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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities      
Net loss $ (181,778) $ (374,813) $ (496,678)
Adjustments to net loss to net cash provided by (used in) operating activities      
Provision for loan losses 176,931 426,353 504,370
Depreciation and amortization 15,879 18,298 21,730
Increase in valuation allowance on mortgage servicing rights   961 3,808
Loss on fair value of residential mortgage servicing rights 235,820 172,267 74,254
Stock-based compensation expense 5,113 6,373 622
Net gain on sale of Indiana and Georgia retail bank franchises (21,379)    
Gain on interest rate swap   (747) (534)
Net (gain) loss on the sale of assets (6,000) 4,722 1,811
Net gain on loan sales (300,789) (296,965) (501,250)
Net loss on sales of mortgage servicing rights 7,903 6,977 3,886
Net gain on securities classified as available-for-sale   (6,689) (8,556)
Other than temporary impairment losses on securities classified as available-for-sale 24,039 4,991 20,747
Net gain on trading securities (21,088) (76,529) (5,861)
Net loss on transferor interest 5,673 7,847 82,867
Proceeds from sales of loans held-for-sale 28,115,255 27,328,599 31,581,150
Origination and repurchase of mortgage loans held-for-sale, net of principal repayments (27,178,184) (27,775,451) (32,348,474)
Increase in repurchase of mortgage loans with government guarantees, net of claims received (224,515) (870,311) (720,787)
Purchase of trading securities (131,746) (899,011) (716,130)
Increase in accrued interest receivable (21,307) (17,099) (10,833)
Proceeds from sales of trading securities   1,143,279 1,730,910
(Decrease) increase in other assets (75,813) 125,480 (84,125)
Decrease in accrued interest payable (3,390) (13,121) (9,976)
Net tax effect of stock grants issued     466
Increase (decrease) liability for checks issued 7,353 (11,692) 13,618
Decrease in federal income taxes payable     (36,216)
Increase in payable for mortgage repurchase option 5,190 112,037  
Increase in representation and warranty reserve 40,600 13,400 23,500
Increase in other liabilities 117,902 7,544 29,798
Net cash provided by (used in) operating activities 591,669 (963,300) (845,883)
Investing Activities      
Net change in other investments   15,601 18,931
Proceeds from the sale of investment securities available-for-sale   445,445 175,012
Net (purchase) repayment of investment securities available-for-sale (22,258) (94,074) 91,139
Net proceeds from sales of portfolio loans (70,971) (496,277) (87,529)
Origination of portfolio loans, net of principal repayments (988,200) 716,622 716,462
Redemption of Federal Home Loan Bank stock 35,453 36,253  
Investment in unconsolidated subsidiaries     1,547
Proceeds from the disposition of repossessed assets 119,633 229,271 216,264
Acquisitions of premises and equipment, net of proceeds 13,439 (10,820) (11,605)
Proceeds from the sale of mortgage servicing rights 80,392 131,024 119,815
Net proceeds from sale of Indiana and Georgia retail bank franchises (651,649)    
Net cash (used in) provided by investing activities (1,484,161) 973,045 1,240,036
Financing Activities      
Net increase (decrease) in deposit accounts 364,065 (780,370) 937,464
Net decrease in security repurchase agreements   (108,000)  
Issuance of junior subordinated debt     50,000
Net increase (decrease) in Federal Home Loan Bank advances 227,917 (174,917) (1,300,000)
Payment on other long-term debt (25) (25) (25)
Net receipt (disbursement) of payments of loans serviced for others 81,913 (12,285) (41,894)
Net receipt (disbursement) of escrow payments 7,774 (12,397) (4,154)
Net tax benefit for stock grants issued     (466)
Dividends paid to preferred stockholders (11,628) (13,333) (10,555)
Issuance of preferred stock   274,984 544,365
Issuance of common stock   687,643 6,696
Net cash provided by (used in) financing activities 670,016 (138,700) 181,431
Net (decrease) increase in cash and cash equivalents (222,476) (128,955) 575,584
Beginning cash and cash equivalents 953,534 1,082,489 506,905
Ending cash and cash equivalents 731,058 953,534 1,082,489
Supplemental disclosure of cash flow information:      
Loans held-for-investment transferred to repossessed assets 211,519 557,036 642,092
Total interest payments made on deposits and other borrowings 224,278 335,238 487,774
Federal income taxes paid   1,794 1,510
Reclassification of mortgage loans originated for portfolio to mortgage loans held-for-sale 87,704 499,942 139,590
Reclassification of mortgage loans originated held-for-sale then transferred to portfolio loans 16,733 90,746 52,061
Mortgage servicing rights resulting from sale or securitization of loans 254,824 239,395 336,240
Conversion of convertible trust securities to common stock   50,000  
Mandatory convertible participating voting preferred stock
     
Supplemental disclosure of cash flow information:      
Conversion of mandatory convertible preferred stock to common stock     271,577
Mandatory convertible non-cumulative perpetual preferred stock
     
Supplemental disclosure of cash flow information:      
Conversion of mandatory convertible preferred stock to common stock   $ 274,984