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NOTE 20 SERVICING AND SUBSERVICING FEES
 12 Months Ended
Dec. 31, 2011
Servicing Fees Net [Text Block]

NOTE 20 SERVICING AND SUBSERVICING FEES


The following table presents the components of servicing and subservicing fees for the years ended December 31:


   

2011

   

2010

   

2009

 
Loan servicing and subservicing fees   $ 341,438     $ 226,284     $ 175,691  
Home Affordable Modification Program (HAMP) fees     42,025       32,363       5,581  
Late charges     38,557       32,760       28,292  
Loan collection fees     11,223       8,958       7,569  
Custodial accounts (float earnings) (1)     2,105       2,843       4,803  
Receivables management and recovery fees (2)     —       —       29,207  
Other     23,527       18,491       13,324  
    $ 458,875     $ 321,699     $ 264,467  

(1) For 2010 and 2009, float earnings included $901 and $4,745, respectively, of interest income from our investment in auction rate securities. We liquidated our remaining investment in auction rate securities in 2010, and therefore, we did not recognize any interest income from these securities in 2011.
   
(2) These fees were earned by the Financial Services segment which we distributed as part of the Separation. See Note 27 for additional information regarding this former business segment.