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NOTE 3 TRANSFERS OF FINANCIAL ASSETES (Tables)

6 Months Ended

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.

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