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NOTE 18 DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of changes in notional balance of holdings of derivatives
    IRLCs     U.S.
Treasury
Futures		     Forward
MBS Trades		     Interest
Rate Caps		     Interest
Rate Swaps		  
                               
Balance at December 31, 2012   $ 1,112,519     $ 109,000     $ 1,638,979     $ 1,025,000     $ 1,495,955  
   Additions     1,468,218       85,000       4,479,506       —       1,280,000  
   Amortization     (227,171 )     —       —       (12,000 )     —  
   Maturities     (1,651,514 )     —       (2,940,387 )     —       (232,174 )
   Terminations     (84,778 )     (194,000 )     (2,471,538 )     —     (105,000 )
Balance at March 31, 2013   $ 617,274     $ —     $ 706,560     $ 1,013,000     $ 2,438,781  
                                         
Fair value of net derivative assets (liabilities) at:                                        
March 31, 2013   $ 4,652     $ —     $ (1,108 )   $ 123     $ (18,758 )
December 31, 2012   $ 5,781     $ (1,258 )   $ (1,719 )   $ 168     $ (10,836 )
                                         
Maturity     Apr. 2013 –
Jun. 2013		       —       Mar. 2013 –
May 2013		       Feb. 2015 –
May 2016		       Mar. 2013 –
May 2027		  
Schedule of gains (losses) on derivative
 
Purpose   Expiration
Date		     Notional
Amount		     Fair Value
(1)		     Gains /
(Losses)		     Consolidated
Statement of
Operations
Caption
Interest rate risk of borrowings                                    
Interest rate swaps                                    
Not designated as qualifying hedges:                                    
Hedge the effects of a change in 1ML on borrowing under an advance funding facility (2)     2013     $ 250,000     $ (1,569 )   $ 1,143     Other, net
Hedge the effects of a change in the lender’s CP rate and 1ML on borrowing under an advance funding facility (3)     2013       297,180       (1,917 )     1,028     Other, net
   Total not designated as hedges             547,180       (3,486 )     2,171      
                                     
Designated as qualifying hedges:                                    
Hedge the effects of changes in 1ML or the lenders’ CP rate on advance funding facilities (4)     2015       201,892       (7,801 )     (55 )   AOCL
Hedge the effects of changes in 1ML or the lenders’ CP rate on advance funding facilities (5)     2015       217,209       (1,915 )     285     AOCL
   Total designated as hedges             419,101       (9,716 )     230      
       Total swaps             966,281       (13,202 )     2,401      
                                     

Interest rate caps

                                    
Not designated as hedges:                                    
Hedge the effects of changes in 1ML on advance funding facilities     2015-2016       1,013,000       123       46   Other, net
           Total hedges of debt             1,979,281       (13,079 )     2,447      
                                     
Interest rate risk of MSRs                                    
Not designated as qualifying hedges:                                    
Interest rate swaps     2014-2027       222,500       1,597       (2,480 )   Other net; Servicing and origination
U.S. Treasury futures     —       —       —       (1,149 )   Other, net
Forward MBS trades     —       —       —       (2,667 )   Other, net
Total hedges of MSRs             222,500       1,597       (6,296 )    
                                     
Risk of change in purchase price of MSRs                                    
Designated as a qualifying hedge:                                    
Interest rate swap (6)     2013       1,250,000       (7,153 )     (7,153 )   AOCL
                                     

Interest rate risk of mortgage loans held for sale and IRLCs

                                    
Not designated as qualifying hedges:                                    
Forward MBS trades     2013       706,560       (1,108 )     10,189     Loss on loans held for sale, net
                                     
IRLCs     2013       617,274       4,652       (1,237 )   Loss on loans held for sale, net
       Total derivatives           $ 4,775,615     $ (15,091 )   $ (2,050 )    
 
(1) Derivatives are reported at fair value in Receivables, Other assets or in Other liabilities on our unaudited Consolidated Balance Sheets.
(2) We discontinued hedge accounting for this hedging relationship effective July 1, 2011 and began amortizing to earnings the $6.2 million of deferred losses in accumulated other comprehensive income. In September 2012, we repaid the advance facility and wrote-off the remaining $2.3 million of unamortized deferred losses in AOCL.
(3) The hedging relationship was terminated when the advance facility was assumed on March 5, 2012 by HLSS. At that time, we wrote-off the $6.0 million of deferred losses in AOCL. See Note 4 – Asset Sales and Financing and Note 14 – Match Funded Liabilities for additional information.

(4) Monthly settlements on this forward-starting swap begin June 2013.
(5) Projected net settlements on the swap for the next twelve months total approximately $5.3 million of payments to the counterparties.
(6) This swap was closed out on April 15, 2013 concurrent with the closing of the last stage of the MSR purchase.
Schedule of statements of operations include following related to derivative financial instrument
    2013     2012  
Servicing and origination expense                
Gains on economic hedges   $ 1,000     $ —  
Loss on loans held for resale, net                
Gains (losses) on economic hedges     8,952     —  
Other, net                
Gains (losses) on economic hedges (1)   (5,079 )   3,405  
Ineffectiveness of cash flow hedges     (657 )     63  
Write-off of losses in AOCL for a discontinued hedge relationship     —       (772 )
Write-off of losses in AOCL for hedge of a financing facility
assumed by HLSS (See Note 4 – Asset Sales and Financing)		     —       (5,958 )
    $ 4,216   $ (3,262 )
(1) Includes a gain of $3.4 million recognized during the three months ended March 31, 2012 from the termination of foreign exchange forward contracts.