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Consolidated Statements of Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUES      
Net servicing revenue and fees $ 601,510us-gaap_ServicingFeesNet $ 783,389us-gaap_ServicingFeesNet $ 368,509us-gaap_ServicingFeesNet
Net gains on sales of loans 462,172us-gaap_GainLossOnSaleOfMortgageLoans 598,974us-gaap_GainLossOnSaleOfMortgageLoans 648us-gaap_GainLossOnSaleOfMortgageLoans
Interest income on loans 134,555us-gaap_InterestAndFeeIncomeLoansAndLeases 144,651us-gaap_InterestAndFeeIncomeLoansAndLeases 154,351us-gaap_InterestAndFeeIncomeLoansAndLeases
Net fair value gains on reverse loans and related HMBS obligations 109,972wac_FairValueGainLossOnReverseLoansAndRelatedObligation 120,382wac_FairValueGainLossOnReverseLoansAndRelatedObligation 7,279wac_FairValueGainLossOnReverseLoansAndRelatedObligation
Insurance revenue 71,010us-gaap_InsuranceServicesRevenue 84,478us-gaap_InsuranceServicesRevenue 73,249us-gaap_InsuranceServicesRevenue
Other revenues 107,934us-gaap_OtherOperatingIncome 70,625us-gaap_OtherOperatingIncome 19,771us-gaap_OtherOperatingIncome
Total revenues 1,487,153us-gaap_Revenues 1,802,499us-gaap_Revenues 623,807us-gaap_Revenues
EXPENSES      
Salaries and benefits 578,627us-gaap_LaborAndRelatedExpense 549,799us-gaap_LaborAndRelatedExpense 230,107us-gaap_LaborAndRelatedExpense
General and administrative 577,506us-gaap_GeneralAndAdministrativeExpense 480,377us-gaap_GeneralAndAdministrativeExpense 136,236us-gaap_GeneralAndAdministrativeExpense
Interest expense 303,103us-gaap_InterestExpense 272,655us-gaap_InterestExpense 179,671us-gaap_InterestExpense
Depreciation and amortization 72,721us-gaap_DepreciationDepletionAndAmortization 71,027us-gaap_DepreciationDepletionAndAmortization 49,267us-gaap_DepreciationDepletionAndAmortization
Goodwill impairment 82,269us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss
Other expenses, net 10,803us-gaap_OtherCostAndExpenseOperating 9,395us-gaap_OtherCostAndExpenseOperating 22,619us-gaap_OtherCostAndExpenseOperating
Total expenses 1,625,029us-gaap_CostsAndExpenses 1,383,253us-gaap_CostsAndExpenses 617,900us-gaap_CostsAndExpenses
OTHER GAINS (LOSSES)      
Losses on extinguishments 0us-gaap_GainsLossesOnExtinguishmentOfDebt (12,489)us-gaap_GainsLossesOnExtinguishmentOfDebt (48,579)us-gaap_GainsLossesOnExtinguishmentOfDebt
Other net fair value gains 19,280us-gaap_FairValueOptionChangesInFairValueGainLoss1 6,061us-gaap_FairValueOptionChangesInFairValueGainLoss1 7,221us-gaap_FairValueOptionChangesInFairValueGainLoss1
Other (744)us-gaap_OtherNonoperatingIncomeExpense 0us-gaap_OtherNonoperatingIncomeExpense 0us-gaap_OtherNonoperatingIncomeExpense
Total other gains (losses) 18,536wac_OtherGainsLosses (6,428)wac_OtherGainsLosses (41,358)wac_OtherGainsLosses
Income (loss) before income taxes (119,340)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 412,818us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (35,451)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (benefit) (9,012)us-gaap_IncomeTaxExpenseBenefit 159,351us-gaap_IncomeTaxExpenseBenefit (13,317)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) (110,328)us-gaap_NetIncomeLoss 253,467us-gaap_NetIncomeLoss (22,134)us-gaap_NetIncomeLoss
OTHER COMPREHENSIVE INCOME (LOSS) BEFORE TAXES      
Change in postretirement benefits liability 138us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax 58us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax 19us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
Amortization of realized gain (loss) on closed hedges (145)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax (127)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax 68us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
Unrealized gain on available-for-sale security in other assets 77us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax 75us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax 24us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
Other comprehensive income before taxes 70us-gaap_OtherComprehensiveIncomeLossBeforeTax 6us-gaap_OtherComprehensiveIncomeLossBeforeTax 111us-gaap_OtherComprehensiveIncomeLossBeforeTax
Income tax expense for items of other comprehensive income 173us-gaap_OtherComprehensiveIncomeLossTax 1us-gaap_OtherComprehensiveIncomeLossTax 34us-gaap_OtherComprehensiveIncomeLossTax
Other comprehensive income (loss) (103)us-gaap_OtherComprehensiveIncomeLossNetOfTax 5us-gaap_OtherComprehensiveIncomeLossNetOfTax 77us-gaap_OtherComprehensiveIncomeLossNetOfTax
Total comprehensive income (loss) (110,431)us-gaap_ComprehensiveIncomeNetOfTax 253,472us-gaap_ComprehensiveIncomeNetOfTax (22,057)us-gaap_ComprehensiveIncomeNetOfTax
Net income (loss) $ (110,328)us-gaap_NetIncomeLoss $ 253,467us-gaap_NetIncomeLoss $ (22,134)us-gaap_NetIncomeLoss
Basic earnings (loss) per common and common equivalent share (in usd per share) $ (2.93)us-gaap_EarningsPerShareBasic $ 6.75us-gaap_EarningsPerShareBasic $ (0.73)us-gaap_EarningsPerShareBasic
Diluted earnings (loss) per common and common equivalent share (in usd per share) $ (2.93)us-gaap_EarningsPerShareDiluted $ 6.63us-gaap_EarningsPerShareDiluted $ (0.73)us-gaap_EarningsPerShareDiluted
Weighted-average common and common equivalent shares outstanding — basic (in shares) 37,631us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 37,003us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 30,397us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted-average common and common equivalent shares outstanding — diluted (in shares) 37,631us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,701us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 30,397us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding