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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net income $ 243,670 $ 11,974
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Net fair value gains on reverse loans and related HMBS obligations (93,995)   
Amortization of servicing rights 33,312 37,809
Change in fair value of servicing rights (69,299)   
Non-Residual Trusts net fair value losses (gains) (2,161) 571
Other net fair value losses 4,944 1,629
Accretion of residential loan discounts and advances (13,476) (14,156)
Accretion of discounts on debt and amortization of deferred debt issuance costs 15,480 8,677
Amortization of master repurchase agreements deferred issuance costs 4,526   
Provision for loan losses 2,366 8,122
Depreciation and amortization of premises and equipment and intangible assets 51,704 35,920
Non-Residual Trusts losses on real estate owned, net 887 781
Other losses (gains) on real estate owned, net (1,867) 423
Provision (benefit) for deferred income taxes 55,429 (12,898)
Share-based compensation 9,801 11,230
Purchases and originations of residential loans held for sale (11,358,165)   
Proceeds from sales of and payments on residential loans held for sale 10,300,852   
Net gains on sales of loans (468,104)   
Other 594 (552)
Changes in assets and liabilities    
Increase in receivables (5,704) (1,091)
Decrease (increase) in servicer and protective advances (825,237) 12,305
Increase in other assets (66,937) (229)
Increase (decrease) in payables and accrued liabilities 140,224 (48,688)
Increase (decrease) in servicer payables 682 (2,718)
Cash flows provided by (used in) operating activities (2,040,474) 49,109
Investing activities    
Purchases and originations of reverse loans held for investment (2,367,622)   
Principal payments received on reverse loans held for investment 244,795   
Principal payments received on forward loans related to Residual Trusts 81,912 72,385
Principal payments received on forward loans related to Non-Residual Trusts 46,516 47,538
Payments received on receivables related to Non-Residual Trusts 11,379 12,726
Cash proceeds from sales of real estate owned, net related to Residual Trusts 5,882 5,773
Cash proceeds from sales of other real estate owned, net 15,447 7,029
Purchases of premises and equipment (26,420) (6,053)
Decrease (increase) in restricted cash and cash equivalents (6,832) 52,028
Payments for acquisitions of businesses, net of cash acquired (478,084)   
Acquisitions of servicing rights (560,855)   
Other (1,120) (2,188)
Cash flows provided by (used in) investing activities (3,035,002) 189,238
Financing activities    
Proceeds from issuance of debt, net of debt issuance costs 1,060,300   
Payments on debt (62,060) (64,612)
Proceeds from securitizations of reverse loans 2,622,583   
Payments on HMBS related obligations (270,410)   
Issuances of servicing advance liabilities 1,284,158 204,203
Payments on servicing advance liabilities (550,162) (212,204)
Net change in master repurchase agreements 1,109,374   
Other debt issuance costs paid (7,269) (3,582)
Payments on mortgage-backed debt related to Residual Trusts (84,419) (73,986)
Payments on mortgage-backed debt related to Non-Residual Trusts (65,930) (69,757)
Other 2,612 1,778
Cash flows provided by (used in) financing activities 5,038,777 (218,160)
Net increase (decrease) in cash and cash equivalents (36,699) 20,187
Cash and cash equivalents at the beginning of the period 442,054 18,739
Cash and cash equivalents at the end of the period $ 405,355 $ 38,926