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Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Cash and cash items $ 49,715 $ 60,039
Interest-earning deposits 681,343 893,495
Cash and cash equivalents 731,058 953,534
Securities classified as trading 313,383 160,775
Securities classified as available-for-sale 481,352 475,225
Loans held-for-sale ($1,629,618 and $2,343,638 at fair value at December 31, 2011 and 2010, respectively) 1,800,885 2,585,200
Loans repurchased with government guarantees 1,899,267 1,674,752
Loans held-for-investment ($22,651 and $19,011 at fair value at December 31, 2011 and 2010, respectively) 7,038,587 6,305,483
Less: allowance for loan losses (318,000) (274,000)
Loans held-for-investment, net 6,720,587 6,031,483
Total interest-earning assets 11,896,817 11,820,930
Accrued interest receivable 105,200 83,893
Repossessed assets, net 114,715 151,085
Federal Home Loan Bank stock 301,737 337,190
Premises and equipment, net 203,578 232,203
Mortgage servicing rights at fair value 510,475 580,299
Other assets 455,236 377,865
Total assets 13,637,473 13,643,504
Liabilities    
Deposits 7,689,988 7,998,099
Federal Home Loan Bank advances 3,953,000 3,725,083
Long-term debt 248,585 248,610
Total interest-bearing liabilities 11,891,573 11,971,792
Accrued interest payable 8,723 12,965
Representation and warranty reserve 120,000 79,400
Other liabilities ($18,300 and $0 at fair value at December 31, 2011 and 2010, respectively) 537,461 319,684
Total liabilities 12,557,757 12,383,841
Commitments and Contingencies - Note 30      
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 December 31, 2011 and 2010, respectively 254,732 249,196
Common stock $0.01 par value, 700,000,000 shares authorized; 555,775,639 and 553,313,113 shares issued and outstanding at December 31, 2011 and 2010, respectively 5,558 5,533
Additional paid in capital 1,466,461 1,461,373
Accumulated other comprehensive loss (7,819) (16,165)
Accumulated deficit (639,216) (440,274)
Total stockholders' equity 1,079,716 1,259,663
Total liabilities and stockholders' equity $ 13,637,473 $ 13,643,504