XML 155 R66.htm IDEA: XBRL DOCUMENT v2.4.0.8
FAIR VALUE OF FINANCIAL INSTRUMENTS - INPUTS EXCESS MSRs (Details 1)
1 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2011
Jun. 30, 2013
Dec. 31, 2012
MSRs Pool 1
     
Held Directly (Note 3):      
Prepayment speed 20.00% [1] 15.30% [1] 17.10% [1]
Delinquency 10.00% [2] 10.00% [2] 10.00% [2]
Recapture rate 35.00% [3] 35.00% [3] 35.00% [3]
Excess mortgage servicing amount 0.29% [4] 0.28% [4] 0.29% [4]
Discount rate 20.00% [5] 12.50% 18.00% [5]
MSR Pool 1 Recapture Agreement
     
Held Directly (Note 3):      
Prepayment speed 8.00% [1] 8.00% [1] 8.00% [1]
Delinquency 10.00% [2] 10.00% [2] 10.00% [2]
Recapture rate 35.00% [3] 35.00% [3] 35.00% [3]
Excess mortgage servicing amount 0.21% [4] 0.21% [4] 0.21% [4]
Discount rate 20.00% [5] 12.50% 18.00% [5]
MSRs Pool 2
     
Held Directly (Note 3):      
Prepayment speed   15.40% [1] 16.70% [1]
Delinquency   10.90% [2] 11.00% [2]
Recapture rate   35.00% [3] 35.00% [3]
Excess mortgage servicing amount   0.23% [4] 0.23% [4]
Discount rate   12.50% 17.30% [5]
MSR Pool 2 Recapture Agreement
     
Held Directly (Note 3):      
Prepayment speed   8.00% [1] 8.00% [1]
Delinquency   10.00% [2] 10.00% [2]
Recapture rate   35.00% [3] 35.00% [3]
Excess mortgage servicing amount   0.21% [4] 0.21% [4]
Discount rate   12.50% 17.30% [5]
MSRs Pool 3
     
Held Directly (Note 3):      
Prepayment speed   15.80% [1] 16.90% [1]
Delinquency   11.90% [2] 12.10% [2]
Recapture rate   35.00% [3] 35.00% [3]
Excess mortgage servicing amount   0.23% [4] 0.23% [4]
Discount rate   12.50% 17.60% [5]
MSR Pool 3 Recapture Agreement
     
Held Directly (Note 3):      
Prepayment speed   8.00% [1] 8.00% [1]
Delinquency   10.00% [2] 10.00% [2]
Recapture rate   35.00% [3] 35.00% [3]
Excess mortgage servicing amount   0.21% [4] 0.21% [4]
Discount rate   12.50% 17.60% [5]
MSRs Pool 4
     
Held Directly (Note 3):      
Prepayment speed   18.00% [1] 18.60% [1]
Delinquency   15.90% [2] 15.90% [2]
Recapture rate   35.00% [3] 35.00% [3]
Excess mortgage servicing amount   0.17% [4] 0.17% [4]
Discount rate   12.50% 17.90% [5]
MSR Pool 4 Recapture Agreement
     
Held Directly (Note 3):      
Prepayment speed   8.00% [1] 8.00% [1]
Delinquency   10.00% [2] 10.00% [2]
Recapture rate   35.00% [3] 35.00% [3]
Excess mortgage servicing amount   0.21% [4] 0.21% [4]
Discount rate   12.50% 17.90% [5]
MSRs Pool 5
     
Held Directly (Note 3):      
Prepayment speed   12.40% [1] 15.00% [1]
Delinquency      [2],[5]    [2],[3],[5]
Recapture rate   13.00% [3] 20.00% [3]
Excess mortgage servicing amount   0.13% [4] 0.13% [4]
Discount rate   12.50% 17.50% [5]
MSR Pool 5 Recapture Agreement
     
Held Directly (Note 3):      
Prepayment speed   8.00% [1] 8.00% [1]
Delinquency      [2],[5]    [2],[3],[5]
Recapture rate   15.00% [3] 20.00% [3]
Excess mortgage servicing amount   0.21% [4] 0.21% [4]
Discount rate   12.50% 17.50% [5]
MSR Pool 11 Recapture Agreement
     
Held Directly (Note 3):      
Prepayment speed   7.40% [1]  
Delinquency   2.30% [2]  
Recapture rate   41.00% [3]  
Excess mortgage servicing amount   0.19% [4]  
Discount rate   12.50%  
[1] (A) Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2] (B) Projected percentage of mortgage loans in the pool that will miss their mortgage payments.
[3] (C) Percentage of voluntarily prepaid loans that are expected to be refinanced by Nationstar.
[4] (D) Weighted average total mortgage servicing amount in excess of the basic fee.
[5] (E) The Excess MSR will be paid on the total UPB of the mortgage portfolio (including both performing and delinquent loans until REO).