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Business Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2015
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 |  |  |  |  |  |  |  |  |
Three months ended June 30, 2015 |  |  |  |  |  |  |  |  |
Revenue (1) | $ | 423,207 |  |  | $ | 39,312 |  |  | $ | 755 |  |  | $ | (23 | ) |  | $ | 463,251 |
Expenses (1) (2) | 284,413 |  |  | 26,586 |  |  | 41,276 |  |  | (23 | ) |  | 352,252 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 686 |  |  | 3,547 |  |  | 805 |  |  | — |  |  | 5,038 |
Interest expense | (116,101 | ) |  | (2,163 | ) |  | (6,633 | ) |  | — |  |  | (124,897 | )
Other (1) | 21,200 |  |  | 335 |  |  | (175 | ) |  | — |  |  | 21,360 |
Other income (expense), net | (94,215 | ) |  | 1,719 |  |  | (6,003 | ) |  | — |  |  | (98,499 | )
Income (loss) before income taxes | $ | 44,579 |  |  | $ | 14,445 |  |  | $ | (46,524 | ) |  | $ | — |  |  | $ | 12,500 |
Three months ended June 30, 2014 |  |  |  |  |  |  |  |  |
Revenue (1) | $ | 520,480 |  |  | $ | 31,166 |  |  | $ | 1,467 |  |  | $ | (39 | ) |  | $ | 553,074 |
Expenses (1) (2) | 298,101 |  |  | 27,164 |  |  | 20,237 |  |  | (39 | ) |  | 345,463 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 463 |  |  | 4,282 |  |  | 807 |  |  | — |  |  | 5,552 |
Interest expense | (130,630 | ) |  | (2,219 | ) |  | (3,358 | ) |  | — |  |  | (136,207 | )
Other (1) | (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 |
| Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
Six months ended June 30, 2015 |  |  |  |  |  |  |  |  |
Revenue | $ | 894,332 |  |  | $ | 77,059 |  |  | $ | 2,362 |  |  | $ | (58 | ) |  | $ | 973,695 |
Expenses (1) | 622,325 |  |  | 50,372 |  |  | 57,971 |  |  | (58 | ) |  | 730,610 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 2,057 |  |  | 7,143 |  |  | 1,413 |  |  | — |  |  | 10,613 |
Interest expense | (226,730 | ) |  | (4,802 | ) |  | (12,761 | ) |  | — |  |  | (244,293 | )
Other | 43,966 |  |  | 1,401 |  |  | 557 |  |  | — |  |  | 45,924 |
Other income (expense), net | (180,707 | ) |  | 3,742 |  |  | (10,791 | ) |  | — |  |  | (187,756 | )
Income (loss) before income taxes | $ | 91,300 |  |  | $ | 30,429 |  |  | $ | (66,400 | ) |  | $ | — |  |  | $ | 55,329 |
Six months ended June 30, 2014 |  |  |  |  |  |  |  |  |
Revenue | $ | 1,041,302 |  |  | $ | 59,933 |  |  | $ | 3,180 |  |  | $ | (80 | ) |  | $ | 1,104,335 |
Expenses (1) | 606,033 |  |  | 58,629 |  |  | 30,075 |  |  | (80 | ) |  | 694,657 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 902 |  |  | 8,291 |  |  | 1,686 |  |  | — |  |  | 10,879 |
Interest expense (2) | (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 |
| Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
Total Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2015 | $ | 5,033,690 |  |  | $ | 2,380,776 |  |  | $ | 590,173 |  |  | $ | — |  |  | $ | 8,004,639 |
December 31, 2014 | $ | 5,881,862 |  |  | $ | 1,963,729 |  |  | $ | 421,687 |  |  | $ | — |  |  | $ | 8,267,278 |
June 30, 2014 | $ | 6,260,835 |  |  | $ | 1,565,389 |  |  | $ | 538,678 |  |  | $ | — |  |  | $ | 8,364,902 |
(1) | Intersegment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.
(2) | Depreciation and amortization expense are as follows:
| Servicing |  | Lending |  | Corporate Items and Other |  | Business Segments Consolidated
For the three months ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 513 |  |  | $ | 92 |  |  | $ | 3,470 |  |  | $ | 4,075 |
Amortization of mortgage servicing rights | 31,499 |  |  | 87 |  |  | — |  |  | 31,586 |
Amortization of debt discount | 337 |  |  | — |  |  | — |  |  | 337 |
Amortization of debt issuance costs | 3,183 |  |  | — |  |  | 373 |  |  | 3,556 |
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 six months ended June 30, 2015 |  |  |  |  |  |  |
Depreciation expense | $ | 1,042 |  |  | $ | 197 |  |  | $ | 7,181 |  |  | $ | 8,420 |
Amortization of mortgage servicing rights | 69,903 |  |  | 177 |  |  | — |  |  | 70,080 |
Amortization of debt discount | 693 |  |  | — |  |  | — |  |  | 693 |
Amortization of debt issuance costs | 6,606 |  |  | — |  |  | 705 |  |  | 7,311 |
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 |
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, 2015 |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 513 |  |  | $ | 92 |  |  | $ | 3,470 |  |  | $ | 4,075 |
Amortization of mortgage servicing rights | 31,499 |  |  | 87 |  |  | — |  |  | 31,586 |
Amortization of debt discount | 337 |  |  | — |  |  | — |  |  | 337 |
Amortization of debt issuance costs | 3,183 |  |  | — |  |  | 373 |  |  | 3,556 |
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 six months ended June 30, 2015 |  |  |  |  |  |  |
Depreciation expense | $ | 1,042 |  |  | $ | 197 |  |  | $ | 7,181 |  |  | $ | 8,420 |
Amortization of mortgage servicing rights | 69,903 |  |  | 177 |  |  | — |  |  | 70,080 |
Amortization of debt discount | 693 |  |  | — |  |  | — |  |  | 693 |
Amortization of debt issuance costs | 6,606 |  |  | — |  |  | 705 |  |  | 7,311 |
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 |

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