XML 110 R99.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Results of Operations          
Revenue [1] $ 359,448 $ 404,946 $ 1,063,259 $ 1,378,641  
Expenses [1],[2] 271,678 387,726 985,353 1,118,336  
Other income (expense):          
Interest income 5,158 5,693 14,488 16,306  
Interest expense (110,961) (118,313) (308,083) (362,606)  
Gain on sale of mortgage servicing rights, net 5,661 41,246 7,689 97,958  
Other [1] 14,736 (1,764) 11,841 (12,552)  
Total other expense, net (85,406) (73,138) (274,065) (260,894)  
Income (loss) before income taxes 2,364 (55,918) (196,159) (589)  
Total Assets          
Balance 7,585,450 7,978,977 7,585,450 7,978,977 $ 7,380,308
Servicing [Member]          
Results of Operations          
Revenue [1] 319,080 374,936 951,727 1,269,269  
Expenses [1],[2] 204,434 318,439 741,706 940,764  
Other income (expense):          
Interest income 59 1,175 (102) 3,232  
Interest expense (101,138) (109,357) (278,808) (336,088)  
Gain on sale of mortgage servicing rights, net 5,661 41,246 7,689 97,958  
Other [1] 13,943 (2,303) 11,406 (15,049)  
Total other expense, net (81,475) (69,239) (259,815) (249,947)  
Income (loss) before income taxes 33,171 (12,742) (49,794) 78,558  
Total Assets          
Balance 3,455,598 4,653,917 3,455,598 4,653,917 4,089,064
Lending [Member]          
Results of Operations          
Revenue [1] 30,696 29,662 89,255 106,721  
Expenses [1],[2] 27,735 23,126 78,091 73,497  
Other income (expense):          
Interest income 3,990 3,883 11,805 11,025  
Interest expense (3,684) (2,256) (10,829) (7,058)  
Gain on sale of mortgage servicing rights, net 0 0 0 0  
Other [1] 322 425 982 1,826  
Total other expense, net 628 2,052 1,958 5,793  
Income (loss) before income taxes 3,589 8,588 13,122 39,017  
Total Assets          
Balance 3,662,316 2,571,893 3,662,316 2,571,893 2,811,154
Corporate Items and Other [Member]          
Results of Operations          
Revenue [1] 9,672 348 22,277 2,709  
Expenses [1],[2] 39,509 46,161 165,556 104,133  
Other income (expense):          
Interest income 1,109 635 2,785 2,049  
Interest expense (6,139) (6,700) (18,446) (19,460)  
Gain on sale of mortgage servicing rights, net 0 0 0 0  
Other [1] 471 114 (547) 671  
Total other expense, net (4,559) (5,951) (16,208) (16,740)  
Income (loss) before income taxes (34,396) (51,764) (159,487) (118,164)  
Total Assets          
Balance 467,536 753,167 467,536 753,167 480,090
Corporate Eliminations [Member]          
Results of Operations          
Revenue [1] 0 0 0 (58)  
Expenses [1],[2] 0 0 0 (58)  
Other income (expense):          
Interest income 0 0 0 0  
Interest expense 0 0 0 0  
Gain on sale of mortgage servicing rights, net 0 0 0 0  
Other [1] 0 0 0 0  
Total other expense, net 0 0 0 0  
Income (loss) before income taxes 0 0 0 0  
Total Assets          
Balance $ 0 $ 0 $ 0 $ 0 $ 0
[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 ConsolidatedFor the three months ended September 30, 2016Depreciation expense$2,730 $48 $3,651 $6,429Amortization of mortgage servicing rights(2,634) 76 — (2,558)Amortization of debt discount240 — — 240Amortization of debt issuance costs 3,645 — 332 3,977 For the three months ended September 30, 2015Depreciation expense$694 $96 $4,256 $5,046Amortization of mortgage servicing rights18,023 85 — 18,108Amortization of debt discount329 — — 329Amortization of debt issuance costs 2,981 — 344 3,325 For the nine months ended September 30, 2016Depreciation expense$5,068 $184 $13,025 $18,277Amortization of mortgage servicing rights18,360 235 — 18,595Amortization of debt discount623 — — 623Amortization of debt issuance costs 9,466 — 1,009 10,475 For the nine months ended September 30, 2015Depreciation expense$1,736 $292 $11,439 $13,467Amortization of mortgage servicing rights87,926 262 — 88,188Amortization of debt discount1,022 — — 1,022Amortization of debt issuance costs 9,336 — 1,049 10,385