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NOTE 3 BUSINESS ACQUISITIONS (Tables)

3 Months Ended

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

X

- Definition

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+ References

No definition available.

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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)

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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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.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.



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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-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.

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- Definition

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479

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