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Business Segment Reporting (Tables)
 6 Months Ended
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.