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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net income $ 180,923,000 $ 78,323,000 $ 37,992,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of mortgage servicing rights 72,897,000 42,996,000 31,455,000
Amortization of debt discount 3,259,000 8,853,000 5,389,000
Amortization of debt issuance costs – senior secured term loan 3,718,000 9,764,000 2,086,000
Depreciation 5,720,000 4,160,000 7,512,000
Write-off of investment in commercial real estate property     3,000,000
Provision for (reversal of) valuation allowance on mortgage servicing assets 88,000 (574,000) (90,000)
Loss on trading securities     7,968,000
Loss on loans held for sale, net 3,364,000 4,529,000 5,865,000
Loss on deconsolidation of variable interest entities 3,167,000    
Equity in losses (earnings) of unconsolidated entities (114,000) 746,000 (1,371,000)
Realized and unrealized losses on derivative financial instruments 4,294,000 7,426,000 133,000
Loss (gain) on extinguishment of debt 2,167,000 (3,651,000) (152,000)
Decrease (increase) in deferred tax assets, net 62,393,000 29,898,000 (7,764,000)
Net cash provided by trading activities     239,555,000
Net cash provided by loans held for sale activities 67,172,000 1,468,000 1,771,000
Changes in assets and liabilities:      
Decrease in advances and match funded advances 1,443,643,000 842,545,000 447,219,000
Decrease (increase) in receivables and other assets, net (53,870,000) (36,452,000) (48,468,000)
Increase (decrease) in servicer liabilities 1,750,000 (1,196,000) (36,180,000)
Increase (decrease) in other liabilities (4,343,000) (15,470,000) 24,637,000
Other, net 19,626,000 8,780,000 6,987,000
Net cash provided by operating activities 1,815,854,000 982,145,000 727,544,000
Cash flows from investing activities      
Cash Paid to Acquire Business (524,213,000) (2,646,700,000) (1,167,122,000)
Investment in unconsolidated entities   (15,340,000)  
Distributions of capital from unconsolidated entities 3,226,000 2,415,000 3,542,000
Purchase of mortgage servicing rights, net (180,039,000)   (23,425,000)
Proceeds from sale of beneficial interest in consolidated variable interest entities 3,020,000    
Acquisition of advances in connection with the purchase of mortgage servicing rights (1,920,437,000)   (528,882,000)
Proceeds from sale of advance financing subsidiary and special purpose entity 76,334,000    
Proceeds from sale of match funded advances 2,824,645,000    
Additions to premises and equipment (19,217,000) (3,822,000) (3,821,000)
Purchase of real estate (6,501,000)    
Proceeds from sales of real estate 1,701,000 1,678,000 2,434,000
Decrease in restricted cash – for securitization investors 103,000 52,000 1,028,000
Principal payments received on loans – restricted for securitization investors 3,230,000 5,250,000 5,616,000
Proceeds from sale of investments in affordable housing projects   929,000 6,036,000
Other 1,018,000 420,000 888,000
Net cash provided by (used in) investing activities 262,870,000 (2,655,118,000) (1,703,706,000)
Cash flows from financing activities      
Proceeds from (repayment of) match funded liabilities (1,665,330,000) 1,076,422,000 1,016,838,000
Repayment of secured borrowings – owed to securitization investors (6,080,000) (9,382,000) (9,346,000)
Proceeds from lines of credit and other secured borrowings 204,784,000 563,500,000 448,316,000
Repayments of lines of credit and other secured borrowings (822,137,000) (281,768,000) (263,442,000)
Payment of debt issuance costs – senior secured term loan (1,052,000) (13,147,000) (10,689,000)
Proceeds from sale of mortgage servicing rights accounted for as a financing 320,381,000    
Repayment of investment line     (156,968,000)
Redemption of 10.875% Capital Securities (26,829,000)   (11,659,000)
Issuance of common stock   354,445,000  
Exercise of common stock options 6,005,000 1,483,000 3,146,000
Other (12,570,000) (2,142,000) (3,157,000)
Net cash (used in) provided by financing activities (2,002,828,000) 1,689,411,000 1,013,039,000
Net increase in cash 75,896,000 16,438,000 36,877,000
Cash at beginning of year 144,234,000 127,796,000 90,919,000
Cash at end of year 220,130,000 144,234,000 127,796,000
Supplemental cash flow information      
Interest paid 219,825,000 128,947,000 88,354,000
Income tax payments, net 37,199,000 29,461,000 6,756,000
Supplemental non-cash investing and financing activities      
Conversion of 3.25% Convertible Notes to common stock 56,410,000    
Fair value of assets acquired      
Cash (79,511,000) (23,791,000)  
Loans held for sale (558,721,000) (20,633,000)  
Other Assets (62,371,000) (4,888,000) (7,957,000)
(3,759,883,000) (2,701,946,000) (1,174,999,000)
Deferred tax assets (47,346,000)    
Premises and equipment (16,803,000) (3,386,000) (6,728,000)
Goodwill (300,843,000) (57,430,000) (12,810,000)
Debt service accounts (69,287,000)    
Fair value of liabilities assumed      
Match funded liabilities 1,997,459,000    
Lines of credit and other secured borrowings 864,969,000    
Accrued expenses and other liabilities 115,313,000 18,544,000 4,001,000
Total consideration (765,724,000) (2,670,491,000) (1,165,673,000)
Issuance of preferred stock as consideration 162,000,000    
Amount due from seller for purchase price adjustments     (1,449,000)
Business Acquisition, Cash Paid 22,000,000    
Less cash acquired 79,511,000 23,791,000  
Match funded advances
      
Fair value of assets acquired      
Other Assets (2,266,882,000) (2,468,137,000) (1,063,180,000)
Mortgage Servicing Rights [Member]
      
Fair value of assets acquired      
Other Assets (358,119,000) (144,314,000) (84,324,000)
Servicing Liabilities [Member]
      
Fair value of liabilities assumed      
Other Liabilities   8,972,000 709,000
Checks Held for Escheat [Member]
      
Fair value of liabilities assumed      
Other Liabilities 16,418,000 3,939,000 4,616,000
Cash Paid [Member]
      
Fair value of liabilities assumed      
Business Acquisition, Cash Paid (603,724,000) (2,670,491,000) (1,167,122,000)
Cash Paid Net [Member]
      
Fair value of liabilities assumed      
Business Acquisition, Cash Paid $ (524,213,000) $ (2,646,700,000) $ (1,167,122,000)