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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues    
Gains from mortgage banking activities $ 42,931 $ 19,802
Servicing fees 21,141 9,379
Net warehouse interest income 1,623 937
Escrow earnings and other interest income 942 539
Other 2,548 3,745
Total revenues 69,185 34,402
Expenses    
Personnel 28,283 11,641
Amortization and depreciation 17,256 7,241
Amortization of intangible assets 1,296 18
Provision for risk-sharing obligations 401 1,224
Interest expense on corporate debt 968 168
Other operating expenses 8,651 4,616
Total expenses 56,855 24,908
Income from operations 12,330 9,494
Income tax expense 4,604 3,655
Net income $ 7,726 $ 5,839
Basic earnings per share (in dollars per share) $ 0.23 $ 0.27
Diluted earnings per share (in dollars per share) $ 0.23 $ 0.27
Basic weighted average shares outstanding (in shares) 33,570,130 21,750,573
Diluted weighted average shares outstanding (in shares) 34,156,760 21,848,280