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NOTE 22 BUSINESS SEGMENT REPORTING (Tables) | 9 Months Ended
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Sep. 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 September 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 496,302 |  |  | $ | 33,539 |  |  | $ | 1,801 |  |  | $ | (402 | ) |  | $ | 531,240 |
Operating expenses (1) |  |  | 305,654 |  |  |  | 29,504 |  |  |  | 11,143 |  |  |  | (41 | ) |  |  | 346,260 |
Income (loss) from operations |  |  | 190,648 |  |  |  | 4,035 |  |  |  | (9,342 | ) |  |  | (361 | ) |  |  | 184,980 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 859 |  |  |  | 3,066 |  |  |  | 1,454 |  |  |  | — |  |  |  | 5,379 |
Interest expense (1) |  |  | (106,848 | ) |  |  | (3,279 | ) |  |  | 72 |  |  |  | — |  |  |  | (110,055 | )
Other |  |  | (6,631 | ) |  |  | 1,843 |  |  |  | 398 |  |  |  | 361 |  |  |  | (4,029 | )
Other income (expense), net |  |  | (112,620 | ) |  |  | 1,630 |  |  |  | 1,924 |  |  |  | 361 |  |  |  | (108,705 | )
Income (loss) before income taxes |  | $ | 78,028 |  |  | $ | 5,665 |  |  | $ | (7,418 | ) |  | $ | — |  |  | $ | 76,275 |
Three Months Ended September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 232,104 |  |  | $ | — |  |  | $ | 873 |  |  | $ | (277 | ) |  | $ | 232,700 |
Operating expenses (1) |  |  | 88,743 |  |  |  | — |  |  |  | 4,162 |  |  |  | (112 | ) |  |  | 92,793 |
Income (loss) from operations |  |  | 143,361 |  |  |  | — |  |  |  | (3,289 | ) |  |  | (165 | ) |  |  | 139,907 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | — |  |  |  | — |  |  |  | 2,084 |  |  |  | — |  |  |  | 2,084 |
Interest expense (1) |  |  | (58,144 | ) |  |  | — |  |  |  | (273 | ) |  |  | — |  |  |  | (58,417 | )
Other |  |  | (963 | ) |  |  | — |  |  |  | (2,030 | ) |  |  | 165 |  |  |  | (2,828 | )
Other income (expense), net |  |  | (59,107 | ) |  |  | — |  |  |  | (219 | ) |  |  | 165 |  |  |  | (59,161 | )
Income (loss) before income taxes |  | $ | 84,254 |  |  | $ | — |  |  | $ | (3,508 | ) |  | $ | — |  |  | $ | 80,746 |
|  | Servicing |  |  | Lending |  |  | Corporate Items and Other |  |  | Corporate Eliminations |  |  | Business Segments Consolidated |
Nine Months Ended September 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 1,381,872 |  |  | $ | 81,180 |  |  | $ | 19,758 |  |  | $ | (492 | ) |  | $ | 1,482,318 |
Operating expenses (1) |  |  | 795,645 |  |  |  | 69,543 |  |  |  | 95,361 |  |  |  | (131 | ) |  |  | 960,418 |
Income (loss) from operations |  |  | 586,227 |  |  |  | 11,637 |  |  |  | (75,603 | ) |  |  | (361 | ) |  |  | 521,900 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 1,382 |  |  |  | 12,432 |  |  |  | 3,516 |  |  |  | — |  |  |  | 17,330 |
Interest expense (1) |  |  | (293,381 | ) |  |  | (10,108 | ) |  |  | 150 |  |  |  | — |  |  |  | (303,339 | )
Other |  |  | (30,961 | ) |  |  | 6,852 |  |  |  | 2,977 |  |  |  | 361 |  |  |  | (20,771 | )
Other income (expense), net |  |  | (322,960 | ) |  |  | 9,176 |  |  |  | 6,643 |  |  |  | 361 |  |  |  | (306,780 | )
Income (loss) before income taxes |  | $ | 263,267 |  |  | $ | 20,813 |  |  | $ | (68,960 | ) |  | $ | — |  |  | $ | 215,120 |
Nine Months Ended September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 606,689 |  |  | $ | — |  |  | $ | 2,736 |  |  | $ | (812 | ) |  | $ | 608,613 |
Operating expenses (1) |  |  | 252,542 |  |  |  | — |  |  |  | 12,659 |  |  |  | (391 | ) |  |  | 264,810 |
Income (loss) from operations |  |  | 354,147 |  |  |  | — |  |  |  | (9,923 | ) |  |  | (421 | ) |  |  | 343,803 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | — |  |  |  | — |  |  |  | 6,434 |  |  |  | — |  |  |  | 6,434 |
Interest expense (1) |  |  | (162,810 | ) |  |  | — |  |  |  | (850 | ) |  |  | — |  |  |  | (163,660 | )
Other |  |  | (204 | ) |  |  | — |  |  |  | (5,765 | ) |  |  | 421 |  |  |  | (5,548 | )
Other income (expense), net |  |  | (163,014 | ) |  |  | — |  |  |  | (181 | ) |  |  | 421 |  |  |  | (162,774 | )
Income (loss) before income taxes |  | $ | 191,133 |  |  | $ |  |  |  | $ | (10,104 | ) |  | $ | — |  |  | $ | 181,029 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2013 |  | $ | 3,925,510 |  |  | $ | 778,777 |  |  | $ | 607,393 |  |  | $ | — |  |  | $ | 5,311,680 |
December 31, 2012 |  | $ | 4,498,043 |  |  | $ | 550,569 |  |  | $ | 634,143 |  |  | $ | — |  |  | $ | 5,682,755 |
September 30, 2012 |  | $ | 3,611,768 |  |  | $ | — |  |  | $ | 544,248 |  |  | $ | — |  |  | $ | 4,156,016 |
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 September 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 3,589 |  |  | $ | 135 |  |  | $ | 2,973 |  |  | $ | 6,697 |
Amortization of MSRs |  |  | 79,035 |  |  |  | 148 |  |  |  | — |  |  |  | 79,183 |
Amortization of debt discount |  |  | 330 |  |  |  | — |  |  |  | — |  |  |  | 330 |
Amortization of debt issuance costs – SSTL |  |  | 1,178 |  |  |  | — |  |  |  | — |  |  |  | 1,178 |
Three Months Ended September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 395 |  |  | $ | — |  |  | $ | 1,564 |  |  | $ | 1,959 |
Amortization of MSRs |  |  | 20,150 |  |  |  | — |  |  |  | — |  |  |  | 20,150 |
Amortization of debt discount |  |  | 1,199 |  |  |  | — |  |  |  | — |  |  |  | 1,199 |
Amortization of debt issuance costs – SSTL |  |  | 1,207 |  |  |  | — |  |  |  | — |  |  |  | 1,207 |
Nine Months Ended September 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 9,968 |  |  | $ | 209 |  |  | $ | 6,976 |  |  | $ | 17,153 |
Amortization of MSRs |  |  | 197,287 |  |  |  | 148 |  |  |  | — |  |  |  | 197,435 |
Amortization of debt discount |  |  | 1,082 |  |  |  | — |  |  |  | — |  |  |  | 1,082 |
Amortization of debt issuance costs – SSTL |  |  | 3,264 |  |  |  | — |  |  |  | — |  |  |  | 3,264 |
Nine Months Ended September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 1,069 |  |  | $ | — |  |  | $ | 2,827 |  |  | $ | 3,896 |
Amortization of MSRs |  |  | 53,561 |  |  |  | — |  |  |  | — |  |  |  | 53,561 |
Amortization of debt discount |  |  | 2,679 |  |  |  | — |  |  |  | — |  |  |  | 2,679 |
Amortization of debt issuance costs – SSTL |  |  | 3,050 |  |  |  | — |  |  |  | — |  |  |  | 3,050 |

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