XML 41 R134.htm IDEA: XBRL DOCUMENT v3.3.0.814
Other Liabilities - Schedule of Other Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Dec. 31, 2013
Feb. 15, 2013
Dec. 31, 2012
Business Acquisition [Line Items]            
Contingent loan repurchase liability $ 310,373 [1] $ 274,265 [1],[2]   $ 0 [2]    
Accrued expenses 167,412 142,592   108,870    
Liability for indemnification obligations 86,873 132,918 $ 143,836 192,716   $ 38,140
Payable to servicing and subservicing investors 13,856 67,722 [3]   33,501 [3]    
Due to related parties 0 [4] 55,585 [4]   77,901    
Liability for selected tax items 48,700 28,436   27,273    
Checks held for escheat 16,131 18,513   24,392    
Liability for certain foreclosure matters [5]   0   66,948    
Other 392,820 [6],[7] 73,503 [6],[7]   58,774    
Other liabilities $ 1,036,165 793,534   644,595    
ResCap [Member]            
Business Acquisition [Line Items]            
Liability for indemnification obligations         $ 49,500  
Liability for certain foreclosure matters         $ 0  
Additional purchase price due seller - ResCap Acquisition   $ 0   $ 54,220    
[1] In connection with the Ginnie Mae EBO Transactions, we have re-recognized certain loans on our consolidated balance sheets and establish a corresponding repurchase liability regardless of our intention to repurchase the loan.
[2] In connection with the Ginnie Mae EBO Transactions, we have re-recognized certain loans on our consolidated balance sheets and establish a corresponding repurchase liability regardless of our intention to repurchase the loan.
[3] The balance represents amounts due to investors in connection with loans we service under servicing and subservicing agreements.
[4] Entities that we reported as related parties at December 31, 2014 are no longer considered to be related parties, and amounts payable to them are now reported within Other.
[5] This liability was settled in May 2014. We recognized $53.5 million of expense in Professional services during 2013 to establish the liability. We recognized the remaining $13.4 million of the liability as an adjustment to the initial purchase price allocation related to the Homeward Acquisition. We applied this measurement period adjustment retrospectively to our Consolidated Balance Sheet at December 31, 2012 with an offsetting increase in goodwill.
[6] The balance at September 30, 2015 includes $180.4 million due in connection with the repurchase of loans from Ginnie Mae securitizations. The repurchased loans are classified as held for sale and carried at the lower of cost or fair value at September 30, 2015. On October 1, 2015, we settled this liability and sold these loans.
[7] The balance at September 30, 2015 includes $80.0 million received prior to the closing of the related sale of MSRs and advances which is expected to occur by early November 2015.