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NOTE 6 LOANS HELD FOR SALE, AT FAIR VALUE (Tables) | 3 Months Ended
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Mar. 31, 2013
Mortgage Loans On Real Estate [Abstract] |
Schedule of loans held for sale |
Balance at December 31, 2012 |  | $ | 426,480 |
Originations and purchase of loans held for sale |  |  | 2,462,531 |
Proceeds from sale |  |  | (2,563,247 | )
Loss on sale of loans |  |  | (29,786 | )
Decrease in fair value |  |  | (440 | )
Other |  |  | (24 | )
Balance at March 31, 2013 |  | $ | 295,514 |
Schedule of gain on loans held for sale |
|  | 2013 |  |  | 2012 |
Loss on sales of loans (1) |  | $ | (1,081 | ) |  | $ | — |
Changes in fair value of IRLCs |  |  | (1,237 | ) |  |  | — |
Change in fair value of loans held for sale |  |  | (440 | ) |  |  | — |
Gain on hedge instruments |  |  | 10,189 |  |  |  | — |
Provision for representations and warranties |  |  | (512 | ) |  |  | — |
Other |  |  | (170 | ) |  |  | — |
|  | $ | 6,749 |  |  | $ | — |
| (1) | Net of a gain of $28,705 representing the value assigned to MSRs retained on sales of loans.

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