XML 72 R56.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 19 DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Derivative Instruments [Table Text Block]
    IRLCs     U.S. Treasury Futures     Forward MBS Trades     Interest Rate Caps     Foreign Exchange Forwards     Interest Rate Swaps  
                                                 
Beginning notional balance   $ —     $ —     $ —     $ 1,600,000     $ 46,200     $ 1,393,685  
   Homeward Acquisition     1,112,519       109,000       1,638,979       1,025,000       —       432,500  
   Other additions     —       —       —       —       —       —  
   Maturities     —       —       —       —       —       (330,230 )
   Terminations     —       —       —       (1,600,000 )     (46,200 )     —  
Ending notional balance   $ 1,112,519     $ 109,000     $ 1,638,979     $ 1,025,000     $ —     $ 1,495,955  
                                                 
Fair value of derivative assets (liabilities) at:                                                
December 31, 2012   $ 5,781     $ (1,258 )   $ (1,719 )   $ 168     $ —     $ (10,836 )
December 31, 2011   $ —     $ —     $ —     $ 3,600     $ (5,785 )   $ (14,491 )
                                                 
Maturity     2013       Mar. 2013       Jan. 2013 – Mar. 2013       Feb. 2015 – May 2016       —       Feb. 2013 – Mar. 2032  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
Purpose   Expiration Date     Notional Amount     Fair Value (1)     Gains / (Losses)     Financial Statement Caption
Hedge the effect of changes in interest rates on interest expense on borrowings                                    
Interest rate swaps (pay fixed, receive variable)                                    
Not designated as hedges:                                    
Hedge the effects of a change in 1ML on borrowing under an advance funding facility (2)     2013     $ 250,000     $ (2,699 )   $ 3,605     Other, net
Hedge the effects of a change in the lender’s CP rate and 1ML on borrowing under an advance funding facility (3)     2013       321,659       (2,958 )     3,352     Other, net / AOCL
   Total not designated as hedges             571,659       (5,657 )     6,957      
                                     
Designated as hedges:                                    
Hedge the effects of changes in 1ML or the lenders’ CP rate on advance funding facilities (5)     2015       201,892       (7,746 )     (6,246 )   AOCL
Hedge the effects of changes in 1ML or the lenders’ CP rate on advance funding facilities (6)     2015       289,904       (2,211 )     (1,859 )   AOCL
   Total designated as hedges             491,796       (9,957 )     (8,105 )    
       Total swaps             1,063,455       (15,614 )     (1,148 )    
                                     
Interest rate caps                                    
Not designated as hedges:                                    
Hedge the effects of changes in 1ML on advance funding facilities (7)     2014       —       —       (3,195 )   Other, net
Hedge the effects of changes in 1ML on advance funding facilities (4)     2015-2016       1,025,000       168       —     Other, net
       Total caps             1,025,000       168       (3,195 )    
           Total hedges of debt             2,088,455       (15,446 )     (4,343 )    
                                     
Hedge the effect of changes in interest rates on MSRs measured at fair value                                    
Not designated as hedges:                                    
Interest rate swaps (pay variable, receive fixed) (4)     2014-2032       432,500       4,778       —     Other, net
U.S. Treasury futures (4)     2013       109,000       (1,258 )     —     Other, net
Forward MBS trades (4)     2013       314,000       67       —     Other, net
Total hedges of MSRs             855,500       3,587       —      
                                     
Hedge the effect of changes in interest rates on the value of mortgage loans held for sale and IRLCs                                    
Not designated as hedges:                                    
Forward MBS trades (4)     2013       1,324,979       (1,786 )     (1,226 )   Other, net
                                     
IRLCs     2013       1,112,519       5,781       153     Loss on loans held for sale, net
       Total derivatives           $ 5,381,453     $ (7,864 )   $ (5,416 )    
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
    2012     2011     2010  
Gains (losses) on non-hedging derivatives (1)(2)   $ 6,256     $ (4,488 )   $ 17  
Ineffectiveness of cash flow hedges     41       (1,393 )     (150 )
Write-off of losses in AOCL for a discontinued hedge relationship (3)     (4,633 )     (1,545 )     —  
Write-off of losses in AOCL for hedge of a financing facility assumed by HLSS (See Note 3)     (5,958 )     —       —  
    $ (4,294 )   $ (7,426 )   $ (133 )