350,737 |  | $ 326,404 |  | $ (406,749) |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  | 638 | 2,084 |  | 782 |  | 2,201 |
Issuances |  | 212,393 | (20,468) |  | 363,802 |  | (24,061) |
Transfer from MSRs, at amortized cost |  |  |  |  |  |  | 839,157 |
Sales |  | (5) | (2,329) |  | (148) |  | (71,318) |
Settlements |  | (225,715) | 23,303 |  | (319,177) |  | 56,745 |
Purchases, issuances, sales and settlements, total |  | (12,689) | 2,590 |  | 45,259 |  | 802,724 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings |  | 2,688 | (26,089) |  | (45,223) | [1] | (68,737) | [1]
Transfers in and / or out of Level 3 |  | 0 | 0 |  | 0 |  | 0 |
Ending balance |  | 326,440 | 327,238 |  | 326,440 |  | 327,238 |
Loans Held for Investment - Reverse Mortgages [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance |  | 3,057,564 | 2,097,192 |  | 2,488,253 |  | 1,550,141 |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  | 0 | 0 |  | 0 |  | 0 |
Issuances |  | 509,900 | 250,600 |  | 1,185,565 |  | 781,002 |
Transfer from MSRs, at amortized cost |  |  |  |  |  |  | 0 |
Sales |  | 0 | 0 |  | 0 |  | 0 |
Settlements |  | (289,428) | (41,582) |  | (528,263) |  | (105,505) |
Purchases, issuances, sales and settlements, total |  | 220,472 | 209,018 |  | 657,302 |  | 675,497 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings |  | 61,605 | 13,305 |  | 194,086 | [1] | 93,877 | [1]
Transfers in and / or out of Level 3 |  | 0 | 0 |  | 0 |  | 0 |
Ending balance |  | 3,339,641 | 2,319,515 |  | 3,339,641 |  | 2,319,515 |
HMBS - Related Borrowings [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance |  | (2,935,928) | (1,987,998) |  | (2,391,362) |  | (1,444,252) |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  | 0 | 0 |  | 0 |  | 0 |
Issuances |  | (297,457) | (271,068) |  | (820,438) |  | (803,924) |
Transfer from MSRs, at amortized cost |  |  |  |  |  |  | 0 |
Sales |  | 0 | 0 |  | 0 |  | 0 |
Settlements |  | 63,119 | 43,725 |  | 161,995 |  | 107,522 |
Purchases, issuances, sales and settlements, total |  | (234,338) | (227,343) |  | (658,443) |  | (696,402) |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings |  | (54,344) | (14,263) |  | (174,805) | [1] | (88,950) | [1]
Transfers in and / or out of Level 3 |  | 0 | 0 |  | 0 |  | 0 |
Ending balance |  | (3,224,610) | (2,229,604) |  | (3,224,610) |  | (2,229,604) |
Mortgage-Backed Securities [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance |  | 9,063 | 8,157 |  | 7,985 |  | 7,335 |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  | 0 | 0 |  | 0 |  | 0 |
Issuances |  | 0 | 0 |  | 0 |  | 0 |
Transfer from MSRs, at amortized cost |  |  |  |  |  |  | 0 |
Sales |  | 0 | 0 |  | 0 |  | 0 |
Settlements |  | 0 | 0 |  | 0 |  | 0 |
Purchases, issuances, sales and settlements, total |  | 0 | 0 |  | 0 |  | 0 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings |  | (23) | 384 |  | 1,055 | [1] | 1,206 | [1]
Transfers in and / or out of Level 3 |  | 0 | 0 |  | 0 |  | 0 |
Ending balance |  | 9,040 | 8,541 |  | 9,040 |  | 8,541 |
Financing Liability - MSRs Pledged [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance |  | (495,126) | (581,219) |  | (541,704) |  | (614,441) | [2]
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  | 0 | 0 |  | 0 |  | 0 | [2]
Issuances |  | 0 | 0 |  | 0 |  | 0 | [2]
Transfer from MSRs, at amortized cost | [2] |  |  |  |  |  | 0 |
Sales |  | 0 | 0 |  | 0 |  | 0 | [2]
Settlements |  | 594 | 21,160 |  | 47,172 |  | 54,382 | [2]
Purchases, issuances, sales and settlements, total |  | 594 | 21,160 |  | 47,172 |  | 54,382 | [2]
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings |  | 0 | 0 |  | 0 | [1] | 0 | [1],[2]
Transfers in and / or out of Level 3 |  | 0 | 0 |  | 0 |  | 0 | [2]
Ending balance |  | (494,532) | (560,059) | [2] | (494,532) |  | (560,059) | [2]
Derivatives [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance |  | 200 | 155 |  | 2,042 |  | 567 |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  | 638 | 2,084 |  | 782 |  | 2,201 |
Issuances |  | 0 | 0 |  | 0 |  | 0 |
Transfer from MSRs, at amortized cost |  |  |  |  |  |  | 0 |
Sales |  | 0 |  |  | 0 |  | 0 |
Settlements |  | 0 | 0 |  | (81) |  | 346 |
Purchases, issuances, sales and settlements, total |  | 638 | 2,084 |  | 701 |  | 2,547 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings |  | (45) | (738) |  | (1,950) | [1] | (1,613) | [1]
Transfers in and / or out of Level 3 |  | 0 | 0 |  | 0 |  | 0 |
Ending balance |  | 793 | 1,501 |  | 793 |  | 1,501 |
MSRs [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance |  | 700,668 | 814,450 |  | 761,190 |  | 93,901 |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  | 0 | 0 |  | 0 |  | 0 |
Issuances |  | (50) | 0 |  | (1,325) |  | (1,139) |
Transfer from MSRs, at amortized cost |  |  |  |  |  |  | 839,157 |
Sales |  | (5) | (2,329) |  | (148) |  | (71,318) |
Settlements |  | 0 | 0 |  | 0 |  | 0 |
Purchases, issuances, sales and settlements, total |  | (55) | (2,329) |  | (1,473) |  | 766,700 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings |  | (4,505) | (24,777) |  | (63,609) | [1] | (73,257) | [1]
Transfers in and / or out of Level 3 |  | 0 | 0 |  | 0 |  | 0 |
Ending balance |  | $ 696,108 | $ 787,344 |  | $ 696,108 |  | $ 787,344 |
[1] | Total losses attributable to derivative financial instruments still held at September 30, 2016 and September 30, 2015 were $0.5 million and $1.3 million for the nine months ended September 30, 2016 and 2015, respectively. Total losses attributable to MSRs still held at September 30, 2016 and September 30, 2015 were $62.4 million and $65.1 million for the nine months ended September 30, 2016 and 2015, respectively.
[2] | 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 nine months ended September 30, 2015 include $2.2 million of such reimbursements. There have been no such payments in 2016.

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