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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 17,770 $ 22,469
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Gain attributable to fair value of future servicing rights, net of guaranty obligation (25,423) (21,369)
Prepayment of mortgage servicing rights 166 1,661
Provision for risk-sharing obligations 2,510 2,580
Amortization and depreciation 9,991 8,163
Originations of loans held for sale (1,319,853) (1,084,964)
Sales of loans to third parties 1,163,773 1,093,573
Stock compensation 1,043  
Cash paid to settle risk-sharing obligations   (2,148)
Changes in:    
Restricted cash and pledged securities (303) 440
Servicing fees and other receivables (7,409) 1,440
Derivative fair value adjustments (5,182) (9,839)
Intangible and other assets (652) 963
Accounts payable and other accruals 881 904
Performance deposits from borrowers 4,628 2,329
Net cash (used in) provided by operating activities (158,060) 16,202
Cash flows from investing activities:    
Capital expenditures (640) (381)
Net cash used in investing activities (640) (381)
Cash flows from financing activities:    
Borrowings from (repayments of) warehouse notes payable, net 163,548 (8,609)
Repayments of notes payable, net (1,952) (2,654)
Cash distributed to Column   (159)
Proceeds from issuance of common stock 2,053  
Net cash provided by (used in) financing activities 163,649 (11,422)
Net increase in cash and cash equivalents 4,949 4,399
Cash and cash equivalents at beginning of period 33,285 10,390
Cash and cash equivalents at end of period 38,234 14,789
Supplemental Disclosure of Cash Flow Information:    
Cash paid to third parties for interest 1,725 2,649
Cash paid for taxes $ 4,776