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Note 4 FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

						2012								2011
		Level				Carrying Value				Fair Value				Carrying Value				Fair Value
Financial assets:
Loans held for sale, at fair value (1)			2			$	426,480			$	426,480			$	—			$	—
Loans held for sale, at lower of cost or fair value (2)			3				82,866				82,866				20,633				20,633
Advances and match funded advances(3)			3				3,233,707				3,233,707				3,733,502				3,733,502
Receivables, net (3)			3				167,459				167,459				83,202				83,202
Loans, net – restricted for securitization investors (3)			3				—				—				58,560				55,165
Financial liabilities:
Match funded liabilities (3)			3			$	2,532,745			$	2,533,278			$	2,558,951			$	2,569,131
Lines of credit and other secured borrowings (3)			3				1,096,679				1,101,504				540,369				550,860
Debt securities (3)			2				—				—				82,554				92,125
Secured borrowings – owed to securitization investors (3)			3				—				—				53,323				52,652
Derivative financial instruments (1):
IRLCs			2			$	5,781			$	5,781			$	—			$	—
Interest rate swaps			3				(10,836	)			(10,836	)			(14,491	)			(14,491	)
Forward MBS trades			1				(1,719	)			(1,719	)			—				—
U.S. Treasury futures			1				(1,258	)			(1,258	)			—				—
Interest rate caps			3				168				168				3,600				3,600
Nondeliverable FX forward contracts			3				—				—				(5,785	)			(5,785	)
Impaired stratum of MSRs (2)(4)			3			$	—			$	—			$	214			$	214
MSRs, at fair value (1)			3			$	85,213			$	85,213			$	214			$	214

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

For the year ended December 31, 2012:		Derivative Financial Instruments				MSRS at Fair Value				Total
Beginning balance		$	(16,676	)		$	—			$	(16,676	)
Purchases, issuances, sales and settlements:
Purchases (1)			4,946				85,183				90,129
Issuances			—				—				—
Sales			(405	)			—				(405	)
Settlements			2,451				—				2,451
			6,992				85,183				92,175
Total realized and unrealized gains and (losses) (2):
Included in Other, net			7,331				30				7,361
Included in Other comprehensive income (loss)			(8,315	)			—				(8,315	)
			(984	)			30				(954	)
Transfers in and / or out of Level 3			—				—				—
Ending balance		$	(10,668	)		$	85,213			$	74,545

For the year ended December 31, 2011		Derivative Financial Instruments
Beginning balance		$	(15,351	)
Purchases, issuances, sales and settlements:
Purchases			3,688
Settlements			85
			3,773
Total realized and unrealized gains and (losses) (2):
Included in Other, net			(5,881	)
Included in Other comprehensive income (loss)			783
			(5,098	)
Transfers in and / or out of Level 3			—
Ending balance		$	(16,676	)

						Trading Securities
For the year ended December 31, 2010:		Derivative Financial Instruments				Auction Rate Securities				Subordinates and Residuals				Total
Beginning balance		$	(45	)		$	247,464			$	59			$	247,478
Purchases, issuances, sales and settlements:
Sales			—				(146,810	)			—				(146,810	)
Settlements			(738	)			(92,745	)			—				(93,483	)
			(738	)			(239,555	)			—				(240,293	)
Total realized and unrealized gains and (losses) (2):
Included in Gain (loss) on trading securities			—				(7,909	)			(59	)			(7,968	)
Included in Other, net			(133	)			—				—				(133	)
Included in Other comprehensive income (loss)			(14,435	)			—				—				(14,435	)
			(14,568	)			(7,909	)			(59	)			(22,536	)
Transfers in and / or out of Level 3			—				—				—				—
Ending balance		$	(15,351	)		$	—			$	—			$	(15,351	)

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- Definition

Schedule of carrying and estimated fair values of financial instruments.

+ References

No definition available.

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph c

-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.

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