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NOTE 5 FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail) - (Table 1) (USD $) In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012
--- | --- | ---
Financial assets: |  |  |  |
Loans held for sale, at fair value | $ 335,102 |  | $ 426,480 |
Loans - restricted for securitization investors, at fair value | 290,853 | [1] |  | [1]
Financial liabilities: |  |  |  |
Match funded liabilities | 363,012 |  | 2,532,745 |
Carrying Value |  |  |  |
Financial assets: |  |  |  |
Loans held for sale, at fair value | 335,102 | [2] | 426,480 | [2]
Loans held for sale, at lower of cost or fair value | 86,753 | [3] | 82,866 | [3]
Loans - restricted for securitization investors, at fair value | 290,853 | [2] |  | [2]
Advances and match funded advances | 1,480,012 | [4] | 3,233,707 | [4]
Receivables, net | 223,404 | [4] | 137,713 | [4]
Financial liabilities: |  |  |  |
Match funded liabilities | 363,012 | [4] | 2,532,745 | [4]
Other borrowings: |  |  |  |
Senior secured term loan | 1,287,821 | [4] | 305,997 | [4]
Secured borrowings - owed to securitization investors, at fair value | 284,276 | [2] |  | [2]
Other | 1,020,494 | [4] | 790,682 | [4]
Total Other borrowings | 2,592,591 |  | 1,096,679 |
Carrying Value | Interest Rate Lock Commitments (IRLCs) |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments | 13,491 | [2] | 5,781 | [2]
Carrying Value | Interest rate swaps |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments |  | [2] | (10,836) | [2]
Carrying Value | Forward MBS trades |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments | (12,185) | [2] | (1,719) | [2]
Carrying Value | U.S. Treasury futures |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments |  | [2] | (1,258) | [2]
Carrying Value | Interest rate caps |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments |  | [2] | 168 | [2]
Carrying Value | MSRs acquired |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Mortgage servicing rights | 96,938 | [2] | 85,213 | [2]
Fair Value |  |  |  |
Financial assets: |  |  |  |
Loans held for sale, at fair value | 335,102 | [2] | 426,480 | [2]
Loans held for sale, at lower of cost or fair value | 86,753 | [3] | 82,866 | [3]
Loans - restricted for securitization investors, at fair value | 290,853 | [2] |  | [2]
Advances and match funded advances | 1,480,012 | [4] | 3,233,707 | [4]
Receivables, net | 223,404 | [4] | 137,713 | [4]
Financial liabilities: |  |  |  |
Match funded liabilities | 363,012 | [4] | 2,533,278 | [4]
Other borrowings: |  |  |  |
Senior secured term loan | 1,278,273 | [4] | 310,822 | [4]
Secured borrowings - owed to securitization investors, at fair value | 284,276 | [2] |  | [2]
Other | 1,020,494 | [4] | 790,682 | [4]
Total Other borrowings | 2,583,043 |  | 1,101,504 |
Fair Value | Interest Rate Lock Commitments (IRLCs) |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments | 13,491 | [2] | 5,781 | [2]
Fair Value | Interest rate swaps |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments |  | [2] | (10,836) | [2]
Fair Value | Forward MBS trades |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments | (12,185) | [2] | (1,719) | [2]
Fair Value | U.S. Treasury futures |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments |  | [2] | (1,258) | [2]
Fair Value | Interest rate caps |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Derivative financial instruments |  | [2] | 168 | [2]
Fair Value | MSRs acquired |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |
Mortgage servicing rights | $ 96,938 | [2] | $ 85,213 | [2]
[1] | Loans sold into Ginnie Mae guaranteed securitizations that we include in our Consolidated Financial Statements because the transfers of reverse mortgage loans to the trusts did not qualify for sale accounting treatment. See Note 2 - Securitizations and Variable Interest Entities for additional information.
[2] | Acquired intangible asset related to licenses. The useful life is considered indefinite and therefore the intangible asset is not amortized.
[3] | Measured at fair value on a non-recurring basis.
[4] | Disclosed, but not carried, at fair value.

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