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NOTE 6 LOANS HELD FOR SALE, AT FAIR VALUE (Tables)
 6 Months Ended
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.