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NOTE 6 LOANS HELD FOR SALE, AT FAIR VALUE (Tables) | 6 Months Ended
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Jun. 30, 2013
Loans Held For Sale At Fair Value [Abstract] |
Schedule of activity in balance of loans held for sale |
Balance at December 31, 2012 |  | $ | 426,480 |
Originations and purchases (1) |  |  | 4,511,255 |
Proceeds from sale |  |  | (4,526,875 | )
Loss on sale of loans |  |  | (37,794 | )
Decrease in fair value |  |  | (11,821 | )
Other |  |  | (101 | )
Balance at June 30, 2013 |  | $ | 361,144 |
| (1) | Purchases include $60.0 million of reverse mortgages acquired in the Liberty Acquisition.
Schedule of activity in Gain on loans held for sale |
|  | Three Months |  |  | Six Months |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Gain on sales of loans (1) |  | $ | 10,179 |  |  | $ | — |  |  | $ | 9,098 |  |  | $ | — |
Changes in fair value of IRLCs |  |  | (11,757 | ) |  |  | — |  |  |  | (12,994 | ) |  |  | — |
Change in fair value of loans held for sale (2) |  |  | (5,216 | ) |  |  | — |  |  |  | (5,656 | ) |  |  | — |
Gain on hedge instruments |  |  | 28,814 |  |  |  | — |  |  |  | 39,003 |  |  |  | — |
Provision for representations and warranties |  |  | (370 | ) |  |  | — |  |  |  | (883 | ) |  |  | — |
Other |  |  | (19 | ) |  |  | — |  |  |  | (188 | ) |  |  | — |
|  | $ | 21,631 |  |  | $ | — |  |  | $ | 28,380 |  |  | $ | — |
| (1) | Includes gains of $18.2 million and $46.9 million for the three and six months ended June 30, 2013, respectively, representing the value assigned to MSRs retained on sales of loans.
| (2) | Includes a gain of $6.2 million recorded during the three months ended June 30, 2013 to adjust Loans – Restricted for Securitization Investors to fair value.

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- Definition Tabular disclosure of loans held for sale carried at fair value. + References No definition available. + Details
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