Commitments and Contingencies

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies.

Commitments and Contingencies

Note 23—Commitments and Contingencies

Litigation

The business of the Company involves the collection of numerous accounts, as well as the validity of liens and compliance with various state and federal lending and servicing laws. Accordingly, the Company may be involved in proceedings, claims, and legal actions arising in the ordinary course of business. As of September 30, 2013, the Company was not involved in any legal proceedings, claims, or actions in management’s view would be reasonably likely to have a material adverse effect on the Company.

Commitments to Fund and Sell Mortgage Loans

	September 30, 2013
	(in thousands)
Commitments to purchase mortgage loans from PMT	$	1,022,670
Commitments to fund mortgage loans	140,861
	$	1,163,531
Commitments to sell mortgage loans	$	3,086,889