NOTE 16 OTHER LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2013

	March 31, 2013		December 31, 2012
Accrued expenses (1)	$	174,645	$	106,376
Amount due seller for purchase price adjustments – ResCap Acquisition		74,208		—
Due to related parties (2)		47,884		45,034
Checks held for escheat		31,645		33,225
Payable to servicing and subservicing investors (3)		24,023		9,973
Liability for selected tax items		22,338		22,702
Derivatives, at fair value (4)		21,863		18,658
Servicing liabilities (5)		9,726		9,830
Accrued interest payable		6,978		5,410
Other		57,697		26,456
	$	471,007	$	277,664

(1)

Includes $59.3 million of accrued expenses attributable to the ResCap Acquisition including $49.0 million of accruals for compensatory fees for foreclosures that may ultimately exceed investor timelines.

(2)

See Note 22 – Related Party Transactions for additional information.

(3)

The balance represents amounts due to investors in connection with loans we service under servicing and subservicing agreements.

(4)

See Note 18 – Derivative Financial Instruments for additional information.

(5)

During the three months ended March 31, 2013 and 2012, amortization of servicing liabilities exceeded the amount of charges we recognized to increase our servicing liability obligations by $0.1 million and $.0.9 million, respectively. Amortization of mortgage servicing rights is reported net of this amount in the unaudited Consolidated Statement of Operations.