XML 27 R127.htm IDEA: XBRL DOCUMENT v2.4.0.8
Financial Information by Segment (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Segment Reporting Information [Line Items]        
Interest income $ 63,351 $ 57,420 $ 176,820 $ 168,664
Interest expense (23,350) (21,725) (63,560) (61,444)
Net interest income (loss) 40,001 35,695 113,260 107,220
Provision for loan losses 1,596 (1,727) 629 (493)
Mortgage banking activities, net 17,872 (8,698) 23,950 85,562
MSR income (loss), net 5,821 3,113 4,650 14,681
Other market valuation adjustments, net (3,706) 462 (13,966) (6,099)
Realized gains, net 8,532 10,469 10,687 23,291
Operating expenses (21,406) (22,320) (63,660) (66,937)
Other income 1,600   1,600  
(Provision for) benefit from income taxes (5,213) 4,935 (3,703) (9,113)
Net Income 45,097 21,929 73,447 148,112
Non-cash amortization income (expense) 8,607 6,205 25,946 17,940
Operating Segments | Residential Mortgage Banking
       
Segment Reporting Information [Line Items]        
Interest income 16,911 15,954 40,015 40,869
Interest expense (4,192) (3,501) (7,674) (8,631)
Net interest income (loss) 12,719 12,453 32,341 32,238
Mortgage banking activities, net 11,386 (12,236) 11,650 69,278
Other market valuation adjustments, net 43 (11) 54 67
Operating expenses (9,982) (7,874) (26,577) (18,565)
(Provision for) benefit from income taxes (3,352) 4,867 (3,258) (6,447)
Segment Contribution 10,814 (2,801) 14,210 76,571
Non-cash amortization income (expense) (43) (13) (131) (132)
Operating Segments | Residential Investments
       
Segment Reporting Information [Line Items]        
Interest income 27,600 22,887 83,120 70,420
Interest expense (3,142) (2,229) (9,106) (7,448)
Net interest income (loss) 24,458 20,658 74,014 62,972
MSR income (loss), net 5,821 3,113 4,650 14,681
Other market valuation adjustments, net (3,371) 549 (13,117) (5,759)
Realized gains, net 7,836 10,469 9,815 23,032
Operating expenses (802) (229) (2,667) (3,768)
(Provision for) benefit from income taxes 150 377 1,826 (1,284)
Segment Contribution 34,092 34,937 74,521 89,874
Non-cash amortization income (expense) 10,890 8,702 32,724 24,348
Operating Segments | Commercial Mortgage Banking and Investments
       
Segment Reporting Information [Line Items]        
Interest income 12,603 10,740 34,204 30,534
Interest expense (4,526) (3,560) (12,234) (8,928)
Net interest income (loss) 8,077 7,180 21,970 21,606
Provision for loan losses 888 (844) (56) (2,419)
Mortgage banking activities, net 6,486 3,538 12,300 16,284
Realized gains, net       210
Operating expenses (2,279) (2,176) (7,085) (8,026)
(Provision for) benefit from income taxes (1,764) 29 (2,159) (1,689)
Segment Contribution 11,408 7,727 24,970 25,966
Non-cash amortization income (expense) (191) (228) (579) (639)
Corporate/Other
       
Segment Reporting Information [Line Items]        
Interest income 6,237 7,839 19,481 26,841
Interest expense (11,490) (12,435) (34,546) (36,437)
Net interest income (loss) (5,253) (4,596) (15,065) (9,596)
Provision for loan losses 708 (883) 685 1,926
Mortgage banking activities, net            
MSR income (loss), net            
Other market valuation adjustments, net (378) (76) (903) (407)
Realized gains, net 696   872 49
Operating expenses (8,343) (12,041) (27,330) (36,578)
Other income 1,600   1,600  
(Provision for) benefit from income taxes (247) (338) (112) 307
Segment Contribution (11,217) (17,934) (40,253) (44,299)
Net Income (11,217) (17,934) (40,253) (44,299)
Non-cash amortization income (expense) $ (2,049) $ (2,256) $ (6,068) $ (5,637)