XML 84 R114.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Assets - Narrative (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Mar. 31, 2013
Correspondent One [Member]
Mar. 30, 2013
Correspondent One [Member]
Dec. 31, 2012
Correspondent One [Member]
Jan. 31, 2014
Subsequent Event [Member]
Business Acquisition [Line Items]            
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures (in Dollars) $ 11,771 [1] $ 25,187 [1]     $ 13,400  
Business Acquisition, Percentage of Voting Interests Acquired     100.00% 49.00%    
Purchase price deposit $ 10,000 [2] $ 57,000 [2]       $ 15,000
[1] The balance at December 31, 2012 includes an investment of $13.4 million in Correspondent One. As disclosed in Note 3 — Business Acquisitions, we increased our ownership from 49% to 100% on March 31, 2013. Effective on that date, we began including the accounts of Correspondent One in our consolidated financial statements and eliminated our current investment in consolidation.
[2] The balance at December 31, 2013 represents an initial cash deposit that we made in connection with the agreement we entered into on December 20, 2013 to acquire MSRs and related advances from Wells Fargo Bank, N.A. This deposit along with an additional deposit of $15.0 million that we made in January 2014 will be held in escrow until the transaction closes. The balance at December 31, 2012 represents an earnest money cash deposit we made in connection with the ResCap Acquisition. This deposit was subsequently applied towards the purchase price upon closing of the transaction on February 15, 2013. See Note 3 — Business Acquisitions for additional information.