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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net income $ 45,147 $ 19,349
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization of mortgage servicing rights 47,883 14,314
Amortization of debt discount 424 745
Amortization of debt issuance costs - senior secured term loans 894 920
Depreciation 4,513 833
Loss on sales of loans 1,081   
Realized and unrealized losses on derivative financial instruments, net 5,736 3,262
Loss on extinguishment of debt 17,030  
Increase in deferred tax assets, net (98) (112)
Origination and purchase of loans held for sale (2,515,084)  
Proceeds from sale and collection of loans held for sale 2,629,152 241
Changes in assets and liabilities:    
Decrease in advances and match funded advances 186,420 318,386
Decrease (increase) in receivables and other assets, net (47,860) 15,055
Increase in servicer liabilities 6,472 2,444
Increase (decrease) in other liabilities 12,511 (6,273)
Other, net 7,720 3,846
Net cash provided by operating activities 401,941 373,010
Cash flows from investing activities    
Cash paid to acquire ResCap Servicing Operations (a component of Residential Capital, LLC) (2,097,821)  
Purchase of mortgage servicing rights, net (971)  
Proceeds from sale of advance financing subsidiary and special purpose entity   87,303
Proceeds from sale of match funded advances 713,582  
Proceeds from sale of subsidiaries 86,950  
Net cash acquired in step acquisition of Correspondent One S.A. 22,108  
Distributions of capital from unconsolidated entities 1,300 1,688
Additions to premises and equipment (4,201) (10,661)
Other   1,508
Net cash (used in) provided by investing activities (1,279,053) 79,838
Cash flows from financing activities    
Net proceeds from match funded liabilities 450,239 79,707
Net proceeds from other borrowings 3,778,876  
Repayment of other borrowings (2,985,417) (52,169)
Payment of debt issuance costs - senior secured term loan (24,048)  
Proceeds from sale of mortgage servicing rights accounted for as a financing 100,737 62,495
Redemption of 10.875% Capital Securities   (25)
Exercise of common stock options   1,023
Other   (4,167)
Net cash provided by financing activities 1,320,387 86,864
Net increase in cash 443,275 539,712
Cash at beginning of period 220,130 144,234
Cash at end of period 663,405 683,946
Supplemental non-cash investing and financing activities    
Conversion of 3.25% Convertible Notes to common stock   56,410
Fair value of assets acquired    
Premises and equipment (22,398)  
Goodwill (204,743)  
Receivables and other assets (2,989)  
Fair value of assets acquired, Total (2,246,369)   
Fair value of liabilities assumed    
Accrued expenses and other liabilities 74,340  
Total consideration (2,172,029)   
Amount due to seller for purchase price adjustments (74,208)  
Less cash acquired     
Advances
    
Fair value of assets acquired    
Other assets (1,622,348)   
Mortgage Servicing Rights
    
Fair value of assets acquired    
Other assets (393,891)   
Cash paid
    
Fair value of liabilities assumed    
Cash paid (2,097,821)  
Cash paid net
    
Fair value of liabilities assumed    
Cash paid $ (2,097,821)