XML 67 R72.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value - Reconciliation of Level 3 Assets (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Purchases, issuances, sales and settlements:        
Transfer from loans held for sale, at fair value     $ 110,874 $ 0
Level 3 [Member]
        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (451,348) (337,387) (514,891) (229,160)
Purchases, issuances, sales and settlements:        
Purchases 0 0 23 72
Issuances 18,114 (235,513) (6,361) (387,044)
Transfer from loans held for sale, at fair value     110,874  
Sales 0 0 0 24,156
Settlements (5,112) [1] 17,316 (16,453) [1] 30,839
Purchases, issuances, sales and settlements, total 13,002 (218,197) 88,083 (331,977)
Total realized and unrealized gains and (losses):        
Included in earnings 760 (722) (10,778) [2] 17,194
Included in Other comprehensive income (loss) 0 0 0 [2] (12,363)
Total realized and unrealized gains and (losses) 760 (722) (10,778) [2] 4,831
Transfers in and / or out of Level 3 0   0  
Ending balance (437,586) (556,306) (437,586) (556,306)
Level 3 [Member] | Loans Held for Investment - Reverse Mortgages [Member]
        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 1,107,626 76,649 618,018 0
Purchases, issuances, sales and settlements:        
Purchases 0 0 0 10,251
Issuances 208,566 211,052 565,670 274,081
Transfer from loans held for sale, at fair value     110,874  
Sales 0 0 0 0
Settlements (27,592) [1] (1,293) (56,193) [1] (2,164)
Purchases, issuances, sales and settlements, total 180,974 209,759 620,351 282,168
Total realized and unrealized gains and (losses):        
Included in earnings 26,724 4,445 76,955 [2] 8,685
Included in Other comprehensive income (loss) 0 0 0 [2] 0
Total realized and unrealized gains and (losses) 26,724 4,445 76,955 [2] 8,685
Transfers in and / or out of Level 3 0 0 0 0
Ending balance 1,315,324 290,853 1,315,324 290,853
Level 3 [Member] | Mortgage Servicing Rights [Member]
        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (629,579) (437,734) (633,804) (303,705)
Purchases, issuances, sales and settlements:        
Purchases 0 0 0 0
Issuances 0 (239,851) 0 (388,473)
Transfer from loans held for sale, at fair value     0  
Sales 0 0 0 0
Settlements 10,724 [1] 17,764 14,949 [1] 32,357
Purchases, issuances, sales and settlements, total 10,724 (222,087) 14,949 (356,116)
Total realized and unrealized gains and (losses):        
Included in earnings 0 0 0 [2] 0
Included in Other comprehensive income (loss) 0 0 0 [2] 0
Total realized and unrealized gains and (losses) 0 0 0 [2] 0
Transfers in and / or out of Level 3 0 0 0 0
Ending balance (618,855) (659,821) (618,855) (659,821)
Level 3 [Member] | HMBS - Related Borrowings [Member]
        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance (1,033,712) (73,641) (615,576) 0
Purchases, issuances, sales and settlements:        
Purchases 0 0 0 (10,179)
Issuances (190,452) (206,714) (572,031) (272,652)
Transfer from loans held for sale, at fair value     0  
Sales 0 0 0 0
Settlements 12,690 [1] 1,021 25,725 [1] 1,888
Purchases, issuances, sales and settlements, total (177,762) (205,693) (546,306) (280,943)
Total realized and unrealized gains and (losses):        
Included in earnings (24,620) (4,942) (74,212) [2] (3,333)
Included in Other comprehensive income (loss) 0 0 0 [2] 0
Total realized and unrealized gains and (losses) (24,620) (4,942) (74,212) [2] (3,333)
Transfers in and / or out of Level 3 0 0 0 0
Ending balance (1,236,094) (284,276) (1,236,094) (284,276)
Level 3 [Member] | Derivative Financial Instruments, Assets [Member]
        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 97 176 442 (10,668)
Purchases, issuances, sales and settlements:        
Purchases 0 0 23 0
Issuances 0 0 0 0
Transfer from loans held for sale, at fair value     0  
Sales 0    0 24,156
Settlements 0 [1] (176) 0 [1] (1,242)
Purchases, issuances, sales and settlements, total 0 (176) 23 22,914
Total realized and unrealized gains and (losses):        
Included in earnings (6) 0 (374) [2] 117
Included in Other comprehensive income (loss) 0 0 0 [2] (12,363)
Total realized and unrealized gains and (losses) (6) 0 (374) [2] (12,246)
Transfers in and / or out of Level 3 0 0 0 0
Ending balance 91 0 91 0
Level 3 [Member] | MSRS [Member]
        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 104,220 97,163 116,029 85,213
Purchases, issuances, sales and settlements:        
Purchases 0 0 0 0
Issuances 0 0 0 0
Transfer from loans held for sale, at fair value     0  
Sales 0 0 0 0
Settlements (934) [1] 0 (934) [1] 0
Purchases, issuances, sales and settlements, total (934) 0 (934) 0
Total realized and unrealized gains and (losses):        
Included in earnings (1,338) (225) (13,147) [2] 11,725
Included in Other comprehensive income (loss) 0 0 0 [2] 0
Total realized and unrealized gains and (losses) (1,338) (225) (13,147) [2] 11,725
Transfers in and / or out of Level 3 0   0  
Ending balance $ 101,948 $ 96,938 $ 101,948 $ 96,938
[1] In the event of a transfer of servicing to another party related to Rights to MSRs sold to HLSS, we are required to reimburse HLSS at predetermined contractual rates for the loss of servicing revenues. Settlements for Financing liability - MSRs pledged for the three and nine months ended September 30, 2014 includes $2.0 million of such reimbursements.
[2] Total losses attributable to derivative financial instruments still held at September 30, 2014 were $0.4 million for the nine months ended September 30, 2014.