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Note 9 RECEIVABLE
 12 Months Ended
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