XML 134 R55.htm IDEA: XBRL DOCUMENT v2.4.0.8
NOTE 21 BUSINESS SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2013
Segment Reporting Information [Line Items]  
Schedule of segment reporting information
    Servicing     Lending     Corporate Items and Other     Corporate Eliminations     Business Segments Consolidated  
Results of Operations                                        
                                         
Three Months Ended June 30, 2013:                                        
Revenue   $ 495,033     $ 33,735     $ 1,241     $ (44 )   $ 529,965  
Operating expenses (1)     282,651       28,941       63,248       (44 )     374,796  
Income (loss) from operations     212,382       4,794       (62,007 )     —       155,169  
Other income (expense), net:                                        
Interest income     3,485       4,587       1,042       —       9,114  
Interest expense (1)     (96,073 )     (4,001 )     206       —       (99,868 )
Other     17,923       4,741       431       —       23,095  
Other income (expense), net     (74,665 )     5,327       1,679       —       (67,659 )
Income (loss) before income taxes   $ 137,717     $ 10,121     $ (60,328 )   $ —     $ 87,510  
                                         
Three Months Ended June 30, 2012:                                        
Revenue   $ 210,407     $ —     $ 1,204     $ (230 )   $ 211,381  
Operating expenses (1)     80,936       —       5,099       (131 )     85,904  
Income (loss) from operations     129,471       —       (3,895 )     (99 )     125,477  
Other income (expense), net:                                        
Interest income     —       —       2,038       —       2,038  
Interest expense (1)     (58,139 )     —       (180 )     —       (58,319 )
Other     1,070       —       (201 )     99       968  
Other income (expense), net     (57,069 )     —       1,657       99       (55,313 )
Income (loss) before income taxes   $ 72,402     $       $ (2,238 )   $ —     $ 70,164  
 
    Servicing     Lending     Corporate Items and Other     Corporate Eliminations     Business Segments Consolidated  
Six Months Ended June 30, 2013:                                        
Revenue   $ 869,300     $ 47,643     $ 17,954     $ (89 )   $ 934,808  
Operating expenses (1)     494,262       40,041       84,216       (89 )     618,430  
Income (loss) from operations     375,038       7,602       (66,262 )     —       316,378  
Other income (expense), net:                                        
Interest income     4,795       9,366       2,062       —       16,223  
Interest expense (1)     (186,533 )     (6,829 )     78       —       (193,284 )
Other     (8,162 )     5,008       2,682       —       (472 )
Other income (expense), net     (189,900 )     7,545       4,822       —       (177,533 )
Income (loss) before income taxes   $ 185,138     $ 15,147     $ (61,440 )   $ —     $ 138,845  
                                         
Six Months Ended June 30, 2012:                                        
Revenue   $ 374,586     $ —     $ 1,862     $ (535 )   $ 375,913  
Operating expenses (1)     163,801       —       8,495       (279 )     172,017  
Income (loss) from operations     210,785       —       (6,633 )     (256 )     203,896  
Other income (expense), net:                                        
Interest income     —       —       4,350       —       4,350  
Interest expense (1)     (104,665 )     —       (578 )     —       (105,243 )
Other     759       —       (3,735 )     256       (2,720 )
Other income (expense), net     (103,906 )     —       37       256       (103,613 )
Income (loss) before income taxes   $ 106,879     $       $ (6,596 )   $ —     $ 100,283  
                                         
Total Assets                                        
June 30, 2013   $ 5,791,710     $ 599,870     $ 690,700     $ —     $ 7,082,280  
December 31, 2012   $ 4,474,457     $ 551,733     $ 659,294     $ —     $ 5,685,484  
June 30, 2012   $ 4,978,986     $ —     $ 395,876     $ —     $ 5,374,862  
Depreciation and Amortization
  
Segment Reporting Information [Line Items]  
Schedule of segment reporting information

 

    Servicing     Lending     Corporate Items and Other     Business Segments Consolidated  
Three Months Ended June 30, 2013:                                
Depreciation expense   $ 3,680     $ (160 )   $ 2,422     $ 5,942  
Amortization of MSRs     70,369       —       —       70,369  
Amortization of debt discount     328       —       —       328  
Amortization of debt issuance costs – SSTL     1,192       —       —       1,192  
                                 
Three Months Ended June 30, 2012:                                
Depreciation expense   $ 419     $ —     $ 686     $ 1,105  
Amortization of MSRs     19,097       —       —       19,097  
Amortization of debt discount     735       —       —       735  
Amortization of debt issuance costs – SSTL     923       —       —       923  
                                 
Six Months Ended June 30, 2013:                                
Depreciation expense   $ 6,378     $ 74     $ 4,003     $ 10,455  
Amortization of MSRs     118,252       —       —       118,252  
Amortization of debt discount     752       —       —       752  
Amortization of debt issuance costs – SSTL     2,086       —       —       2,086  
                                 
Six Months Ended June 30, 2012:                                
Depreciation expense   $ 674     $ —     $ 1,263     $ 1,937  
Amortization of MSRs     33,411       —       —       33,411  
Amortization of debt discount     1,480       —       —       1,480  
Amortization of debt issuance costs – SSTL     1,843       —       —       1,843