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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net income $ 19,349 $ 22,064
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization of mortgage servicing rights 14,314 8,923
Amortization of debt discount 745 6,046
Amortization of debt issuance costs – senior secured term loans 920 7,771
Depreciation 833 750
Provision for (reversal of) valuation allowance on mortgage servicing assets 204 (214)
Loss on loans held for resale, net 420 904
Equity in earnings of unconsolidated entities (252) (130)
Unrealized losses on derivative financial instruments 3,262 353
Gain on extinguishment of debt   (1,246)
Increase in deferred tax assets, net (112) (10)
Net cash provided by loans held for resale activities 241 233
Changes in assets and liabilities:    
Decrease in advances and match funded advances 318,386 294,180
Decrease in receivables and other assets, net 15,055 38,393
Increase (decrease) in servicer liabilities 2,444 (425)
Decrease in other liabilities (6,273) (11,549)
Other, net 3,474 2,010
Net cash provided by operating activities 373,010 368,053
Cash flows from investing activities    
Proceeds from sale of advance financing subsidiary and special purpose entity 87,303  
Distributions of capital from unconsolidated entities 1,688 1,458
Investment in unconsolidated entities   (1,025)
Additions to premises and equipment (10,661) (385)
Proceeds from sales of real estate 512 230
Decrease (increase) in restricted cash – for securitization investors 42 (278)
Principal payments received on loans – restricted for securitization investors 954 1,501
Net cash provided by investing activities 79,838 1,501
Cash flows from financing activities    
Proceeds from (repayment of) match funded liabilities 79,707 (193,400)
Repayment of secured borrowings – owed to securitization investors (1,701) (1,864)
Repayment of lines of credit and other secured borrowings (52,169) (173,163)
Proceeds from sale of mortgage servicing rights accounted for as a financing 62,495  
Redemption of debt securities (25)  
Exercise of common stock options 1,023 836
Other (2,466) (672)
Net cash provided by (used in) financing activities 86,864 (368,263)
Net increase in cash 539,712 1,291
Cash at beginning of period 144,234 127,796
Cash at end of period 683,946 129,087
Supplemental non-cash investing and financing activities    
Conversion of 3.25% Convertible Notes to common stock 56,410  
Sale of mortgage servicing rights accounted for as a financing 62,495  
Sale of Advance Financing Subsidiary and Special Purpose Entity:    
Match funded advances 424,303  
Debt service account 16,587  
Prepaid lender fees and debt issuance costs 5,765  
Other prepaid expenses 2,214  
Match funded liabilities (360,658)  
Accrued interest payable and other accrued expenses (908)  
Net assets of advance financing subsidiary and special purpose entity 87,303  
Cash received at closing 149,798  
Amount due to purchaser for post-closing adjustments (11,006)  
Purchase price, as adjusted $ 138,792