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NOTE 3 TRANSFERS OF FINANCIAL ASSETES (Tables)

9 Months Ended

Sep. 30, 2013

Asset Sales and Financing [Abstract]

Schedule of summary of the assets and liabilities sold to HLSS

		2013				2012
Sale of MSRs accounted for as a financing		$	388,472			$	184,269
Sale of match funded advances			3,489,907				1,088,505
Sale of advance SPEs:
Match funded advances			—				413,374
Debt service account			—				14,786
Prepaid lender fees and debt issuance costs			—				5,422
Other prepaid expenses			—				1,928
Match funded liabilities			—				(358,335	)
Accrued interest payable and other accrued expenses			—				(841	)
Net assets of advance SPEs			—				76,334
Sales price, as adjusted			3,878,379				1,349,108
Amount due to (from) HLSS for post-closing adjustments at September 30			—				(4,260	)
			3,878,379				1,344,848
Amount received from (paid to) HLSS as settlement of post-closing adjustments outstanding at the end of the previous year			1,410				—
Total cash received		$	3,879,789			$	1,344,848

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Tabular disclosure of carrying value of MSRs and advances sold to, and liabilities assumed by the purchaser in an asset sale. The sale of MSRs are accounted for as a financing and the sale of advances qualify for sales accounting.

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