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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income before noncontrolling interests $ 77,305 $ 62,315
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Gains attributable to the fair value of future servicing rights, net of guaranty obligation (127,724) (97,491)
Change in the fair value of premiums and origination fees (17,728) 2,650
Amortization and depreciation 80,824 73,788
Provision for credit losses 166 576
Other operating activities, net 1,253,069 (32,619)
Net cash provided by (used in) operating activities 1,265,912 9,219
Cash flows from investing activities    
Capital expenditures (1,821) (1,281)
Net cash paid to increase ownership interest in a previously held equity method investment (1,058)  
Acquisitions, net of cash received   (12,767)
Purchase of mortgage servicing rights (42,705)  
Originations of loans held for investment (218,958) (144,950)
Principal collected on loans held for investment 187,820 22,920
Net cash provided by (used in) investing activities (76,722) (136,078)
Cash flows from financing activities    
Borrowings (repayments) of warehouse notes payable, net (1,239,677) 28,976
Borrowings of interim warehouse notes payable 148,478 110,829
Repayments of interim warehouse notes payable (138,898) (17,190)
Repayments of note payable (829) (4,543)
Proceeds from issuance of common stock 3,439 5,677
Repurchase of common stock (12,374) (50,062)
Debt issuance costs (2,425) (850)
Distributions to noncontrolling interests (5)  
Tax benefit from vesting of equity awards   831
Net cash provided by (used in) financing activities (1,242,291) 73,668
Net increase (decrease) in cash and cash equivalents (53,101) (53,191)
Cash and cash equivalents at beginning of period 136,988 113,354
Cash and cash equivalents at end of period 83,887 60,163
Supplemental Disclosure of Cash Flow Information:    
Cash paid to third parties for interest 28,592 24,813
Cash paid for income taxes $ 23,061 $ 27,038