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Business Segment Reporting - Schedule of Segment Reporting Information (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Results of Operations                      
Operating expenses $ 340,876 [1] $ 346,260 [1] $ 371,508 [1] $ 242,650 [1] $ 99,097 $ 92,793 $ 85,904 $ 86,113 $ 1,301,294 $ 363,907 $ 239,547
Other income (expense):                      
Interest income                 22,355 8,329 8,876
Interest expense                 (395,586) (223,455) (132,770)
Income before income taxes                 352,479 257,508 122,995
Total Assets                      
Total assets 7,927,003       5,685,962       7,927,003 5,685,962  
Servicing [Member]
                     
Results of Operations                      
Revenue                 1,895,921 [2] 840,630 [2] 494,834 [2],[3],[4]
Operating expenses                 1,096,084 [2] 344,315 [2] 231,201 [2],[5],[6],[7]
Income (loss) from operations                 799,837 [2] 496,315 [2] 263,633 [2]
Other income (expense):                      
Interest income                 1,599 [2] 9 [2] 110 [2]
Interest expense                 (381,477) [2] (221,948) [2] (132,574) [2]
Other                 (28,292) [2] (13) [2] 4,711 [2],[3],[7]
Other income (expense), net                 (408,170) [2] (221,952) [2] (127,753) [2]
Income before income taxes                 391,667 [2] 274,363 [2] 135,880 [2]
Total Assets                      
Total assets 6,295,976       4,575,489       6,295,976 4,575,489 4,301,371
Lending [Member]
                     
Results of Operations                      
Revenue                 120,899 356    [3],[4]
Operating expenses                 98,194 409    [5],[6],[7]
Income (loss) from operations                 22,705 (53)   
Other income (expense):                      
Interest income                 16,295 309   
Interest expense                 (13,508) (514)   
Other                 10,132       [3],[7]
Other income (expense), net                 12,919 (205)   
Income before income taxes                 35,624 (258)   
Total Assets                      
Total assets 1,195,812       476,434       1,195,812 476,434   
Corporate Items and Other [Member]
                     
Results of Operations                      
Revenue                 22,092 5,122 2,346 [3],[4]
Operating expenses                 107,188 19,667 8,971 [5],[6],[7]
Income (loss) from operations                 (85,096) (14,545) (6,625)
Other income (expense):                      
Interest income                 4,461 8,011 8,766
Interest expense                 (601) (993) (196)
Other                 6,424 (9,070) (14,830) [3],[7]
Other income (expense), net                 10,284 (2,052) (6,260)
Income before income taxes                 (74,812) (16,597) (12,885)
Total Assets                      
Total assets 435,215       634,039       435,215 634,039 426,653
Corporate Eliminations [Member]
                     
Results of Operations                      
Revenue                 (639) (905) (1,289) [3],[4]
Operating expenses                 (172) (484) (625) [5],[6],[7]
Income (loss) from operations                 (467) (421) (664)
Other income (expense):                      
Other                 467 421 664 [3],[7]
Other income (expense), net                 467 421 664
Income before income taxes                 0 0 0
Business Segments Consolidated [Member]
                     
Results of Operations                      
Revenue                 2,038,273 845,203 495,891 [3],[4]
Operating expenses                 1,301,294 363,907 239,547 [5],[6],[7]
Income (loss) from operations                 736,979 481,296 256,344
Other income (expense):                      
Interest income                 22,355 8,329 8,876
Interest expense                 (395,586) (223,455) (132,770)
Other                 (11,269) (8,662) (9,455) [3],[7]
Other income (expense), net                 (384,500) (223,788) (133,349)
Income before income taxes                 352,479 257,508 122,995
Total Assets                      
Total assets $ 7,927,003       $ 5,685,962       $ 7,927,003 $ 5,685,962 $ 4,728,024
[1] Operating expenses for the second quarter of 2013 include a $52.8 million charge recorded in connection with an agreement with the CFPB, various state attorneys general and other agencies regarding certain foreclosure-related matters. See Note 28 — Commitments and Contingencies for additional information regarding this agreement.
[2] As discussed in Note 1A — Restatement and Revision of Previously Issued Consolidated Financial Statements, we are restating our previously issued audited Consolidated Financial Statements as of December 31, 2013 and for the year then ended to correct an error in applying the interest method to financing liabilities in connection with Rights to MSRs sold to HLSS. Interest expense on the HLSS Transaction financing liabilities for the year ended December 31, 2013 has been restated.
[3] Servicing has a contractual right to receive interest income on float balances. However, Corporate controls investment decisions associated with the float balances. Accordingly, Servicing receives revenues generated by those investments that are associated with float balances but are reported in Corporate Items and Other. Gains and losses associated with corporate investment decisions are recognized in Corporate Items and Other.
[4] The total intrinsic value of stock options exercised, which is defined as the amount by which the market value of the stock on the date of exercise exceeds the exercise price, was $35.3 million, $23.9 million and $4.1 million for 2013, 2012 and 2011, respectively.
[5] Operating expenses for 2011 include non-recurring transaction-related expenses associated with the Litton Acquisition of $50.3 million recorded in the Servicing segment.
[6] Depreciation and amortization expense are as follows: Servicing Lending Corporate Items and Other Business Segments ConsolidatedFor the year ended December 31, 2013: Depreciation expense$13,525 $320 $10,400 $24,245Amortization of MSRs282,526 255 — 282,781Amortization of debt discount1,412 — — 1,412Amortization of debt issuance costs – SSTL4,395 — — 4,395 For the year ended December 31, 2012: Depreciation expense$1,469 $8 $4,243 $5,720Amortization of MSRs72,897 — — 72,897Amortization of debt discount3,259 — — 3,259Amortization of debt issuance costs – SSTL3,718 — — 3,718 For the year ended December 31, 2011: Depreciation expense$2,410 $— $1,750 $4,160Amortization of MSRs42,996 — — 42,996Amortization of debt discount8,853 — — 8,853Amortization of debt issuance costs – SSTL9,764 — — 9,764
[7] Intersegment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.