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Components of Mortgage Banking Activities, Net (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income from MSRs, net:        
MSRs $ 8,827 $ (527) $ 9,169 $ (544)
Sequoia IO securities 36,336 (5,363) 38,265 (4,674)
Risk management derivatives 49,544 (3,282) 50,567 (6,398)
Net market valuation adjustments 52,957 (9,172) 91,121 (11,616)
Mortgage Banking Activities, Net 58,531 (3,607) 104,552 1,324
Residential Loans at Fair Value
       
Income from MSRs, net:        
Loans, at fair value (41,405)   (6,535)  
Commercial Loans at Fair Value
       
Income from MSRs, net:        
Loans, at fair value (345)   (345)  
Mortgage Banking Activities
       
Income from MSRs, net:        
Income 1,943 123 2,794 137
Late charges 11 1 18 1
Cost of sub-servicer (234) (30) (412) (34)
Income from MSRs, net: 1,720 94 2,400 104
MSRs 8,827 (527) 9,169 (544)
Sequoia IO securities 36,336 (5,363) 38,265 (4,674)
Risk management derivatives 49,544 [1] (3,282) [1] 50,567 [1] (6,398) [1]
Net market valuation adjustments 52,957 (9,172) 91,121 (11,616)
Mortgage Banking Activities, Net 58,531 (3,607) 104,552 1,324
Mortgage Banking Activities | Residential Loans at Fair Value
       
Income from MSRs, net:        
Loans, at fair value (41,405)   (6,535)  
Mortgage Banking Activities | Commercial Loans at Fair Value
       
Income from MSRs, net:        
Loans, at fair value (345)   (345)  
Mortgage Banking Activities | Residential Loans
       
Income from MSRs, net:        
Net gains on loan sales   5,471   12,836
Mortgage Banking Activities | Commercial Loans
       
Income from MSRs, net:        
Net gains on commercial loan originations     40  
Net gains on loan sales $ 3,854   $ 10,991  
[1] Represents market valuations of derivatives that are used to manage risks associated with our accumulation of residential and commercial loans.