Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets

Schedule of information about servicing intangibles

The table below presents information about our GAAP servicing intangibles for the six months ended June 30, 2014 and 2013 (in thousands):

	2014			2013
Domestic servicing rights, at fair value
Fair value at January 1	$	150,149		$	—
Acquisition of LNR	—			156,993
Changes in fair value due to changes in inputs and assumptions	(10,774		)	2,898
Other	(1,057		)	—
Fair value at June 30	138,318			159,891
European servicing rights
Net carrying amount at January 1 (fair value of $29.3 million)	27,024			—
Acquisition of LNR	—			32,649
Foreign exchange gain (loss)	713			(18		)
Amortization and OTTI	(9,209		)	(1,876		)
Net carrying value at June 30 (fair value of $18.5 million and $33.9 million)	18,528			30,755
Total servicing rights at June 30	$	156,846		$	190,646