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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 4,627 $ 981
Loss on sale of mortgage servicing rights 414 620
Change in fair value of mortgage servicing rights 1,122 10,920
Gain on sale of mortgage loans (31,595) (38,118)
Change in fair value of mortgage loans held-for-sale (5,203) (11,185)
Change in fair value of derivatives lending, net (79) (5,176)
(Recovery) provision for repurchases (1,666) 379
Origination of mortgage loans held-for-sale (1,580,019) (2,349,246)
Sale and principal reduction on mortgage loans held-for-sale 1,558,851 2,077,141
Losses (gains) from REO (1,533) 1,140
Change in fair value of net trust assets, excluding REO (4,786) (1,256)
Change in fair value of long-term debt 2,497  
Accretion of interest income and expense 25,550 33,646
Amortization of intangible and other assets 1,192 1,192
Accretion of contingent consideration 845 1,895
Change in fair value of contingent consideration 539 2,942
Amortization of debt issuance costs and discount on note payable 100 211
Stock-based compensation 500 448
Impairment of deferred charge 276 424
Excess tax benefit (deficiency) from share based compensation (12)  
Net change in restricted cash 15 (1,304)
Net change in other assets and liabilities (13,825) 3,629
Net cash used in operating activities (42,166) (270,717)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net change in securitized mortgage collateral 182,824 131,109
Proceeds (repayments of) from the sale of mortgage servicing rights 481 (620)
Finance receivable advances to customers (183,613) (151,404)
Repayments of finance receivables 208,994 145,593
Net change in mortgages held-for-investment   44
Purchase of premises and equipment (291) (61)
Net principal change on investment securities available-for-sale   12
Proceeds from the sale of REO 6,859 10,229
Net cash provided by investing activities 215,254 134,902
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock   2,079
Borrowings under MSR financing 35,133  
Repayment of warehouse borrowings (1,498,519) (1,993,732)
Borrowings under warehouse agreement 1,519,778 2,292,244
Repayment of term financing (30,000)  
Payment of acquisition related contingent consideration (7,958) (4,144)
Repayment of securitized mortgage borrowings (211,895) (174,436)
Principal payments on capital lease (101) (153)
Debt issuance costs (100)  
Tax payments on stock based compensation awards (21)  
Proceeds from exercise of stock options 30  
Net cash (used in) provided by financing activities (193,653) 121,858
Net change in cash and cash equivalents (20,565) (13,957)
Cash and cash equivalents at beginning of year 40,096 32,409
Cash and cash equivalents at end of period 19,531 18,452
NON-CASH TRANSACTIONS:    
Transfer of securitized mortgage collateral to real estate owned 2,267 10,533
Mortgage servicing rights retained from loan sales and issuance of mortgage backed securities $ 12,066 18,822
Common stock issued upon conversion of debt   $ 20,000