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Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Net servicing revenue and fees $ 257,306 $ 88,670 $ 394,315 $ 178,403
Net gains on sales of loans 235,949   314,394  
Interest income on loans 36,796 40,453 73,694 79,733
Insurance revenue 18,050 16,803 35,584 36,765
Other revenues 21,132 4,963 28,987 8,829
Total revenues 569,233 150,889 846,974 303,730
EXPENSES        
Salaries and benefits 145,282 55,541 252,015 112,944
General and administrative 125,712 33,887 213,152 62,916
Interest expense 68,290 44,523 122,432 90,361
Depreciation and amortization 17,614 11,814 33,947 23,833
Provision for loan losses 95 1,957 1,821 3,526
Other expenses, net 2,056 3,180 2,426 6,666
Total expenses 359,049 150,902 625,793 300,246
OTHER GAINS        
Net fair value gains on reverse loans and related HMBS obligations 26,731   63,519  
Other net fair value gains 1,656 788 395 5,551
Total other gains 28,387 788 63,914 5,551
Income before income taxes 238,571 775 285,095 9,035
Income tax expense 95,339 347 114,114 3,472
Net income 143,232 428 170,981 5,563
Comprehensive income 143,211 422 170,958 5,615
Net income $ 143,232 $ 428 $ 170,981 $ 5,563
Basic earnings per common and common equivalent share $ 3.82 $ 0.01 $ 4.56 $ 0.19
Diluted earnings per common and common equivalent share $ 3.75 $ 0.01 $ 4.47 $ 0.19
Weighted-average common and common equivalent shares outstanding - basic 36,925 28,916 36,902 28,857
Weighted-average common and common equivalent shares outstanding - diluted 37,585 29,085 37,613 29,015