NOTE 22 BUSINESS SEGMENT REPORTING (Tables)

9 Months Ended

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

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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