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Note 16 SERVICING AND SUBSERVICING FEES

3 Months Ended

Mar. 31, 2012

Servicing Fees Net [Text Block]

Note 16       SERVICING AND SUBSERVICING FEES

We earn fees for providing services to owners of mortgage loans and foreclosed real estate. The following table presents the principal components of servicing and subservicing fees for the three months ended March 31:

		2012				2011
Loan servicing and subservicing fees		$	112,589			$	77,437
Late charges			18,845				8,544
Home Affordable Modification Program (HAMP) fees			12,684				8,638
Loan collection fees			3,339				2,554
Custodial accounts (float earnings)			787				539
Other			6,859				4,793
		$	155,103			$	102,505

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- Definition

The disclosure of the components of revenue from providing services to owners of mortgage loans and foreclosed real estate reported as servicing and subservicing fees. Includes servicing fees earned as a percent of the unpaid principal balance of assets serviced. Also includes late fees, prepayments penalties, float earnings and other ancillary fees.

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+ Details

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