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NOTE 9 MORTGAGE SERVICING (Tables)

3 Months Ended

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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