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NOTE 3 BUSINESS ACQUISITIONS (Tables) | 3 Months Ended
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Mar. 31, 2013
ResCap and Homeward |
Schedule of purchase price allocation |
Purchase Price Allocation |  | ResCap |  |  | Homeward |
Cash |  | $ | — |  |  | $ | 79,511 |
Loans held for sale (1) |  |  | — |  |  |  | 558,721 |
Mortgage servicing rights (1) |  |  | 393,891 |  |  |  | 358,119 |
Advances and match funded advances (1) |  |  | 1,622,348 |  |  |  | 2,266,882 |
Deferred tax assets (1) |  |  | — |  |  |  | 47,346 |
Premises and equipment (1) |  |  | 22,398 |  |  |  | 16,803 |
Debt service accounts |  |  | — |  |  |  | 69,287 |
Investment in unconsolidated entities (1) |  |  | — |  |  |  | 5,485 |
Receivables and other assets (1) |  |  | 2,989 |  |  |  | 56,886 |
Match funded liabilities |  |  | — |  |  |  | (1,997,459 | )
Other borrowings |  |  | — |  |  |  | (864,969 | )
Accrued bonuses |  |  | — |  |  |  | (35,201 | )
Checks held for escheat (1) |  |  | — |  |  |  | (16,418 | )
Other liabilities (1) |  |  | (74,340 | ) |  |  | (80,112 | )
Total identifiable net assets |  |  | 1,967,286 |  |  |  | 464,881 |
Goodwill (1) |  |  | 204,743 |  |  |  | 300,843 |
Total consideration |  | $ | 2,172,029 |  |  | $ | 765,724 |
| (1) | Initial fair value estimate
Rescap Acquisition |
Schedule of revenue and earnings |
Revenues |  | $ | 74,853 |
Net income |  | $ | 14,879 |
Schedule of pro forma results of operations |
For Three Months Ended March 31: |  | 2013 |  |  | 2012 |
Revenues |  | $ | 529,250 |  |  | $ | 303,735 |
Net income (loss) |  | $ | 51,180 |  |  | $ | (6,197 | )
Homeward Acquisitions |
Schedule of pro forma results of operations |
Revenues |  | $ | 277,635 |
Net income |  | $ | 22,928 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.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. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 55 -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. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -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. + Details
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