XML 81 R108.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segment Reporting - Schedule of Segment Reporting Information (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Results of Operations      
Operating expenses $ 349,194 $ 243,526  
Other income (expense):      
Interest expense (139,873) (89,459)  
Income before income taxes 71,703 55,292  
Total Assets      
Total assets 8,186,351   7,927,003
Servicing [Member]
      
Results of Operations      
Revenue 520,823 376,083  
Operating expenses 307,933 [1] 211,504 [1]  
Income (loss) from operations 212,890 164,579  
Other income (expense):      
Interest income 439 (614)  
Interest expense (136,386) (86,503)  
Other (320) (25,988)  
Other income (expense), net (136,267) (113,105)  
Income before income taxes 76,623 51,474  
Total Assets      
Total assets 6,333,097 5,997,149 6,295,976
Lending [Member]
      
Results of Operations      
Revenue 28,767 13,908  
Operating expenses 31,464 [1] 11,098 [1]  
Income (loss) from operations (2,697) 2,810  
Other income (expense):      
Interest income 4,009 4,780  
Interest expense (3,451) (2,829)  
Other 2,718 267  
Other income (expense), net 3,276 2,218  
Income before income taxes 579 5,028  
Total Assets      
Total assets 1,326,114 356,668 1,195,812
Corporate Items and Other [Member]
      
Results of Operations      
Revenue 1,711 16,713  
Operating expenses 9,837 [1] 20,969 [1]  
Income (loss) from operations (8,126) (4,256)  
Other income (expense):      
Interest income 879 1,020  
Interest expense (36) (127)  
Other 1,784 2,153  
Other income (expense), net 2,627 3,046  
Income before income taxes (5,499) (1,210)  
Total Assets      
Total assets 527,140 1,083,737 435,215
Corporate Eliminations [Member]
      
Results of Operations      
Revenue (40) (45)  
Operating expenses (40) [1] (45) [1]  
Income (loss) from operations 0 0  
Other income (expense):      
Interest income 0 0  
Interest expense 0 0  
Other 0 0  
Other income (expense), net 0 0  
Income before income taxes 0 0  
Total Assets      
Total assets 0 0 0
Business Segments Consolidated [Member]
      
Results of Operations      
Revenue 551,261 406,659  
Operating expenses 349,194 [1] 243,526 [1]  
Income (loss) from operations 202,067 163,133  
Other income (expense):      
Interest income 5,327 5,186  
Interest expense (139,873) (89,459)  
Other 4,182 (23,568)  
Other income (expense), net (130,364) (107,841)  
Income before income taxes 71,703 55,292  
Total Assets      
Total assets $ 8,186,351 $ 7,437,554 $ 7,927,003
[1] Depreciation and amortization expense are as follows: Servicing Lending Corporate Items and Other Business Segments ConsolidatedFor the three months ended March 31, 2014: Depreciation expense$2,820 $105 $2,615 $5,540Amortization of mortgage servicing rights61,779 115 200 62,094Amortization of debt discount330 — — 330Amortization of debt issuance costs – SSTL1,087 — — 1,087 For the three months ended March 31, 2013: Depreciation expense$2,699 $234 $1,580 $4,513Amortization of mortgage servicing rights47,883 — — 47,883Amortization of debt discount424 — — 424Amortization of debt issuance costs – SSTL894 — — 894