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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating activities      
Net income (loss) $ (110,328)us-gaap_NetIncomeLoss $ 253,467us-gaap_NetIncomeLoss $ (22,134)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
Net fair value gains on reverse loans and related HMBS obligations (109,972)wac_FairValueGainLossOnReverseLoansAndRelatedObligation (120,382)wac_FairValueGainLossOnReverseLoansAndRelatedObligation (7,279)wac_FairValueGainLossOnReverseLoansAndRelatedObligation
Amortization of servicing rights 43,101us-gaap_ServicingAssetAtAmortizedValueAmortization1 42,583us-gaap_ServicingAssetAtAmortizedValueAmortization1 50,461us-gaap_ServicingAssetAtAmortizedValueAmortization1
Change in fair value of servicing rights 273,502us-gaap_ServicingAssetAtFairValuePeriodIncreaseDecrease (48,058)us-gaap_ServicingAssetAtFairValuePeriodIncreaseDecrease 0us-gaap_ServicingAssetAtFairValuePeriodIncreaseDecrease
Change in fair value of excess servicing spread liability (2,114)us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions 0us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions 0us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
Non-Residual Trusts net fair value losses (gains) (9,395)wac_RecurringFairValueNonCashGainLossAdjustmentRelatedToNonResidualTrusts 1,002wac_RecurringFairValueNonCashGainLossAdjustmentRelatedToNonResidualTrusts 4,709wac_RecurringFairValueNonCashGainLossAdjustmentRelatedToNonResidualTrusts
Other net fair value losses 865wac_RecurringFairValueNonCashGainLossAdjustment 5,462wac_RecurringFairValueNonCashGainLossAdjustment 2,433wac_RecurringFairValueNonCashGainLossAdjustment
Accretion of discounts on residential loans and advances (15,744)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments (17,991)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments (17,787)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Accretion of discounts on debt and amortization of deferred debt issuance costs 19,084us-gaap_AmortizationOfFinancingCostsAndDiscounts 21,680us-gaap_AmortizationOfFinancingCostsAndDiscounts 15,600us-gaap_AmortizationOfFinancingCostsAndDiscounts
Amortization of master repurchase agreements deferred issuance costs 6,861us-gaap_AmortizationOfFinancingCosts 6,656us-gaap_AmortizationOfFinancingCosts 0us-gaap_AmortizationOfFinancingCosts
Amortization of servicing advance liabilities deferred issuance costs 7,838wac_AmortizationofServicingAdvanceLiabilitiesDeferredIssuanceCosts 254wac_AmortizationofServicingAdvanceLiabilitiesDeferredIssuanceCosts 169wac_AmortizationofServicingAdvanceLiabilitiesDeferredIssuanceCosts
Provision for uncollectible advances 75,704us-gaap_ProvisionForDoubtfulAccounts 37,993us-gaap_ProvisionForDoubtfulAccounts 13,199us-gaap_ProvisionForDoubtfulAccounts
Depreciation and amortization of premises and equipment and intangible assets 72,721us-gaap_DepreciationDepletionAndAmortization 71,027us-gaap_DepreciationDepletionAndAmortization 49,267us-gaap_DepreciationDepletionAndAmortization
Losses on extinguishments 0us-gaap_GainsLossesOnExtinguishmentOfDebt 12,489us-gaap_GainsLossesOnExtinguishmentOfDebt 48,579us-gaap_GainsLossesOnExtinguishmentOfDebt
Non-Residual Trusts losses on real estate owned, net 505wac_GainsLossesOnSalesOfOtherRealEstateRelatedToNonResidualTrusts 1,086wac_GainsLossesOnSalesOfOtherRealEstateRelatedToNonResidualTrusts 1,387wac_GainsLossesOnSalesOfOtherRealEstateRelatedToNonResidualTrusts
Other gains on real estate owned, net (960)us-gaap_GainsLossesOnSalesOfOtherRealEstate (2,022)us-gaap_GainsLossesOnSalesOfOtherRealEstate (689)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Provision (benefit) for deferred income taxes (35,408)us-gaap_DeferredIncomeTaxExpenseBenefit 97,418us-gaap_DeferredIncomeTaxExpenseBenefit (22,373)us-gaap_DeferredIncomeTaxExpenseBenefit
Share-based compensation 14,533us-gaap_ShareBasedCompensation 13,011us-gaap_ShareBasedCompensation 14,206us-gaap_ShareBasedCompensation
Purchases and originations of residential loans held for sale (18,878,305)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (16,141,573)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (22,259)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale
Proceeds from sales of and payments on residential loans held for sale 19,042,387us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale 15,539,918us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale 15,985us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale
Net gains on sales of loans (462,172)us-gaap_GainLossOnSaleOfMortgageLoans (598,974)us-gaap_GainLossOnSaleOfMortgageLoans (648)us-gaap_GainLossOnSaleOfMortgageLoans
Goodwill impairment 82,269us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss
Other (6,039)us-gaap_OtherNoncashIncomeExpense (1,653)us-gaap_OtherNoncashIncomeExpense 18,818us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities      
Decrease (increase) in receivables 70,495us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (64,270)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (27,183)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Increase in servicer and protective advances (291,383)wac_IncreaseDecreaseInServicerAndProtectiveAdvances (1,069,377)wac_IncreaseDecreaseInServicerAndProtectiveAdvances (25,921)wac_IncreaseDecreaseInServicerAndProtectiveAdvances
Increase in other assets (17,332)us-gaap_IncreaseDecreaseInOtherOperatingAssets (14,327)us-gaap_IncreaseDecreaseInOtherOperatingAssets (754)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (decrease) in payables and accrued liabilities 65,858us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 160,386us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (22,928)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Increase (decrease) in servicer payables (40,841)wac_IncreaseDecreaseInServicerPayables 3,720wac_IncreaseDecreaseInServicerPayables 4,762wac_IncreaseDecreaseInServicerPayables
Cash flows provided by (used in) operating activities (204,270)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (1,810,475)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 69,620us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities      
Purchases and originations of reverse loans held for investment (1,505,215)us-gaap_PaymentsToAcquireLoansHeldForInvestment (3,020,937)us-gaap_PaymentsToAcquireLoansHeldForInvestment (594,315)us-gaap_PaymentsToAcquireLoansHeldForInvestment
Principal payments received on reverse loans held for investment 548,660us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 372,375us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 29,658us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
Principal payments received on mortgage loans related to Residual Trusts 103,637wac_ProceedsFromPrincipalRepaymentsOnForwardLoansRelatedToResidualTrusts 108,274wac_ProceedsFromPrincipalRepaymentsOnForwardLoansRelatedToResidualTrusts 97,038wac_ProceedsFromPrincipalRepaymentsOnForwardLoansRelatedToResidualTrusts
Principal payments received on mortgage loans related to Non-Residual Trusts 58,620wac_ProceedsFromPrincipalRepaymentsOnForwardLoansRelatedToNonResidualTrusts 61,385wac_ProceedsFromPrincipalRepaymentsOnForwardLoansRelatedToNonResidualTrusts 62,884wac_ProceedsFromPrincipalRepaymentsOnForwardLoansRelatedToNonResidualTrusts
Payments received on charged-off loans held for investment 14,929wac_PaymentsReceivedonChargedoffLoansHeldforInvestment 0wac_PaymentsReceivedonChargedoffLoansHeldforInvestment 0wac_PaymentsReceivedonChargedoffLoansHeldforInvestment
Payments received on receivables related to Non-Residual Trusts 9,471wac_PaymentsReceivedOnReceivablesRelatedToNonResidualTrusts 14,804wac_PaymentsReceivedOnReceivablesRelatedToNonResidualTrusts 16,096wac_PaymentsReceivedOnReceivablesRelatedToNonResidualTrusts
Cash proceeds from sales of real estate owned, net related to Residual Trusts 10,842wac_ProceedsFromSaleOfOtherRealEstateRelatedToResidualTrusts 7,730wac_ProceedsFromSaleOfOtherRealEstateRelatedToResidualTrusts 7,861wac_ProceedsFromSaleOfOtherRealEstateRelatedToResidualTrusts
Cash proceeds from sales of real estate owned, net related to Non-Residual Trusts and other 44,464us-gaap_ProceedsFromSaleOfOtherRealEstate 30,694us-gaap_ProceedsFromSaleOfOtherRealEstate 11,383us-gaap_ProceedsFromSaleOfOtherRealEstate
Purchases of premises and equipment (21,573)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (38,639)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (11,408)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Decrease (increase) in restricted cash and cash equivalents 11,333us-gaap_IncreaseDecreaseInRestrictedCash (8,156)us-gaap_IncreaseDecreaseInRestrictedCash 41,332us-gaap_IncreaseDecreaseInRestrictedCash
Payments for acquisitions of businesses, net of cash acquired (197,061)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (492,283)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (103,592)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Acquisitions of servicing rights (268,618)us-gaap_PaymentsToAcquireMortgageServicingRightsMSR (797,165)us-gaap_PaymentsToAcquireMortgageServicingRightsMSR (5,539)us-gaap_PaymentsToAcquireMortgageServicingRightsMSR
Sales of servicing rights 9,499us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR 0us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR 0us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR
Acquisitions of charged-off loans held for investment (64,548)wac_PaymentstoAcquireChargedoffLoansHeldforInvestment 0wac_PaymentstoAcquireChargedoffLoansHeldforInvestment 0wac_PaymentstoAcquireChargedoffLoansHeldforInvestment
Other 1,449us-gaap_PaymentsForProceedsFromOtherInvestingActivities (14,165)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (2,751)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Cash flows used in investing activities (1,244,111)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (3,776,083)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (451,353)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities      
Proceeds from issuance of corporate debt, net of debt issuance costs 0us-gaap_ProceedsFromDebtNetOfIssuanceCosts 3,106,263us-gaap_ProceedsFromDebtNetOfIssuanceCosts 957,037us-gaap_ProceedsFromDebtNetOfIssuanceCosts
Payments on corporate debt (17,220)us-gaap_RepaymentsOfLongTermDebt (362,931)us-gaap_RepaymentsOfLongTermDebt (75,292)us-gaap_RepaymentsOfLongTermDebt
Debt prepayment penalty 0us-gaap_PaymentsOfDebtExtinguishmentCosts 0us-gaap_PaymentsOfDebtExtinguishmentCosts (29,440)us-gaap_PaymentsOfDebtExtinguishmentCosts
Proceeds from securitizations of reverse loans 1,617,399us-gaap_ProceedsFromSecuritizationsOfLoansHeldForInvestment 3,216,096us-gaap_ProceedsFromSecuritizationsOfLoansHeldForInvestment 583,925us-gaap_ProceedsFromSecuritizationsOfLoansHeldForInvestment
Payments on HMBS related obligations (637,272)wac_PaymentsOfHomeEquityConversionMortgageBackedSecurityRelatedObligation (409,331)wac_PaymentsOfHomeEquityConversionMortgageBackedSecurityRelatedObligation (33,496)wac_PaymentsOfHomeEquityConversionMortgageBackedSecurityRelatedObligation
Issuances of servicing advance liabilities 2,299,930us-gaap_ProceedsFromIssuanceOfSecuredDebt 1,604,272us-gaap_ProceedsFromIssuanceOfSecuredDebt 263,833us-gaap_ProceedsFromIssuanceOfSecuredDebt
Payments on servicing advance liabilities (1,905,331)us-gaap_RepaymentsOfSecuredDebt (733,150)us-gaap_RepaymentsOfSecuredDebt (270,708)us-gaap_RepaymentsOfSecuredDebt
Net change in warehouse borrowings related to mortgage loans 75,726wac_NetChangeInMasterRepurchaseAgreementsRelatedToForwardLoansFinancingActivity 929,015wac_NetChangeInMasterRepurchaseAgreementsRelatedToForwardLoansFinancingActivity 6,055wac_NetChangeInMasterRepurchaseAgreementsRelatedToForwardLoansFinancingActivity
Net change in warehouse borrowings related to reverse loans 15,667wac_NetChangeInMasterRepurchaseAgreementsRelatedToReverseLoansFinancingActivity (98,837)wac_NetChangeInMasterRepurchaseAgreementsRelatedToReverseLoansFinancingActivity 11,832wac_NetChangeInMasterRepurchaseAgreementsRelatedToReverseLoansFinancingActivity
Proceeds from sale of excess servicing spread 75,426wac_ProceedsFromSaleOfExcessServicingSpread 0wac_ProceedsFromSaleOfExcessServicingSpread 0wac_ProceedsFromSaleOfExcessServicingSpread
Payments on excess servicing spread liability (6,822)wac_PaymentsonExcessServicingSpreadLiability 0wac_PaymentsonExcessServicingSpreadLiability 0wac_PaymentsonExcessServicingSpreadLiability
Other debt issuance costs paid (17,281)us-gaap_PaymentsOfDebtIssuanceCosts (9,833)us-gaap_PaymentsOfDebtIssuanceCosts (7,192)us-gaap_PaymentsOfDebtIssuanceCosts
Payments on mortgage-backed debt related to Residual Trusts (104,542)wac_RepaymentsOfBeneficialInterestsRelatedToResidualTrusts (112,449)wac_RepaymentsOfBeneficialInterestsRelatedToResidualTrusts (98,105)wac_RepaymentsOfBeneficialInterestsRelatedToResidualTrusts
Payments on mortgage-backed debt related to Non-Residual Trusts (76,613)wac_RepaymentsOfBeneficialInterestsRelatedToNonResidualTrusts (87,920)wac_RepaymentsOfBeneficialInterestsRelatedToNonResidualTrusts (92,716)wac_RepaymentsOfBeneficialInterestsRelatedToNonResidualTrusts
Extinguishments and settlement of debt and mortgage-backed debt 0wac_RepaymentsofDebtandMortgageBackedDebtExtinguished (1,405,424)wac_RepaymentsofDebtandMortgageBackedDebtExtinguished (690,000)wac_RepaymentsofDebtandMortgageBackedDebtExtinguished
Secondary equity offering, net of issuance costs 0us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock 276,013us-gaap_ProceedsFromIssuanceOfCommonStock
Other (42,396)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 618us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 3,302us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Cash flows provided by (used in) financing activities 1,276,671us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 5,636,389us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 805,048us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents (171,710)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 49,831us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 423,315us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at the beginning of the year 491,885us-gaap_CashAndCashEquivalentsAtCarryingValue 442,054us-gaap_CashAndCashEquivalentsAtCarryingValue 18,739us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at the end of the year $ 320,175us-gaap_CashAndCashEquivalentsAtCarryingValue $ 491,885us-gaap_CashAndCashEquivalentsAtCarryingValue $ 442,054us-gaap_CashAndCashEquivalentsAtCarryingValue