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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 12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES              
Net servicing revenue and fees $ 140,976us-gaap_ServicingFeesNet $ 257,306us-gaap_ServicingFeesNet $ 313,768us-gaap_ServicingFeesNet $ 394,315us-gaap_ServicingFeesNet $ 783,389us-gaap_ServicingFeesNet $ 368,509us-gaap_ServicingFeesNet $ 157,554us-gaap_ServicingFeesNet
Net gains on sales of loans 144,611us-gaap_GainLossOnSaleOfMortgageLoans 235,949us-gaap_GainLossOnSaleOfMortgageLoans 248,645us-gaap_GainLossOnSaleOfMortgageLoans 314,394us-gaap_GainLossOnSaleOfMortgageLoans 598,974us-gaap_GainLossOnSaleOfMortgageLoans 648us-gaap_GainLossOnSaleOfMortgageLoans 0us-gaap_GainLossOnSaleOfMortgageLoans
Interest income on loans 34,218us-gaap_InterestAndFeeIncomeLoansAndLeases 36,796us-gaap_InterestAndFeeIncomeLoansAndLeases 68,640us-gaap_InterestAndFeeIncomeLoansAndLeases 73,694us-gaap_InterestAndFeeIncomeLoansAndLeases 144,651us-gaap_InterestAndFeeIncomeLoansAndLeases 154,351us-gaap_InterestAndFeeIncomeLoansAndLeases 164,794us-gaap_InterestAndFeeIncomeLoansAndLeases
Net fair value gains on reverse loans and related HMBS obligations 26,936wac_FairValueGainLossOnReverseLoansAndRelatedObligation 26,731wac_FairValueGainLossOnReverseLoansAndRelatedObligation 44,172wac_FairValueGainLossOnReverseLoansAndRelatedObligation 63,519wac_FairValueGainLossOnReverseLoansAndRelatedObligation 120,382wac_FairValueGainLossOnReverseLoansAndRelatedObligation 7,279wac_FairValueGainLossOnReverseLoansAndRelatedObligation 0wac_FairValueGainLossOnReverseLoansAndRelatedObligation
Insurance revenue 19,806us-gaap_InsuranceServicesRevenue 18,050us-gaap_InsuranceServicesRevenue 43,194us-gaap_InsuranceServicesRevenue 35,584us-gaap_InsuranceServicesRevenue 84,478us-gaap_InsuranceServicesRevenue 73,249us-gaap_InsuranceServicesRevenue 41,651us-gaap_InsuranceServicesRevenue
Other revenues 47,166us-gaap_OtherOperatingIncome 21,132us-gaap_OtherOperatingIncome 65,242us-gaap_OtherOperatingIncome 28,987us-gaap_OtherOperatingIncome 70,625us-gaap_OtherOperatingIncome 19,771us-gaap_OtherOperatingIncome 9,852us-gaap_OtherOperatingIncome
Total revenues 413,713us-gaap_Revenues 595,964us-gaap_Revenues 783,661us-gaap_Revenues 910,493us-gaap_Revenues 1,802,499us-gaap_Revenues 623,807us-gaap_Revenues 373,851us-gaap_Revenues
EXPENSES              
Salaries and benefits 145,502us-gaap_LaborAndRelatedExpense 145,282us-gaap_LaborAndRelatedExpense 281,399us-gaap_LaborAndRelatedExpense 252,015us-gaap_LaborAndRelatedExpense 549,799us-gaap_LaborAndRelatedExpense 230,107us-gaap_LaborAndRelatedExpense 117,736us-gaap_LaborAndRelatedExpense
General and administrative 142,341us-gaap_GeneralAndAdministrativeExpense 125,712us-gaap_GeneralAndAdministrativeExpense 251,206us-gaap_GeneralAndAdministrativeExpense 213,152us-gaap_GeneralAndAdministrativeExpense 480,377us-gaap_GeneralAndAdministrativeExpense 136,236us-gaap_GeneralAndAdministrativeExpense 78,597us-gaap_GeneralAndAdministrativeExpense
Interest expense 74,690us-gaap_InterestExpense 68,290us-gaap_InterestExpense 149,539us-gaap_InterestExpense 122,432us-gaap_InterestExpense 272,655us-gaap_InterestExpense 179,671us-gaap_InterestExpense 136,246us-gaap_InterestExpense
Depreciation and amortization 18,391us-gaap_DepreciationDepletionAndAmortization 17,614us-gaap_DepreciationDepletionAndAmortization 37,035us-gaap_DepreciationDepletionAndAmortization 33,947us-gaap_DepreciationDepletionAndAmortization 71,027us-gaap_DepreciationDepletionAndAmortization 49,267us-gaap_DepreciationDepletionAndAmortization 24,455us-gaap_DepreciationDepletionAndAmortization
Provision for loan losses 1,521us-gaap_ProvisionForLoanAndLeaseLosses 95us-gaap_ProvisionForLoanAndLeaseLosses 517us-gaap_ProvisionForLoanAndLeaseLosses 1,821us-gaap_ProvisionForLoanAndLeaseLosses 1,229us-gaap_ProvisionForLoanAndLeaseLosses 13,352us-gaap_ProvisionForLoanAndLeaseLosses 6,016us-gaap_ProvisionForLoanAndLeaseLosses
Goodwill impairment 82,269us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 82,269us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss    
Other expenses, net 3,978us-gaap_OtherCostAndExpenseOperating 2,151us-gaap_OtherCostAndExpenseOperating 4,203us-gaap_OtherCostAndExpenseOperating 4,247us-gaap_OtherCostAndExpenseOperating 8,166us-gaap_OtherCostAndExpenseOperating 9,267us-gaap_OtherCostAndExpenseOperating 18,073us-gaap_OtherCostAndExpenseOperating
Total expenses 467,171us-gaap_CostsAndExpenses 359,049us-gaap_CostsAndExpenses 805,651us-gaap_CostsAndExpenses 625,793us-gaap_CostsAndExpenses 1,383,253us-gaap_CostsAndExpenses 617,900us-gaap_CostsAndExpenses 381,123us-gaap_CostsAndExpenses
OTHER GAINS (LOSSES)              
Gains (losses) on extinguishments         (12,489)us-gaap_GainsLossesOnExtinguishmentOfDebt (48,579)us-gaap_GainsLossesOnExtinguishmentOfDebt 95us-gaap_GainsLossesOnExtinguishmentOfDebt
Other net fair value gains (losses) 1,532us-gaap_FairValueOptionChangesInFairValueGainLoss1 1,656us-gaap_FairValueOptionChangesInFairValueGainLoss1 (971)us-gaap_FairValueOptionChangesInFairValueGainLoss1 395us-gaap_FairValueOptionChangesInFairValueGainLoss1 6,061us-gaap_FairValueOptionChangesInFairValueGainLoss1 7,221us-gaap_FairValueOptionChangesInFairValueGainLoss1 1,044us-gaap_FairValueOptionChangesInFairValueGainLoss1
Total other gains (losses) 1,532wac_OtherGainsLosses 1,656wac_OtherGainsLosses (971)wac_OtherGainsLosses 395wac_OtherGainsLosses (6,428)wac_OtherGainsLosses (41,358)wac_OtherGainsLosses 1,139wac_OtherGainsLosses
Income (loss) before income taxes (51,926)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 238,571us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (22,961)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 285,095us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 412,818us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (35,451)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (6,133)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (benefit) (38,997)us-gaap_IncomeTaxExpenseBenefit 95,339us-gaap_IncomeTaxExpenseBenefit (27,409)us-gaap_IncomeTaxExpenseBenefit 114,114us-gaap_IncomeTaxExpenseBenefit 159,351us-gaap_IncomeTaxExpenseBenefit (13,317)us-gaap_IncomeTaxExpenseBenefit 60,264us-gaap_IncomeTaxExpenseBenefit
Net income (loss) (12,929)us-gaap_NetIncomeLoss 143,232us-gaap_NetIncomeLoss 4,448us-gaap_NetIncomeLoss 170,981us-gaap_NetIncomeLoss 253,467us-gaap_NetIncomeLoss (22,134)us-gaap_NetIncomeLoss (66,397)us-gaap_NetIncomeLoss
OTHER COMPREHENSIVE INCOME (LOSS) BEFORE TAXES              
Change in postretirement benefits liability         58us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax 19us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax (1,248)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax
Amortization of realized gain (loss) on closed hedges         (127)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax 68us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax (154)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
Unrealized gain on available-for-sale security in other assets         75us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax 24us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax 36us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
Other comprehensive income (loss) before taxes         6us-gaap_OtherComprehensiveIncomeLossBeforeTax 111us-gaap_OtherComprehensiveIncomeLossBeforeTax (1,366)us-gaap_OtherComprehensiveIncomeLossBeforeTax
Income tax expense (benefit) for items of other comprehensive income (loss)         1us-gaap_OtherComprehensiveIncomeLossTax 34us-gaap_OtherComprehensiveIncomeLossTax (531)us-gaap_OtherComprehensiveIncomeLossTax
Other comprehensive income (loss)     9us-gaap_OtherComprehensiveIncomeLossNetOfTax   5us-gaap_OtherComprehensiveIncomeLossNetOfTax 77us-gaap_OtherComprehensiveIncomeLossNetOfTax (835)us-gaap_OtherComprehensiveIncomeLossNetOfTax
Total comprehensive income (loss) (12,924)us-gaap_ComprehensiveIncomeNetOfTax 143,211us-gaap_ComprehensiveIncomeNetOfTax 4,457us-gaap_ComprehensiveIncomeNetOfTax 170,958us-gaap_ComprehensiveIncomeNetOfTax 253,472us-gaap_ComprehensiveIncomeNetOfTax (22,057)us-gaap_ComprehensiveIncomeNetOfTax (67,232)us-gaap_ComprehensiveIncomeNetOfTax
Net income (loss) $ (12,929)us-gaap_NetIncomeLoss $ 143,232us-gaap_NetIncomeLoss $ 4,448us-gaap_NetIncomeLoss $ 170,981us-gaap_NetIncomeLoss $ 253,467us-gaap_NetIncomeLoss $ (22,134)us-gaap_NetIncomeLoss $ (66,397)us-gaap_NetIncomeLoss
Basic earnings (loss) per common and common equivalent share (in usd per share) $ (0.34)us-gaap_EarningsPerShareBasic $ 3.82us-gaap_EarningsPerShareBasic $ 0.12us-gaap_EarningsPerShareBasic $ 4.56us-gaap_EarningsPerShareBasic $ 6.75us-gaap_EarningsPerShareBasic $ (0.73)us-gaap_EarningsPerShareBasic $ (2.41)us-gaap_EarningsPerShareBasic
Diluted earnings (loss) per common and common equivalent share (in usd per share) $ (0.34)us-gaap_EarningsPerShareDiluted $ 3.75us-gaap_EarningsPerShareDiluted $ 0.12us-gaap_EarningsPerShareDiluted $ 4.47us-gaap_EarningsPerShareDiluted $ 6.63us-gaap_EarningsPerShareDiluted $ (0.73)us-gaap_EarningsPerShareDiluted $ (2.41)us-gaap_EarningsPerShareDiluted
Total dividends declared per common and common equivalent share                 $ 0.22us-gaap_CommonStockDividendsPerShareDeclared
Weighted-average common and common equivalent shares outstanding - basic (in shares) 37,673us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 36,925us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 37,552us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 36,902us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 37,003us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 30,397us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 27,593us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted-average common and common equivalent shares outstanding - diluted (in shares) 37,673us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,585us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 38,074us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,613us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,701us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 30,397us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 27,593us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding