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Consolidated Statements of Financial Condition (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Assets    
Cash and cash items $ 46,946 $ 49,715
Interest-earning deposits 711,002 681,343
Cash and cash equivalents 757,948 731,058
Securities classified as trading 307,355 313,383
Securities classified as available-for-sale 448,147 481,352
Loans held-for-sale ($2,132,842 and $1,629,618 at fair value at March 31, 2012 and December 31, 2011, respectively) 2,492,855 1,800,885
Loans repurchased with government guarantees 2,002,999 1,899,267
Loans held-for-investment ($20,365 and $22,651 at fair value at March 31, 2012 and December 31, 2011, respectively) 6,659,538 7,038,587
Less: allowance for loan losses (281,000) (318,000)
Loans held-for-investment, net 6,378,538 6,720,587
Total interest-earning assets 12,340,896 11,896,817
Accrued interest receivable 108,143 105,200
Repossessed assets, net 108,686 114,715
Federal Home Loan Bank stock 301,737 301,737
Premises and equipment, net 206,573 203,578
Mortgage servicing rights at fair value 596,830 510,475
Other assets 332,538 455,236
Total assets 14,042,349 13,637,473
Liabilities and Stockholders' Equity    
Deposits 8,599,153 7,689,988
Federal Home Loan Bank Advances 3,591,000 3,953,000
Long-term debt 248,585 248,585
Total interest-bearing liabilities 12,438,738 11,891,573
Accrued interest payable 10,124 8,723
Representation and warranty reserve 142,000 120,000
Other liabilities ($19,100 and $18,300 at fair value at March 31, 2012 and December 31, 2011, respectively) 364,066 537,461
Total liabilities 12,954,928 12,557,757
Commitments and contingencies - Note 20 0 0
Stockholders' Equity    
Preferred stock $0.01 par value, liquidation value $1,000 per share, 25,000,000 shares authorized; 266,657 issued and outstanding at March 31, 2012 and December 31, 2011, respectively 256,139 254,732
Common stock $0.01 par value, 700,000,000 shares authorized; 557,132,814 and 555,775,639 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 5,571 5,558
Additional paid in capital 1,467,476 1,466,461
Accumulated other comprehensive income (loss) 6,167 (7,819)
Accumulated deficit (647,932) (639,216)
Total stockholders' equity 1,087,421 1,079,716
Total liabilities and stockholders' equity $ 14,042,349 $ 13,637,473