XML 122 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
NOTE 10 RECEIVABLE
 3 Months Ended
Mar. 31, 2013
Receivables [Abstract]  
RECEIVABLES
Note 10 Receivables

Receivables consisted of the following:

March 31, 2013   Receivables     Allowance for
Losses		     Net  
Servicing (1)   $ 74,820     $ (2,024 )   $ 72,796  
Income taxes receivable     52,593       —       52,593  
Due from related parties (2)     28,048       —       28,048  
Other     4,117       (1,996 )     2,121  
    $ 159,578     $ (4,020 )   $ 155,558  
 
December 31, 2012   Receivables     Allowance for
Losses		     Net  
Servicing (1)   $ 84,870     $ (1,647 )   $ 83,223  
Income taxes receivable     55,292       —       55,292  
Due from related parties (2)     12,361       —       12,361  
Other     18,577       (1,994 )     16,583  
    $ 171,100     $ (3,641 )   $ 167,459  

(1) The balances arise from our Servicing business and primarily include reimbursable expenditures due from investors and amounts to be recovered from the custodial accounts of the trustees.

(2) See Note 22 – Related Party Transactions for additional information regarding transactions with Altisource and HLSS.

Receivable balances are evaluated individually for collectibility. The change in the allowance for credit losses for the three months ended March 31, 2013 and 2012 and the balance of the related receivables at those dates were as follows:

    March 31,
2013		     March 31,
2012		  
Allowance for credit losses balance at beginning of the period   $ 1,994     $ 6,281  
Charge offs     —       —  
Provision     —       455  
Other     2     (19 )
Allowance for credit losses balance at end of the period   $ 1,996     $ 6,717  
                 
Receivables balance   $ 4,117     $ 8,416