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TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 0 Months Ended 9 Months Ended 1 Months Ended 10 Months Ended 12 Months Ended
Sep. 30, 2013
Apr. 02, 2013
Dec. 31, 2012
Jun. 27, 2013
Agency RMBS
Sep. 30, 2013
Agency RMBS
Nov. 07, 2013
Non-Agency RMBS
Oct. 31, 2013
Non-Agency RMBS
Dec. 31, 2012
Non-Agency RMBS
Sep. 30, 2013
Non-Agency RMBS
Sep. 30, 2013
The Manager
Dec. 31, 2012
The Manager
Sep. 30, 2013
Serviced by Nationstar
Non-Agency RMBS
Dec. 31, 2012
Serviced by Nationstar
Non-Agency RMBS
Management fee rate (percent) 1.50%   1.50%             1.50% 1.50%    
Incentive compensation percentage                   25.00%      
Interest rate for incentive compensation                   10.00%      
Face amount of securities purchased       $ 22,700 $ 413,200 $ 194,300 $ 391,700 $ 193,800 $ 661,200        
Purchase of real estate securities (292,980)     1,200 437,300 126,600 242,800 121,300          
Outstanding face amount 2,054,797 [1]       1,203,293 [2],[3]       851,504     851,500 433,500
Unpaid principal balance of underlying loans   $ 4,200,000                   $ 11,500,000 $ 5,700,000
[1] The total outstanding face amount was $16.4 million for fixed rate securities and $2.0 billion for floating rate securities.
[2] Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association ("Fannie Mae") or the Federal Home Loan Mortgage Corporation ("Freddie Mac").
[3] Amortized cost basis and carrying value include principal receivable of $10.7 million.