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NOTE 4 BUSINESS ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2013
ResCap and Homeward Acquisitions
 
Schedule of purchase price allocation
    ResCap     Homeward  
Purchase Price Allocation   March 31,
2013
    Adjustments     Revised     December 31,
2012
    Adjustments     Revised  
Cash   $     $     $     $ 79,511     $     $ 79,511  
Loans held for sale                       558,721             558,721  
Mortgage servicing rights     393,891             393,891       358,119       2,225       360,344  
Advances and match funded advances     1,622,348       (3,492 )     1,618,856   (1)     2,266,882             2,266,882    (1)
Deferred tax assets                       47,346             47,346    (1)
Premises and equipment     22,398       (5,975 )     16,423   (1)     16,803             16,803    (1)
Debt service accounts                       69,287             69,287  
Investment in unconsolidated entities                       5,485             5,485    (1)
Receivables and other assets     2,989               2,989       56,886             56,886  
Match funded liabilities                       (1,997,459 )           (1,997,459 )
Other borrowings                       (864,969 )           (864,969 )
Other liabilities                                                
Liability for indemnification obligations     (49,500 )           (49,500 )     (32,498 )           (32,498 )  (1)
Liability for certain foreclosure matters                             (13,602 )     (13,602 )  (1)
Accrued bonuses                       (35,201 )           (35,201 )
Checks held for escheat                       (16,418 )           (16,418 )  (1)
Other     (24,840 )     (340 )     (25,180 )     (47,614 )           (47,614 )  (1)
Total identifiable net assets     1,967,286       (9,807 )     1,957,479       464,881       (11,377 )     453,504  
Goodwill     204,743       5,295       210,038   (1)     300,843       10,477       311,320    (1)
Total consideration   $ 2,172,029     $ (4,512 )   $ 2,167,517     $ 765,724     $ (900 )   $ 764,824  
(1) Initial fair value estimate
ResCap Acquisition
 
Schedule of revenue and earnings
For the Periods Ended June 30, 2013:   Three Months     Six Months  
Revenues   $ 193,596     $ 266,636  
Net income   $ 43,646     $ 58,525  
 
Schedule of pro forma results of operations
 
For the Periods Ended June 30:   Three Months     Six Months  
    2012     2013     2012  
Revenues   $ 348,430     $ 987,623     $ 652,151  
Net income (loss)   $ 20,335     $ 106,649     $ 14,138  
Homeward Acquisitions
 
Schedule of pro forma results of operations
For the Periods Ended June 30, 2012:   Three Months     Six Months  
Revenues   $ 325,915     $ 603,550  
Net income   $ 53,880     $ 76,808