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NOTE 11 GOODWILL

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 11

GOODWILL

The following table provides a summary of activity in the carrying value of goodwill during the six months ended June 30, 2013:

	ResCap Acquisition			Homeward Acquisition			Litton Acquisition		Hom Eq Acquisition		Total
Balance at December 31, 2012	$	—		$	311,320		$	57,430	$	12,810	$	381,560

Derecognition of goodwill in connection with the sale of a business (1) (2)		(128,750	)		(72,309	)		—		—		(201,059	)
ResCap Acquisition (2)		210,038			—			—		—		210,038
Balance at June 30, 2013	$	81,288		$	239,011		$	57,430	$	12,810		390,539
Liberty Acquisition (2)												—
Step acquisition - Correspondent One (2)												101
Balance at June 30, 2013											$	390,640

(1)

On March 29, 2013, we sold the diversified fee-based business acquired in the Homeward Acquisition to Altisource and derecognized the assigned goodwill. On April 12, 2013, we sold the diversified fee-based business acquired in the ResCap Acquisition to Altisource and derecognized the assigned goodwill.

(2)

See Note 4 – Business Acquisitions for additional information regarding this transaction.

For the ResCap Acquisition, the $81.3 million of remaining goodwill is assigned to the Servicing segment. For the Homeward Acquisition, $118.6 million of the remaining goodwill is assigned to the Servicing segment and $120.4 million is assigned to the Lending segment. Subsequent to the initial assignment and prior to the sale to Altisource, $4.7 million of the purchase price allocated to the diversified fee-based business was reallocated to Servicing and Lending. The assignment of goodwill in the ResCap and Homeward Acquisitions is preliminary pending the final purchase price allocation. For the Litton and HomEq Acquisitions, the entire balance of goodwill pertains to the Servicing segment.