XML 55 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 343,780 $ 320,175
Restricted cash and cash equivalents 850,533 733,015
Residential loans at amortized cost, net 542,892 1,314,539
Residential loans at fair value 12,922,303 11,832,630
Receivables, net 259,920 215,629
Servicer and protective advances, net 1,550,592 1,761,082
Servicing rights, net (includes $1,797,721 and $1,599,541 at fair value at June 30, 2015 and December 31, 2014, respectively) 1,917,551 1,730,216
Goodwill 518,929 575,468
Intangible assets, net 95,784 103,503
Premises and equipment, net 109,831 124,926
Other assets 232,417 280,794
Total assets 19,344,532 18,991,977
LIABILITIES AND STOCKHOLDERS' EQUITY    
Payables and accrued liabilities 622,868 663,829
Servicer payables 704,318 584,567
Servicing advance liabilities 1,245,318 1,365,885
Warehouse borrowings 1,620,260 1,176,956
Excess servicing spread liability at fair value 64,556 66,311
Corporate debt 2,266,105 2,267,799
Mortgage-backed debt (includes $616,794 and $653,167 at fair value at June 30, 2015 and December 31, 2014, respectively) 1,108,032 1,751,459
HMBS related obligations at fair value 10,588,671 9,951,895
Deferred tax liability, net 108,355 86,617
Total liabilities $ 18,328,483 $ 17,915,318
Commitments and contingencies (Note 20)    
Stockholders' equity:    
Preferred stock, $0.01 par value per share: Authorized - 90,000,000 shares Issued and outstanding - 0 shares at June 30, 2015 and December 31, 2014 $ 0 $ 0
Common stock, $0.01 par value per share: Authorized - 90,000,000 shares Issued and outstanding - 0 shares and 37,377,274 shares at June 30, 2015 and December 31, 2014, respectively 377 377
Additional paid-in capital 609,044 600,643
Retained earnings 406,117 475,244
Accumulated other comprehensive income 511 395
Total stockholders' equity 1,016,049 1,076,659
Total liabilities and stockholders' equity 19,344,532 18,991,977
VIE Primary Beneficiary [Member]    
ASSETS    
Restricted cash and cash equivalents 82,566 105,977
Residential loans at amortized cost, net 518,511 1,292,781
Residential loans at fair value 553,410 586,433
Receivables, net 20,800 25,201
Servicer and protective advances, net 1,124,909 1,273,186
Other assets 15,078 46,199
Total assets 2,315,274 3,329,777
LIABILITIES AND STOCKHOLDERS' EQUITY    
Payables and accrued liabilities 3,244 8,511
Servicing advance liabilities 1,036,409 1,160,257
Mortgage-backed debt (includes $616,794 and $653,167 at fair value at June 30, 2015 and December 31, 2014, respectively) 1,108,032 1,751,459
Total liabilities $ 2,147,685 $ 2,920,227