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NOTE 16 OTHER LIABILITIES (Tables) | 3 Months Ended
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Mar. 31, 2013
Other Liabilities [Abstract] |
Schedule of other liabilities |
|  | March 31, 2013 |  |  | December 31, 2012 |
Accrued expenses (1) |  | $ | 174,645 |  |  | $ | 106,376 |
Amount due seller for purchase price adjustments – ResCap Acquisition |  |  | 74,208 |  |  |  | — |
Due to related parties (2) |  |  | 47,884 |  |  |  | 45,034 |
Checks held for escheat |  |  | 31,645 |  |  |  | 33,225 |
Payable to servicing and subservicing investors (3) |  |  | 24,023 |  |  |  | 9,973 |
Liability for selected tax items |  |  | 22,338 |  |  |  | 22,702 |
Derivatives, at fair value (4) |  |  | 21,863 |  |  |  | 18,658 |
Servicing liabilities (5) |  |  | 9,726 |  |  |  | 9,830 |
Accrued interest payable |  |  | 6,978 |  |  |  | 5,410 |
Other |  |  | 57,697 |  |  |  | 26,456 |
|  | $ | 471,007 |  |  | $ | 277,664 |
| (1) | Includes $59.3 million of accrued expenses attributable to the ResCap Acquisition including $49.0 million of accruals for compensatory fees for foreclosures that may ultimately exceed investor timelines.
| (2) | See Note 22 – Related Party Transactions for additional information.
| (3) | The balance represents amounts due to investors in connection with loans we service under servicing and subservicing agreements.
| (4) | See Note 18 – Derivative Financial Instruments for additional information.
| (5) | During the three months ended March 31, 2013 and 2012, amortization of servicing liabilities exceeded the amount of charges we recognized to increase our servicing liability obligations by $0.1 million and $.0.9 million, respectively. Amortization of mortgage servicing rights is reported net of this amount in the unaudited Consolidated Statement of Operations.

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