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Business Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2014
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information | Financial information for our segments is as follows:
| Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
Results of Operations |  |  |  |  |  |  |  |  |
For the three months ended June 30, 2014 |  |  |  |  |  |  |  |  |
Revenue | $ | 520,480 |  |  | $ | 31,166 |  |  | $ | 1,467 |  |  | $ | (39 | ) |  | $ | 553,074 |
Operating expenses (1) | 298,101 |  |  | 27,164 |  |  | 20,237 |  |  | (39 | ) |  | 345,463 |
Income (loss) from operations | 222,379 |  |  | 4,002 |  |  | (18,770 | ) |  | — |  |  | 207,611 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 463 |  |  | 4,282 |  |  | 807 |  |  | — |  |  | 5,552 |
Interest expense | (130,630 | ) |  | (2,219 | ) |  | (3,358 | ) |  | — |  |  | (136,207 | )
Other | (684 | ) |  | 988 |  |  | (83 | ) |  | — |  |  | 221 |
Other income (expense), net | (130,851 | ) |  | 3,051 |  |  | (2,634 | ) |  | — |  |  | (130,434 | )
Income (loss) before income taxes | $ | 91,528 |  |  | $ | 7,053 |  |  | $ | (21,404 | ) |  | $ | — |  |  | $ | 77,177 |
For the three months ended June 30, 2013 |  |  |  |  |  |  |  |  |
Revenue | $ | 509,880 |  |  | $ | 33,735 |  |  | $ | 1,241 |  |  | $ | (44 | ) |  | $ | 544,812 |
Operating expenses (1) | 282,651 |  |  | 28,941 |  |  | 63,248 |  |  | (44 | ) |  | 374,796 |
Income (loss) from operations | 227,229 |  |  | 4,794 |  |  | (62,007 | ) |  | — |  |  | 170,016 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 3,485 |  |  | 4,587 |  |  | 1,042 |  |  | — |  |  | 9,114 |
Interest expense (2) | (109,425 | ) |  | (4,001 | ) |  | 206 |  |  | — |  |  | (113,220 | )
Other | 3,079 |  |  | 4,741 |  |  | 428 |  |  | — |  |  | 8,248 |
Other income (expense), net | (102,861 | ) |  | 5,327 |  |  | 1,676 |  |  | — |  |  | (95,858 | )
Income (loss) before income taxes | $ | 124,368 |  |  | $ | 10,121 |  |  | $ | (60,331 | ) |  | $ | — |  |  | $ | 74,158 |
For the six months ended June 30, 2014 |  |  |  |  |  |  |  |  |
Revenue | $ | 1,041,302 |  |  | $ | 59,933 |  |  | $ | 3,180 |  |  | $ | (80 | ) |  | $ | 1,104,335 |
Operating expenses (1) | 606,033 |  |  | 58,629 |  |  | 30,075 |  |  | (80 | ) |  | 694,657 |
Income (loss) from operations | 435,269 |  |  | 1,304 |  |  | (26,895 | ) |  | — |  |  | 409,678 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 902 |  |  | 8,291 |  |  | 1,686 |  |  | — |  |  | 10,879 |
Interest expense | (267,016 | ) |  | (5,670 | ) |  | (3,394 | ) |  | — |  |  | (276,080 | )
Other | (1,004 | ) |  | 3,707 |  |  | 1,700 |  |  | — |  |  | 4,403 |
Other income (expense), net | (267,118 | ) |  | 6,328 |  |  | (8 | ) |  | — |  |  | (260,798 | )
Income (loss) before income taxes | $ | 168,151 |  |  | $ | 7,632 |  |  | $ | (26,903 | ) |  | $ | — |  |  | $ | 148,880 |
For the six months ended June 30, 2013 |  |  |  |  |  |  |  |  |
Revenue | $ | 885,570 |  |  | $ | 47,643 |  |  | $ | 17,954 |  |  | $ | (89 | ) |  | $ | 951,078 |
Operating expenses (1) | 494,262 |  |  | 40,041 |  |  | 84,216 |  |  | (89 | ) |  | 618,430 |
Income (loss) from operations | 391,308 |  |  | 7,602 |  |  | (66,262 | ) |  | — |  |  | 332,648 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 4,795 |  |  | 9,366 |  |  | 2,062 |  |  | — |  |  | 16,223 |
Interest expense (2) | (195,928 | ) |  | (6,829 | ) |  | 78 |  |  | — |  |  | (202,679 | )
Other | (24,331 | ) |  | 5,008 |  |  | 2,581 |  |  | — |  |  | (16,742 | )
Other income (expense), net | (215,464 | ) |  | 7,545 |  |  | 4,721 |  |  | — |  |  | (203,198 | )
Income (loss) before income taxes | $ | 175,844 |  |  | $ | 15,147 |  |  | $ | (61,541 | ) |  | $ | — |  |  | $ | 129,450 |
| Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
Total Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2014 | $ | 6,260,835 |  |  | $ | 1,565,389 |  |  | $ | 538,678 |  |  | $ | — |  |  | $ | 8,364,902 |
December 31, 2013 | $ | 6,295,976 |  |  | $ | 1,195,812 |  |  | $ | 435,215 |  |  | $ | — |  |  | $ | 7,927,003 |
June 30, 2013 | $ | 6,061,783 |  |  | $ | 525,624 |  |  | $ | 673,304 |  |  | $ | — |  |  | $ | 7,260,711 |
(1) | Depreciation and amortization expense are as follows:
Depreciation and Amortization [Member] |
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information | Depreciation and amortization expense are as follows:
| Servicing |  | Lending |  | Corporate Items and Other |  | Business Segments Consolidated
For the three months ended June 30, 2014: |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 2,643 |  |  | $ | 32 |  |  | $ | 2,631 |  |  | $ | 5,306 |
Amortization of mortgage servicing rights | 62,794 |  |  | 404 |  |  | — |  |  | 63,198 |
Amortization of debt discount | 330 |  |  | — |  |  | — |  |  | 330 |
Amortization of debt issuance costs | 1,040 |  |  | — |  |  | 170 |  |  | 1,210 |
For the three months ended June 30, 2013: |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 3,680 |  |  | $ | (160 | ) |  | $ | 2,422 |  |  | $ | 5,942 |
Amortization of mortgage servicing rights | 70,369 |  |  | — |  |  | — |  |  | 70,369 |
Amortization of debt discount | 328 |  |  | — |  |  | — |  |  | 328 |
Amortization of debt issuance costs | 1,192 |  |  | — |  |  | — |  |  | 1,192 |
For the six months ended June 30, 2014 |  |  |  |  |  |  |
Depreciation expense | $ | 5,463 |  |  | $ | 138 |  |  | $ | 5,245 |  |  | $ | 10,846 |
Amortization of mortgage servicing rights | 124,574 |  |  | 519 |  |  | 199 |  |  | 125,292 |
Amortization of debt discount | 661 |  |  | — |  |  | — |  |  | 661 |
Amortization of debt issuance costs | 2,127 |  |  | — |  |  | 170 |  |  | 2,297 |
For the six months ended June 30, 2013 |  |  |  |  |  |  |
Depreciation expense | $ | 6,378 |  |  | $ | 74 |  |  | $ | 4,003 |  |  | $ | 10,455 |
Amortization of mortgage servicing rights | 118,252 |  |  | — |  |  | — |  |  | 118,252 |
Amortization of debt discount | 752 |  |  | — |  |  | — |  |  | 752 |
Amortization of debt issuance costs | 2,086 |  |  | — |  |  | — |  |  | 2,086 |
(2) | Includes interest expense related to financing liabilities recorded in connection with the HLSS Transactions. As discussed in Note 1A — Restatement of Previously Issued Consolidated Financial Statements , we are restating our previously issued audited Consolidated Balance Sheet as of December 31, 2013 as restated on the Form 10-K/A and our previously reported consolidated operating results for the three and six months ended June 30, 2013 to correct an error in applying the interest method to financing liabilities in connection with Rights to MSRs sold to HLSS.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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