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NOTE 9 MORTGAGE SERVICING (Tables) | 3 Months Ended
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Mar. 31, 2013
Transfers and Servicing [Abstract] |
Schedule of mortgage servicing rights - amortization method |
|  | 2013 |  |  | 2012 |
Balance at December 31, 2012 |  | $ | 676,712 |  |  | $ | 293,152 |
Additions recognized in connection with purchase transactions (1) |  |  | 394,862 |  |  |  | — |
Additions recognized on sale of residential mortgage loans |  |  | 28,705 |  |  |  | — |
Servicing transfers, adjustments and other |  |  | (124 | ) |  |  | (204 | )
Amortization (2) |  |  | (47,987 | ) |  |  | (15,232 | )
Balance at March 31, 2013 |  | $ | 1,052,168 |  |  | $ | 277,716 |
Estimated fair value at March 31 |  | $ | 1,288,732 |  |  | $ | 316,078 |
| (1) | Includes $393.9 million acquired in the ResCap Acquisition. See Note 3 – Business Acquisitions for additional information.
| (2) | Amortization of mortgage servicing rights is reported net of the amortization of servicing liabilities and includes the amount of charges we recognized to increase servicing liability obligations.
Schedule of mortgage servicing rights - fair value measurement method |
Balance at December 31, 2012 |  | $ | 85,213 |
Changes in fair value: |  |  |  |
Due to changes in valuation assumptions |  |  | 4,650 |
Realization of cash flows and other changes |  |  | (5,329 | )
Balance at March 31, 2013 |  | $ | 84,534 |
Scheduel of estimated change in the fair value of MSRs |
|  | Adverse change in fair value |
|  | 10% |  |  | 20% |
Weighted average prepayment speeds |  | $ | (5,164 | ) |  | $ | (9,912 | )
Discount rate (Option-adjusted spread) |  | $ | (2,804 | ) |  | $ | (5,444 | )
Schedule of components of servicing and subservicing fees |
|  | 2013 |  |  | 2012 |
Loan servicing and subservicing fees |  | $ | 269,022 |  |  | $ | 112,589 |
Home Affordable Modification Program (HAMP) fees |  |  | 40,147 |  |  |  | 12,684 |
Late charges |  |  | 25,896 |  |  |  | 18,845 |
Loan collection fees |  |  | 6,382 |  |  |  | 3,339 |
Float earnings |  |  | 1,680 |  |  |  | 787 |
Other |  |  | 26,182 |  |  |  | 6,859 |
|  | $ | 369,309 |  |  | $ | 155,103 |
Schedule of composition of servicing and subservicing portfolios by type of property serviced as measured by UPB |
|  | Residential |  |  | Commercial |  |  | Total |
UPB at March 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Servicing (1) |  | $ | 273,970,522 |  |  | $ | — |  |  | $ | 273,970,522 |
Subservicing |  |  | 195,484,010 |  |  |  | 392,584 |  |  |  | 195,876,594 |
|  | $ | 469,454,532 |  |  | $ | 392,584 |  |  | $ | 469,847,116 |
UPB at December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Servicing (1) |  | $ | 175,762,161 |  |  | $ | — |  |  | $ | 175,762,161 |
Subservicing |  |  | 27,903,555 |  |  |  | 401,031 |  |  |  | 28,304,586 |
|  | $ | 203,665,716 |  |  | $ | 401,031 |  |  | $ | 204,066,747 |
| (1) | Includes UPB of $92.5 billion and $79.4 billion at March 31, 2013 and December 31, 2012, respectively, for which the Rights to MSRs have been sold to HLSS.

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