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Derivative Financial Instruments and Hedging Activities (Tables) | 12 Months Ended
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Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Changes in Notional Balances of Holdings of Derivatives | The following table summarizes the changes in the notional balances of our holdings of derivatives during the year ended December 31, 2014:
| IRLCs |  | Forward MBS Trades |  | Interest Rate Caps
Beginning balance | $ | 751,436 |  |  | $ | 950,648 |  |  | $ | 1,868,000 |
Additions | 4,710,504 |  |  | 8,657,112 |  |  | 1,100,000 |
Amortization | 94,571 |  |  | — |  |  | (1,239,000 | )
Maturities | (4,280,676 | ) |  | (3,366,349 | ) |  | — |
Terminations | (1,036,429 | ) |  | (5,537,686 | ) |  | — |
Ending balance | $ | 239,406 |  |  | $ | 703,725 |  |  | $ | 1,729,000 |
Fair value of derivative assets (liabilities) at: |  |  |  |  |  |  |  |
December 31, 2014 | $ | 6,065 |  |  | $ | (2,854 | ) |  | $ | 567 |
December 31, 2013 | $ | 8,433 |  |  | $ | 6,905 |  |  | $ | 442 |
Maturity | Feb. 2015 - Mar. 2015 |  | Feb. 2015 - Mar. 2015 (1) |  | Nov. 2016 - Oct. 2017
(1) | As loans are originated and sold or as loan commitments expire, our forward MBS trade positions mature and are replaced by new positions based upon new loan commitments and originations and expected time to sell.
Summary of Open Derivative Positions and the Gains (Losses) on all Derivatives | The following summarizes our open derivative positions at December 31, 2014 and the losses on all derivatives used in each of the identified hedging programs for the year then ended. None of the derivatives was designated as a hedge for accounting purposes at December 31, 2014:
Purpose |  | Expiration Date |  | Notional Amount |  | Asset / (Liability) at Fair Value (1) |  | Losses |  | Consolidated Statement of Operations Caption
Hedge the effect of changes in interest rates on interest expense on borrowings |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate caps |  |  |  |  |  |  |  |  |  |  |  |  |
Hedge the effect of changes in 1ML on advance funding facilities |  | Nov. 2016 - Oct. 2017 |  | $ | 1,729,000 |  |  | $ | 567 |  |  | $ | 661 |  |  | Other, net
Interest rate risk of mortgage loans held for sale and of IRLCs |  |  |  |  |  |  |  |  |  |  |  |  |
Forward MBS trades |  | Feb 2015 - Mar 2015 |  | 703,725 |  |  | (2,854 | ) |  | 17,214 |  |  | Gain on loans held for sale, net
IRLCs |  | Feb 2015 - Mar 2015 |  | 239,406 |  |  | 6,065 |  |  | 25,822 |  |  | Gain on loans held for sale, net
Total derivatives |  |  |  |  |  |  | $ | 3,778 |  |  | $ | 43,697 |  |  |
(1) | Derivatives are reported at fair value in Receivables, Other assets or in Other liabilities on our Consolidated Balance Sheets.
Schedule of Changes in the Losses on Cash Flow Hedges Included in AOCL | hanges in AOCL during the years ended December 31 were as follows:
| 2014 |  | 2013 |  | 2012
Beginning balance | $ | 10,151 |  |  | $ | 6,441 |  |  | $ | 7,896 |
Additional net losses on cash flow hedges | — |  |  | 12,363 |  |  | 8,315 |
Ineffectiveness of cash flow hedges reclassified to earnings | — |  |  | (657 | ) |  | 41 |
Losses on terminated hedging relationships amortized to earnings | (1,982 | ) |  | (10,816 | ) |  | (10,592 | )
Net increase (decrease) in accumulated losses on cash flow hedges | (1,982 | ) |  | 890 |  |  | (2,236 | )
Decrease in deferred taxes on accumulated losses on cash flow hedges | 248 |  |  | 2,825 |  |  | 786 |
Increase (decrease) in accumulated losses on cash flow hedges, net of taxes | (1,734 | ) |  | 3,715 |  |  | (1,450 | )
Other | (4 | ) |  | (5 | ) |  | (5 | )
Ending balance | $ | 8,413 |  |  | $ | 10,151 |  |  | $ | 6,441 |
Schedule of Other Income (Expense), Net Related to Derivative Financial Instruments | Other income (expense), net, includes the following related to derivative financial instruments for the years ended December 31:
| 2014 |  | 2013 |  | 2012
Gains (losses) on economic hedges | (661 | ) |  | (2,861 | ) |  | 7,331 |
Ineffectiveness of cash flow hedges | — |  |  | (657 | ) |  | 41 |
Write-off of losses in AOCL for a discontinued hedge relationship (1) | (1,982 | ) |  | (10,816 | ) |  | (4,633 | )
Write-off of losses in AOCL for hedge of a financing facility assumed by HLSS (2) | — |  |  | — |  |  | (5,958 | )
| $ | (2,643 | ) |  | $ | (14,334 | ) |  | $ | (3,219 | )
(1) | Includes the write off in 2012 and 2013 of the remaining unamortized losses when a borrowing under the related advance financing facility was repaid in full, and the facility was terminated.

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41678-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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