Note 12 — Goodwill

The following table provides a summary of activity in the carrying value of goodwill during the year ended December 31, 2013. See Note 3 — Business Acquisitions for additional information.



	Liberty Acquisition		ResCap Acquisition			Homeward Acquisition			Litton Acquisition		HomEq Acquisition		Total
Balance at December 31, 2012	$	—	$	—		$	345,936		$	57,430	$	12,810	$	416,176
Recognition of goodwill in connection with a business acquisition	2,963		211,419			—			—		—		214,382
Derecognition of goodwill in connection with the sale of a business	—		(128,750		)	(81,607		)	—		—		(210,357		)
Balance at December 31, 2013	$	2,963	$	82,669		$	264,329		$	57,430	$	12,810	420,201

For the ResCap Acquisition, the $82.7 million of remaining goodwill is assigned to the Servicing segment. For the Homeward Acquisition, $218.2 million of the remaining goodwill is assigned to the Servicing segment and $46.2 million is assigned to the Lending segment. For the Liberty Acquisition, the entire balance is assigned to the Lending segment. The assignment of goodwill in the ResCap and Liberty Acquisitions is preliminary pending the final purchase price allocation. For the Litton and HomEq Acquisitions, the entire balance of goodwill is assigned to the Servicing segment.

We perform an annual impairment test of goodwill as of August 31 of each year. Based on our 2013 annual assessment, we determined that goodwill was not impaired. We elected to perform a qualitative assessment of impairment to determine whether any further quantitative testing for impairment was necessary. No impairment was implied based upon the qualitative assessment; therefore, no further testing was required.