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Note 9 RECEIVABLE | 12 Months Ended
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Dec. 31, 2012
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] |
NOTE 9 | RECEIVABLES
Receivables consisted of the following at the dates indicated:
|  | Receivables |  |  | Allowance for Losses |  |  | Net |
December 31, 2012 |  |  |  |  |  |  |  |  |
Servicing (1) |  | $ | 84,870 |  |  | $ | (1,647 | ) |  | $ | 83,223 |
Income taxes receivable |  |  | 55,292 |  |  |  | — |  |  |  | 55,292 |
Affordable housing (2) |  |  | 1,052 |  |  |  | (713 | ) |  |  | 339 |
Due from related parties (3) |  |  | 12,361 |  |  |  | — |  |  |  | 12,361 |
Other |  |  | 17,525 |  |  |  | (1,281 | ) |  |  | 16,244 |
|  | $ | 171,100 |  |  | $ | (3,641 | ) |  | $ | 167,459 |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |
Servicing (1) |  | $ | 53,061 |  |  | $ | (1,648 | ) |  | $ | 51,413 |
Income taxes receivable |  |  | 21,518 |  |  |  | — |  |  |  | 21,518 |
Affordable housing (2) |  |  | 5,568 |  |  |  | (5,019 | ) |  |  | 549 |
Due from related parties (3) |  |  | 2,309 |  |  |  | — |  |  |  | 2,309 |
Derivatives, at fair value (4) |  |  | 3,600 |  |  |  | — |  |  |  | 3,600 |
Other |  |  | 4,134 |  |  |  | (1,262 | ) |  |  | 2,872 |
|  | $ | 90,190 |  |  | $ | (7,929 | ) |  | $ | 82,261 |
(1) | The balances at December 31, 2012 and 2011 arise from our Servicing business and primarily include reimbursable expenditures due from investors and amounts to be recovered from the custodial accounts of the trustees.
(2) | The balances at December 31, 2012 and 2011 primarily represent annual payments to be received through June 2014 for proceeds from sales of investments in affordable housing properties. None of these receivables is delinquent.
(3) | See Note 27 for additional information regarding transactions with Altisource and HLSS.
(4) | The balance represents the fair value of an interest rate cap that we sold in 2012. See Note 19 for additional information regarding our derivative financial instruments.
The balance of Receivables at December 31, 2012 includes $46,546 related to the Homeward Acquisition. See Note 2. Receivable balances are evaluated individually. The change in the allowance for credit losses for 2012 and the balance of the related receivables at those dates were as follows (the disclosure requirements for the allowance for credit losses do not apply to mortgage banking activities, including the long-term servicing of loans, such as the activities of our Servicing segment):
|  | Affordable Housing |  |  | Other |  |  | Total |
Allowance for credit losses balance at December 31, 2011 |  | $ | 5,019 |  |  | $ | 1,262 |  |  | $ | 6,281 |
Charge offs |  |  | (4,306 | ) |  |  | (387 | ) |  |  | (4,693 | )
Provision |  |  | — |  |  |  | 456 |  |  |  | 456 |
Other |  |  | — |  |  |  | (50 | ) |  |  | (50 | )
Allowance for credit losses balance at December 31, 2012 |  | $ | 713 |  |  | $ | 1,281 |  |  | $ | 1,994 |
Receivables balance at December 31, 2012 |  | $ | 1,052 |  |  | $ | 17,525 |  |  | $ | 18,577 |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5162-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 + Details
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