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Business Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2016
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 September 30, 2016
Revenue (1) | $ | 319,080 |  |  | $ | 30,696 |  |  | $ | 9,672 |  |  | $ | — |  |  | $ | 359,448 |
Expenses (1) (2) | 204,434 |  |  | 27,735 |  |  | 39,509 |  |  | — |  |  | 271,678 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 59 |  |  | 3,990 |  |  | 1,109 |  |  | — |  |  | 5,158 |
Interest expense | (101,138 | ) |  | (3,684 | ) |  | (6,139 | ) |  | — |  |  | (110,961 | )
Gain on sale of mortgage servicing rights, net | 5,661 |  |  | — |  |  | — |  |  | — |  |  | 5,661 |
Other (1) | 13,943 |  |  | 322 |  |  | 471 |  |  | — |  |  | 14,736 |
Other income (expense), net | (81,475 | ) |  | 628 |  |  | (4,559 | ) |  | — |  |  | (85,406 | )
Income (loss) before income taxes | $ | 33,171 |  |  | $ | 3,589 |  |  | $ | (34,396 | ) |  | $ | — |  |  | $ | 2,364 |
Three months ended September 30, 2015
Revenue (1) | $ | 374,936 |  |  | $ | 29,662 |  |  | $ | 348 |  |  | $ | — |  |  | $ | 404,946 |
Expenses (1) (2) | 318,439 |  |  | 23,126 |  |  | 46,161 |  |  | — |  |  | 387,726 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 1,175 |  |  | 3,883 |  |  | 635 |  |  | — |  |  | 5,693 |
Interest expense | (109,357 | ) |  | (2,256 | ) |  | (6,700 | ) |  | — |  |  | (118,313 | )
Gain on sale of mortgage servicing rights, net | 41,246 |  |  | — |  |  | — |  |  | — |  |  | 41,246 |
Other (1) | (2,303 | ) |  | 425 |  |  | 114 |  |  | — |  |  | (1,764 | )
Other income (expense), net | (69,239 | ) |  | 2,052 |  |  | (5,951 | ) |  | — |  |  | (73,138 | )
Income (loss) before income taxes | $ | (12,742 | ) |  | $ | 8,588 |  |  | $ | (51,764 | ) |  | $ | — |  |  | $ | (55,918 | )
| Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
Nine months ended September 30, 2016
Revenue (1) | $ | 951,727 |  |  | $ | 89,255 |  |  | $ | 22,277 |  |  | $ | — |  |  | $ | 1,063,259 |
Expenses (1) (2) | 741,706 |  |  | 78,091 |  |  | 165,556 |  |  | — |  |  | 985,353 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | (102 | ) |  | 11,805 |  |  | 2,785 |  |  | — |  |  | 14,488 |
Interest expense | (278,808 | ) |  | (10,829 | ) |  | (18,446 | ) |  | — |  |  | (308,083 | )
Gain on sale of mortgage servicing rights, net | 7,689 |  |  | — |  |  | — |  |  | — |  |  | 7,689 |
Other (1) | 11,406 |  |  | 982 |  |  | (547 | ) |  | — |  |  | 11,841 |
Other income (expense), net | (259,815 | ) |  | 1,958 |  |  | (16,208 | ) |  | — |  |  | (274,065 | )
Income (loss) before income taxes | $ | (49,794 | ) |  | $ | 13,122 |  |  | $ | (159,487 | ) |  | $ | — |  |  | $ | (196,159 | )
Nine months ended September 30, 2015
Revenue (1) | $ | 1,269,269 |  |  | $ | 106,721 |  |  | $ | 2,709 |  |  | $ | (58 | ) |  | $ | 1,378,641 |
Expenses (1) (2) | 940,764 |  |  | 73,497 |  |  | 104,133 |  |  | (58 | ) |  | 1,118,336 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 3,232 |  |  | 11,025 |  |  | 2,049 |  |  | — |  |  | 16,306 |
Interest expense | (336,088 | ) |  | (7,058 | ) |  | (19,460 | ) |  | — |  |  | (362,606 | )
Gain on sale of mortgage servicing rights, net | 97,958 |  |  | — |  |  | — |  |  | — |  |  | 97,958 |
Other (1) | (15,049 | ) |  | 1,826 |  |  | 671 |  |  | — |  |  | (12,552 | )
Other income (expense), net | (249,947 | ) |  | 5,793 |  |  | (16,740 | ) |  | — |  |  | (260,894 | )
Income (loss) before income taxes | $ | 78,558 |  |  | $ | 39,017 |  |  | $ | (118,164 | ) |  | $ | — |  |  | $ | (589 | )
| Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
Total Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2016 | $ | 3,455,598 |  |  | $ | 3,662,316 |  |  | $ | 467,536 |  |  | $ | — |  |  | $ | 7,585,450 |
December 31, 2015 | $ | 4,089,064 |  |  | $ | 2,811,154 |  |  | $ | 480,090 |  |  | $ | — |  |  | $ | 7,380,308 |
September 30, 2015 | $ | 4,653,917 |  |  | $ | 2,571,893 |  |  | $ | 753,167 |  |  | $ | — |  |  | $ | 7,978,977 |
(1) | Inter-segment 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 September 30, 2016
Depreciation expense | $ | 2,730 |  |  | $ | 48 |  |  | $ | 3,651 |  |  | $ | 6,429 |
Amortization of mortgage servicing rights | (2,634 | ) |  | 76 |  |  | — |  |  | (2,558 | )
Amortization of debt discount | 240 |  |  | — |  |  | — |  |  | 240 |
Amortization of debt issuance costs | 3,645 |  |  | — |  |  | 332 |  |  | 3,977 |
For the three months ended September 30, 2015
Depreciation expense | $ | 694 |  |  | $ | 96 |  |  | $ | 4,256 |  |  | $ | 5,046 |
Amortization of mortgage servicing rights | 18,023 |  |  | 85 |  |  | — |  |  | 18,108 |
Amortization of debt discount | 329 |  |  | — |  |  | — |  |  | 329 |
Amortization of debt issuance costs | 2,981 |  |  | — |  |  | 344 |  |  | 3,325 |
For the nine months ended September 30, 2016
Depreciation expense | $ | 5,068 |  |  | $ | 184 |  |  | $ | 13,025 |  |  | $ | 18,277 |
Amortization of mortgage servicing rights | 18,360 |  |  | 235 |  |  | — |  |  | 18,595 |
Amortization of debt discount | 623 |  |  | — |  |  | — |  |  | 623 |
Amortization of debt issuance costs | 9,466 |  |  | — |  |  | 1,009 |  |  | 10,475 |
For the nine months ended September 30, 2015
Depreciation expense | $ | 1,736 |  |  | $ | 292 |  |  | $ | 11,439 |  |  | $ | 13,467 |
Amortization of mortgage servicing rights | 87,926 |  |  | 262 |  |  | — |  |  | 88,188 |
Amortization of debt discount | 1,022 |  |  | — |  |  | — |  |  | 1,022 |
Amortization of debt issuance costs | 9,336 |  |  | — |  |  | 1,049 |  |  | 10,385 |
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 September 30, 2016
Depreciation expense | $ | 2,730 |  |  | $ | 48 |  |  | $ | 3,651 |  |  | $ | 6,429 |
Amortization of mortgage servicing rights | (2,634 | ) |  | 76 |  |  | — |  |  | (2,558 | )
Amortization of debt discount | 240 |  |  | — |  |  | — |  |  | 240 |
Amortization of debt issuance costs | 3,645 |  |  | — |  |  | 332 |  |  | 3,977 |
For the three months ended September 30, 2015
Depreciation expense | $ | 694 |  |  | $ | 96 |  |  | $ | 4,256 |  |  | $ | 5,046 |
Amortization of mortgage servicing rights | 18,023 |  |  | 85 |  |  | — |  |  | 18,108 |
Amortization of debt discount | 329 |  |  | — |  |  | — |  |  | 329 |
Amortization of debt issuance costs | 2,981 |  |  | — |  |  | 344 |  |  | 3,325 |
For the nine months ended September 30, 2016
Depreciation expense | $ | 5,068 |  |  | $ | 184 |  |  | $ | 13,025 |  |  | $ | 18,277 |
Amortization of mortgage servicing rights | 18,360 |  |  | 235 |  |  | — |  |  | 18,595 |
Amortization of debt discount | 623 |  |  | — |  |  | — |  |  | 623 |
Amortization of debt issuance costs | 9,466 |  |  | — |  |  | 1,009 |  |  | 10,475 |
For the nine months ended September 30, 2015
Depreciation expense | $ | 1,736 |  |  | $ | 292 |  |  | $ | 11,439 |  |  | $ | 13,467 |
Amortization of mortgage servicing rights | 87,926 |  |  | 262 |  |  | — |  |  | 88,188 |
Amortization of debt discount | 1,022 |  |  | — |  |  | — |  |  | 1,022 |
Amortization of debt issuance costs | 9,336 |  |  | — |  |  | 1,049 |  |  | 10,385 |

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