XML 95 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash $ 178,512 $ 220,130
Mortgage servicing rights ($116,029 and $85,213 carried at fair value) 2,069,381 764,150
Advances 892,188 184,463
Match funded advances 2,552,383 3,049,244
Loans held for sale ($503,753 and $426,480 carried at fair value) 566,660 509,346
Loans held for investment - reverse mortgages, at fair value 618,018 0
Goodwill 416,558 416,176
Receivables, net 152,516 132,853
Debt service accounts 129,897 88,748
Deferred tax assets, net 116,558 96,893
Premises and equipment, net 53,786 33,247
Other assets 127,313 190,712
Total assets 7,873,770 5,685,962
Liabilities    
Match funded liabilities 2,364,814 2,532,745
Financing liabilities ($615,576 and $0 carried at fair value) 1,284,229 306,308
Other secured borrowings 1,777,669 790,371
Other liabilities 590,375 291,744
Total liabilities 6,017,087 3,921,168
Commitments and Contingencies      
Mezzanine Equity    
Series A Perpetual Convertible Preferred stock, $.01 par value; 200,000 shares authorized; 62,000 and 162,000 shares issued and outstanding at December 31, 2013 and 2012, respectively; redemption value $62,000 plus accrued and unpaid dividends at December 31, 2013 60,361 153,372
Stockholders’ Equity    
Common stock, $.01 par value; 200,000,000 shares authorized; 135,176,271 and 135,637,932 shares issued and outstanding at December 31, 2013 and 2012, respectively 1,352 1,356
Additional paid-in capital 818,427 911,942
Retained earnings 986,694 704,565
Accumulated other comprehensive loss, net of income taxes (10,151) (6,441)
Total stockholders’ equity 1,796,322 1,611,422
Total liabilities, mezzanine equity and stockholders’ equity $ 7,873,770 $ 5,685,962