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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities    
Net income (loss) $ (31,008)us-gaap_NetIncomeLoss $ 17,377us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net fair value gains on reverse loans and related HMBS obligations (30,774)wac_FairValueGainLossOnReverseLoansAndRelatedObligation (17,236)wac_FairValueGainLossOnReverseLoansAndRelatedObligation
Amortization of servicing rights 7,013us-gaap_ServicingAssetAtAmortizedValueAmortization1 11,117us-gaap_ServicingAssetAtAmortizedValueAmortization1
Change in fair value of servicing rights 129,235us-gaap_ServicingAssetAtFairValuePeriodIncreaseDecrease 47,634us-gaap_ServicingAssetAtFairValuePeriodIncreaseDecrease
Change in fair value of excess servicing spread liability (763)us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions 0us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
Other net fair value losses 3,642wac_RecurringFairValueNonCashGainLossAdjustment 5,702wac_RecurringFairValueNonCashGainLossAdjustment
Accretion of discounts on residential loans and advances (3,608)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments (3,988)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Accretion of discounts on debt and amortization of deferred debt issuance costs 5,073us-gaap_AmortizationOfFinancingCostsAndDiscounts 4,778us-gaap_AmortizationOfFinancingCostsAndDiscounts
Amortization of master repurchase agreements deferred issuance costs 1,432us-gaap_AmortizationOfFinancingCosts 2,018us-gaap_AmortizationOfFinancingCosts
Amortization of servicing advance liabilities deferred issuance costs 1,280wac_AmortizationofServicingAdvanceLiabilitiesDeferredIssuanceCosts 498wac_AmortizationofServicingAdvanceLiabilitiesDeferredIssuanceCosts
Provision for uncollectible advances 11,977us-gaap_ProvisionForDoubtfulAccounts 12,683us-gaap_ProvisionForDoubtfulAccounts
Depreciation and amortization of premises and equipment and intangible assets 16,632us-gaap_DepreciationDepletionAndAmortization 18,644us-gaap_DepreciationDepletionAndAmortization
Losses (gains) on real estate owned, net 813us-gaap_GainsLossesOnSalesOfOtherRealEstate (749)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Provision (benefit) for deferred income taxes (5,595)us-gaap_DeferredIncomeTaxExpenseBenefit 8,926us-gaap_DeferredIncomeTaxExpenseBenefit
Share-based compensation 3,423us-gaap_ShareBasedCompensation 3,493us-gaap_ShareBasedCompensation
Purchases and originations of residential loans held for sale (5,633,936)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (3,583,548)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale
Proceeds from sales of and payments on residential loans held for sale 5,649,119us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale 4,039,387us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale
Net gains on sales of loans (125,227)us-gaap_GainLossOnSaleOfMortgageLoans (104,034)us-gaap_GainLossOnSaleOfMortgageLoans
Gain (Loss) on Sale of Investments (11,762)us-gaap_GainLossOnSaleOfInvestments 0us-gaap_GainLossOnSaleOfInvestments
Other (1,872)us-gaap_OtherNoncashIncomeExpense (1,200)us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities    
Decrease (increase) in receivables (34,348)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 44,223us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Decrease (increase) in servicer and protective advances 136,173wac_IncreaseDecreaseInServicerAndProtectiveAdvances (31,255)wac_IncreaseDecreaseInServicerAndProtectiveAdvances
Decrease in other assets 2,758us-gaap_IncreaseDecreaseInOtherOperatingAssets 382us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (decrease) in payables and accrued liabilities 25,914us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (59,906)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Increase (decrease) in servicer payables 5,459wac_IncreaseDecreaseInServicerPayables (7,394)wac_IncreaseDecreaseInServicerPayables
Cash flows provided by operating activities 121,050us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 407,552us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities    
Purchases and originations of reverse loans held for investment (428,350)us-gaap_PaymentsToAcquireLoansHeldForInvestment (323,132)us-gaap_PaymentsToAcquireLoansHeldForInvestment
Principal payments received on reverse loans held for investment 152,195us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 100,729us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
Principal payments received on mortgage loans held for investment 41,427wac_ProceedsFromPrincipalRepaymentsOnForwardLoansRelatedToResidualTrusts 38,770wac_ProceedsFromPrincipalRepaymentsOnForwardLoansRelatedToResidualTrusts
Payments received on charged-off loans held for investment 6,372wac_PaymentsReceivedonChargedoffLoansHeldforInvestment 0wac_PaymentsReceivedonChargedoffLoansHeldforInvestment
Payments received on receivables related to Non-Residual Trusts 2,020wac_PaymentsReceivedOnReceivablesRelatedToNonResidualTrusts 3,230wac_PaymentsReceivedOnReceivablesRelatedToNonResidualTrusts
Proceeds from Sale of Other Real Estate 17,711us-gaap_ProceedsFromSaleOfOtherRealEstate 11,436us-gaap_ProceedsFromSaleOfOtherRealEstate
Purchases of premises and equipment (3,686)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (4,524)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Decrease in restricted cash and cash equivalents 242us-gaap_IncreaseDecreaseInRestrictedCash 4,703us-gaap_IncreaseDecreaseInRestrictedCash
Payments for acquisitions of businesses, net of cash acquired (2,809)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (41,912)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Acquisitions of servicing rights (53,919)us-gaap_PaymentsToAcquireMortgageServicingRightsMSR 8,843us-gaap_PaymentsToAcquireMortgageServicingRightsMSR
Proceeds from sale of investment 14,376us-gaap_ProceedsFromSaleOfEquityMethodInvestments 0us-gaap_ProceedsFromSaleOfEquityMethodInvestments
Proceeds from Sale of Mortgage Servicing Rights (MSR) 543us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR 0us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR
Other 12,555us-gaap_PaymentsForProceedsFromOtherInvestingActivities (450)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Cash flows used in investing activities (241,323)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (202,307)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities    
Payments on corporate debt (4,272)us-gaap_RepaymentsOfLongTermDebt (4,573)us-gaap_RepaymentsOfLongTermDebt
Proceeds from securitizations of reverse loans 457,448us-gaap_ProceedsFromSecuritizationsOfLoansHeldForInvestment 445,046us-gaap_ProceedsFromSecuritizationsOfLoansHeldForInvestment
Payments on HMBS related obligations (195,783)wac_PaymentsOfHomeEquityConversionMortgageBackedSecurityRelatedObligation (117,731)wac_PaymentsOfHomeEquityConversionMortgageBackedSecurityRelatedObligation
Issuances of servicing advance liabilities 175,725us-gaap_ProceedsFromIssuanceOfSecuredDebt 262,870us-gaap_ProceedsFromIssuanceOfSecuredDebt
Payments on servicing advance liabilities (256,806)us-gaap_RepaymentsOfSecuredDebt (237,689)us-gaap_RepaymentsOfSecuredDebt
Net change in warehouse borrowings related to mortgage loans 29,235wac_NetChangeInMasterRepurchaseAgreementsRelatedToForwardLoansFinancingActivity (361,909)wac_NetChangeInMasterRepurchaseAgreementsRelatedToForwardLoansFinancingActivity
Net change in warehouse borrowings related to reverse loans (18,648)wac_NetChangeInMasterRepurchaseAgreementsRelatedToReverseLoansFinancingActivity (72,339)wac_NetChangeInMasterRepurchaseAgreementsRelatedToReverseLoansFinancingActivity
Payments on excess servicing spread liability (2,199)wac_PaymentsonExcessServicingSpreadLiability 0wac_PaymentsonExcessServicingSpreadLiability
Other debt issuance costs paid (1,618)us-gaap_PaymentsOfDebtIssuanceCosts (5,278)us-gaap_PaymentsOfDebtIssuanceCosts
Repayments Of Beneficial Interests 45,050wac_RepaymentsOfBeneficialInterests 45,488wac_RepaymentsOfBeneficialInterests
Other 556us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 2,665us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Cash flows provided by (used in) financing activities 138,588us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (134,426)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase in cash and cash equivalents 18,315us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 70,819us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of the period 320,175us-gaap_CashAndCashEquivalentsAtCarryingValue 491,885us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of the period $ 338,490us-gaap_CashAndCashEquivalentsAtCarryingValue $ 562,704us-gaap_CashAndCashEquivalentsAtCarryingValue