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NOTE 3 TRANSFERS OF FINANCIAL ASSETES (Tables) | 6 Months Ended
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Jun. 30, 2013
Asset Sales and Financing [Abstract] |
Schedule of summary of the assets and liabilities sold to HLSS |
|  | 2013 |  |  | 2012 |
Sale of MSRs accounted for as a financing |  | $ | 148,622 |  |  | $ | 73,691 |
Sale of match funded advances |  |  | 1,079,777 |  |  |  | 92,225 |
Sale of advance SPEs: |  |  |  |  |  |  |  |
Match funded advances |  |  | — |  |  |  | 413,374 |
Debt service account |  |  | — |  |  |  | 14,786 |
Prepaid lender fees and debt issuance costs |  |  | — |  |  |  | 5,422 |
Other prepaid expenses |  |  | — |  |  |  | 1,928 |
Match funded liabilities |  |  | — |  |  |  | (358,335 | )
Accrued interest payable and other accrued expenses |  |  | — |  |  |  | (841 | )
Net assets of advance SPEs |  |  | — |  |  |  | 76,334 |
Sales price, as adjusted |  |  | 1,228,399 |  |  |  | 242,250 |
Amount due to HLSS for post-closing adjustments at June 30 |  |  | — |  |  |  | 368 |
Cash received |  | $ | 1,228,399 |  |  | $ | 242,618 |

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- Definition Tabular disclosure of carrying value of MSRs and advances sold to, and liabilities assumed by the purchaser in an asset sale. The sale of MSRs are accounted for as a financing and the sale of advances qualify for sales accounting. + References No definition available. + Details
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