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NOTE 21 BUSINESS SEGMENT REPORTING (Tables) | 6 Months Ended
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Jun. 30, 2013
Segment Reporting Information [Line Items] |
Schedule of segment reporting information |
|  | Servicing |  |  | Lending |  |  | Corporate Items and Other |  |  | Corporate Eliminations |  |  | Business Segments Consolidated |
Results of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended June 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 495,033 |  |  | $ | 33,735 |  |  | $ | 1,241 |  |  | $ | (44 | ) |  | $ | 529,965 |
Operating expenses (1) |  |  | 282,651 |  |  |  | 28,941 |  |  |  | 63,248 |  |  |  | (44 | ) |  |  | 374,796 |
Income (loss) from operations |  |  | 212,382 |  |  |  | 4,794 |  |  |  | (62,007 | ) |  |  | — |  |  |  | 155,169 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 3,485 |  |  |  | 4,587 |  |  |  | 1,042 |  |  |  | — |  |  |  | 9,114 |
Interest expense (1) |  |  | (96,073 | ) |  |  | (4,001 | ) |  |  | 206 |  |  |  | — |  |  |  | (99,868 | )
Other |  |  | 17,923 |  |  |  | 4,741 |  |  |  | 431 |  |  |  | — |  |  |  | 23,095 |
Other income (expense), net |  |  | (74,665 | ) |  |  | 5,327 |  |  |  | 1,679 |  |  |  | — |  |  |  | (67,659 | )
Income (loss) before income taxes |  | $ | 137,717 |  |  | $ | 10,121 |  |  | $ | (60,328 | ) |  | $ | — |  |  | $ | 87,510 |
Three Months Ended June 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 210,407 |  |  | $ | — |  |  | $ | 1,204 |  |  | $ | (230 | ) |  | $ | 211,381 |
Operating expenses (1) |  |  | 80,936 |  |  |  | — |  |  |  | 5,099 |  |  |  | (131 | ) |  |  | 85,904 |
Income (loss) from operations |  |  | 129,471 |  |  |  | — |  |  |  | (3,895 | ) |  |  | (99 | ) |  |  | 125,477 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | — |  |  |  | — |  |  |  | 2,038 |  |  |  | — |  |  |  | 2,038 |
Interest expense (1) |  |  | (58,139 | ) |  |  | — |  |  |  | (180 | ) |  |  | — |  |  |  | (58,319 | )
Other |  |  | 1,070 |  |  |  | — |  |  |  | (201 | ) |  |  | 99 |  |  |  | 968 |
Other income (expense), net |  |  | (57,069 | ) |  |  | — |  |  |  | 1,657 |  |  |  | 99 |  |  |  | (55,313 | )
Income (loss) before income taxes |  | $ | 72,402 |  |  | $ |  |  |  | $ | (2,238 | ) |  | $ | — |  |  | $ | 70,164 |
|  | Servicing |  |  | Lending |  |  | Corporate Items and Other |  |  | Corporate Eliminations |  |  | Business Segments Consolidated |
Six Months Ended June 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 869,300 |  |  | $ | 47,643 |  |  | $ | 17,954 |  |  | $ | (89 | ) |  | $ | 934,808 |
Operating expenses (1) |  |  | 494,262 |  |  |  | 40,041 |  |  |  | 84,216 |  |  |  | (89 | ) |  |  | 618,430 |
Income (loss) from operations |  |  | 375,038 |  |  |  | 7,602 |  |  |  | (66,262 | ) |  |  | — |  |  |  | 316,378 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 4,795 |  |  |  | 9,366 |  |  |  | 2,062 |  |  |  | — |  |  |  | 16,223 |
Interest expense (1) |  |  | (186,533 | ) |  |  | (6,829 | ) |  |  | 78 |  |  |  | — |  |  |  | (193,284 | )
Other |  |  | (8,162 | ) |  |  | 5,008 |  |  |  | 2,682 |  |  |  | — |  |  |  | (472 | )
Other income (expense), net |  |  | (189,900 | ) |  |  | 7,545 |  |  |  | 4,822 |  |  |  | — |  |  |  | (177,533 | )
Income (loss) before income taxes |  | $ | 185,138 |  |  | $ | 15,147 |  |  | $ | (61,440 | ) |  | $ | — |  |  | $ | 138,845 |
Six Months Ended June 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 374,586 |  |  | $ | — |  |  | $ | 1,862 |  |  | $ | (535 | ) |  | $ | 375,913 |
Operating expenses (1) |  |  | 163,801 |  |  |  | — |  |  |  | 8,495 |  |  |  | (279 | ) |  |  | 172,017 |
Income (loss) from operations |  |  | 210,785 |  |  |  | — |  |  |  | (6,633 | ) |  |  | (256 | ) |  |  | 203,896 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | — |  |  |  | — |  |  |  | 4,350 |  |  |  | — |  |  |  | 4,350 |
Interest expense (1) |  |  | (104,665 | ) |  |  | — |  |  |  | (578 | ) |  |  | — |  |  |  | (105,243 | )
Other |  |  | 759 |  |  |  | — |  |  |  | (3,735 | ) |  |  | 256 |  |  |  | (2,720 | )
Other income (expense), net |  |  | (103,906 | ) |  |  | — |  |  |  | 37 |  |  |  | 256 |  |  |  | (103,613 | )
Income (loss) before income taxes |  | $ | 106,879 |  |  | $ |  |  |  | $ | (6,596 | ) |  | $ | — |  |  | $ | 100,283 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2013 |  | $ | 5,791,710 |  |  | $ | 599,870 |  |  | $ | 690,700 |  |  | $ | — |  |  | $ | 7,082,280 |
December 31, 2012 |  | $ | 4,474,457 |  |  | $ | 551,733 |  |  | $ | 659,294 |  |  | $ | — |  |  | $ | 5,685,484 |
June 30, 2012 |  | $ | 4,978,986 |  |  | $ | — |  |  | $ | 395,876 |  |  | $ | — |  |  | $ | 5,374,862 |
Depreciation and Amortization |
Segment Reporting Information [Line Items] |
Schedule of segment reporting information |
|  | Servicing |  |  | Lending |  |  | Corporate Items and Other |  |  | Business Segments Consolidated |
Three Months Ended June 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 3,680 |  |  | $ | (160 | ) |  | $ | 2,422 |  |  | $ | 5,942 |
Amortization of MSRs |  |  | 70,369 |  |  |  | — |  |  |  | — |  |  |  | 70,369 |
Amortization of debt discount |  |  | 328 |  |  |  | — |  |  |  | — |  |  |  | 328 |
Amortization of debt issuance costs – SSTL |  |  | 1,192 |  |  |  | — |  |  |  | — |  |  |  | 1,192 |
Three Months Ended June 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 419 |  |  | $ | — |  |  | $ | 686 |  |  | $ | 1,105 |
Amortization of MSRs |  |  | 19,097 |  |  |  | — |  |  |  | — |  |  |  | 19,097 |
Amortization of debt discount |  |  | 735 |  |  |  | — |  |  |  | — |  |  |  | 735 |
Amortization of debt issuance costs – SSTL |  |  | 923 |  |  |  | — |  |  |  | — |  |  |  | 923 |
Six Months Ended June 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 6,378 |  |  | $ | 74 |  |  | $ | 4,003 |  |  | $ | 10,455 |
Amortization of MSRs |  |  | 118,252 |  |  |  | — |  |  |  | — |  |  |  | 118,252 |
Amortization of debt discount |  |  | 752 |  |  |  | — |  |  |  | — |  |  |  | 752 |
Amortization of debt issuance costs – SSTL |  |  | 2,086 |  |  |  | — |  |  |  | — |  |  |  | 2,086 |
Six Months Ended June 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 674 |  |  | $ | — |  |  | $ | 1,263 |  |  | $ | 1,937 |
Amortization of MSRs |  |  | 33,411 |  |  |  | — |  |  |  | — |  |  |  | 33,411 |
Amortization of debt discount |  |  | 1,480 |  |  |  | — |  |  |  | — |  |  |  | 1,480 |
Amortization of debt issuance costs – SSTL |  |  | 1,843 |  |  |  | — |  |  |  | — |  |  |  | 1,843 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -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. + Details
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