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NOTE 14 MATCH FUNDED LIABILITIES (Detail) - (Table 1) (USD $) In Thousands, unless otherwise specified | 9 Months Ended |
--- | --- | ---
Sep. 30, 2013 | Dec. 31, 2012
Available Borrowing Capacity | $ 36,988 | [1] |  |
Balance Outstanding | 363,012 |  | 2,532,745 |
2011-Servicer Advance Revolving Trust 1 |  |  |  |
Interest Rate | 2.23% | [2] |  |
Maturity | May 31, 2043 | [2],[3] |  |
Amortization Date | May 2013 | [2],[3] |  |
Available Borrowing Capacity |  | [1],[2] |  |
Balance Outstanding |  | [2] | 325,000 | [2]
2011-Servicer Advance Revolving Trust 1 |  |  |  |
Interest Rate | 3.37 - 5.92% | [2] |  |
Maturity | May 31, 2043 | [2],[3] |  |
Amortization Date | May 2013 | [2],[3] |  |
Available Borrowing Capacity |  | [1],[2] |  |
Balance Outstanding |  | [2] | 525,000 | [2]
2012-Servicing Advance Revolving Trust 2 |  |  |  |
Interest Rate | 3.27 - 6.90% | [2] |  |
Maturity | Sep. 30, 2043 | [2],[3] |  |
Amortization Date | Sept. 2013 | [2],[3] |  |
Available Borrowing Capacity |  | [1],[2] |  |
Balance Outstanding |  | [2] | 250,000 | [2]
2012-Servicing Advance Revolving Trust 3 |  |  |  |
Interest Rate | 2.98% | [2] |  |
Maturity | Mar. 31, 2043 | [2],[3] |  |
Amortization Date | Mar. 2013 | [2],[3] |  |
Available Borrowing Capacity |  | [1],[2] |  |
Balance Outstanding |  | [2] | 248,999 | [2]
2012-Servicing Advance Revolving Trust 3 |  |  |  |
Interest Rate | 3.72 - 7.04% | [2] |  |
Maturity | Mar. 31, 2044 | [2],[3] |  |
Amortization Date | Mar. 2014 | [2],[3] |  |
Available Borrowing Capacity |  | [1],[2] |  |
Balance Outstanding |  | [2] | 299,278 | [2]
Total fixed rate |  |  |  |
Available Borrowing Capacity |  | [1] |  |
Balance Outstanding |  |  | 1,648,277 |
Advance Receivable Backed Notes |  |  |  |
Interest Rate | 1-month LIBOR (1ML) + 285 bps | [4] |  |
Maturity | Apr. 30, 2015 | [3],[4] |  |
Amortization Date | Apr. 2014 | [3],[4] |  |
Available Borrowing Capacity |  | [1],[4] |  |
Balance Outstanding |  | [4] | 205,016 | [4]
Advance Receivable Backed Notes Series 2012-ADV1 |  |  |  |
Interest Rate | Commercial paper (CP) rate + 225 or 335 bps | [5] |  |
Maturity | Dec. 31, 2043 | [3],[5] |  |
Amortization Date | Dec. 2013 | [3],[5] |  |
Available Borrowing Capacity | 18,959 | [1],[5] |  |
Balance Outstanding | 81,041 | [5] | 232,712 | [5]
Advance Receivable Backed Notes Series 2012-ADV1 |  |  |  |
Interest Rate | 1ML + 250 bps |  |  |
Maturity | Jun. 30, 2016 | [3] |  |
Amortization Date | June 2014 | [3] |  |
Available Borrowing Capacity |  | [1] |  |
Balance Outstanding | 225,000 |  | 94,095 |
Advance Receivable Backed Note |  |  |  |
Interest Rate | 1ML + 300 bps |  |  |
Maturity | Dec. 31, 2015 | [3] |  |
Amortization Date | Dec. 2014 | [3] |  |
Available Borrowing Capacity | 12,383 | [1] |  |
Balance Outstanding | 37,617 |  | 49,138 |
2011-Servicing Advance Revolving Trust 1 |  |  |  |
Interest Rate | 1ML + 300 bps | [2] |  |
Maturity | May 31, 2043 | [2],[3] |  |
Amortization Date | May 2013 | [2],[3] |  |
Available Borrowing Capacity |  | [1],[2] |  |
Balance Outstanding |  | [2] | 204,633 | [2]
2012-Servicing Advance Revolving Trust 2 |  |  |  |
Interest Rate | 1ML + 315 bps | [2] |  |
Maturity | Sep. 30, 2043 | [2],[3] |  |
Amortization Date | Sep. 2013 | [2],[3] |  |
Available Borrowing Capacity |  | [1],[2] |  |
Balance Outstanding |  | [2] | 22,003 | [2]
2012-Servicing Advance Revolving Trust 3 |  |  |  |
Interest Rate | 1ML + 300 bps - 675 bps | [2] |  |
Maturity | Mar. 31, 2044 | [2],[3] |  |
Amortization Date | Mar. 2014 | [2],[3] |  |
Available Borrowing Capacity |  | [1],[2] |  |
Balance Outstanding |  | [2] | 40,626 | [2]
2012-Homeward Agency Advance Funding Trust 2012-1 |  |  |  |
Interest Rate | 1ML + 300 bps | [6] |  |
Maturity | Nov. 30, 2013 | [3],[6] |  |
Amortization Date | Nov. 2013 | [3],[6] |  |
Available Borrowing Capacity | 5,646 | [1],[6] |  |
Balance Outstanding | 19,354 | [6] | 16,094 | [6]
2012-Homeward DSF Advance Revolving Trust 2012-1 |  |  |  |
Interest Rate | 1ML + 450 bps | [2] |  |
Maturity | Feb. 28, 2013 | [2],[3] |  |
Amortization Date | Feb. 2013 | [2],[3] |  |
Available Borrowing Capacity |  | [1],[2] |  |
Balance Outstanding |  | [2] | 20,151 | [2]
Total variable rate |  |  |  |
Available Borrowing Capacity | 36,988 | [1] |  |
Balance Outstanding | $ 363,012 |  | $ 884,468 |
[1] | Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At September 30, 2013, $0.1 million of the available borrowing capacity could be used based on the amount of eligible collateral.
[2] | Facility was repaid in February 2013 from the proceeds of a new $1.4 billion bridge facility (Homeward Residential Bridge Loan Trust - 2013) with an amortization date of August 14, 2013. On July 1, 2013, we repaid the new bridge facility in full from proceeds received on the sale of servicing advances to HLSS.
[3] | The amortization date of our facilities is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended. The maturity date is the date on which all outstanding balances must be repaid. In two advance facilities, there are multiple notes outstanding. For each note, after the amortization date, all collections that represent the repayment of advances pledged to the facility must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed.
[4] | We repaid this facility in full in July 2013.
[5] | On August 30, 2013, we amended this facility to reduce the maximum borrowing capacity to $100 million from $450 million.
[6] | On October 21, 2013, we extended the maturity date of this facility to November 29, 2013 with two optional six-month extensions subject to lender approval.

X
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- Definition Carrying amount of liabilities associated with accumulated prepayments made by financial institutions on behalf of borrowers for principal, interest, taxes (for example, property taxes) and insurance (for example, property and catastrophe) accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented. + References No definition available. + Details
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