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Fair Value Measurements Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2013
Fair Value Measurements [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The table below shows the notional amounts of our financial instruments at September 30, 2013 and December 31, 2012:
Description of financial instrument (in thousands)
September 30, 2013
 
December 31, 2012
Best efforts contracts and related committed IRLCs
$
4,417

 
$
1,184

Uncommitted IRLCs
79,594

 
25,854

FMBSs related to uncommitted IRLCs
80,000

 
26,000

Best efforts contracts and related mortgage loans held for sale
3,025

 
25,441

FMBSs related to mortgage loans held for sale
55,000

 
44,000

Mortgage loans held for sale covered by FMBSs
54,720

 
44,524
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The table below shows the level and measurement of assets and liabilities measured on a recurring basis at September 30, 2013 and December 31, 2012:
Description of Financial Instrument (in thousands)
Fair Value Measurements
September 30, 2013
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Mortgage loans held for sale
$
60,388

 
$
—

 
$
60,388

 
$
—

 
Forward sales of mortgage-backed securities
(1,971
)
 
—

 
(1,971
)
 
—

 
Interest rate lock commitments
942

 
—

 
942

 
—

 
Best-efforts contracts
(179
)
 
—

 
(179
)
 
—

 
Total
$
59,180

 
$
—

 
$
59,180

 
$
—

 
Description of Financial Instrument (in thousands)
Fair Value Measurements
December 31, 2012
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Mortgage loans held for sale
$
71,121

 
$
—

 
$
71,121

 
$
—

 
Forward sales of mortgage-backed securities
253

 
—

 
253

 
—

 
Interest rate lock commitments
1

 
—

 
1

 
—

 
Best-efforts contracts
(3
)
 
—

 
(3
)
 
—

 
Total
$
71,372

 
$
—

 
$
71,372

 
$
—

 
Schedule of Derivative Instruments, (Loss) Gain in Statement of Financial Performance [Table Text Block]
The following table sets forth the amount of (loss) gain recognized, within our revenue in the Unaudited Condensed Consolidated Statements of Operations, on assets and liabilities measured on a recurring basis for the three and nine months ended September 30, 2013 and 2012:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Description (in thousands)
2013
 
2012
 
2013
 
2012
Mortgage loans held for sale
$
3,365

 
$
328

 
$
1,782

 
$
431

Forward sales of mortgage-backed securities
(5,262
)
 
(838
)
 
(2,224
)
 
(925
)
Interest rate lock commitments
1,677

 
341

 
941

 
328

Best-efforts contracts
(193
)
 
(84
)
 
(176
)
 
(77
)
Total (loss) gain recognized
$
(413
)
 
$
(253
)
 
$
323

 
$
(243
)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables set forth the fair value of the Company's derivative instruments and their location within the Unaudited Condensed Consolidated Balance Sheets for the periods indicated (except for mortgage loans held for sale which is disclosed as a separate line item):
 
 
Asset Derivatives
 
Liability Derivatives
 
 
September 30, 2013
 
September 30, 2013
Description of Derivatives
 
Balance Sheet
Location
 
Fair Value
(in thousands)
 
Balance Sheet Location
 
Fair Value
(in thousands)
Forward sales of mortgage-backed securities
 
Other assets
 
$
—

 
Other liabilities
 
$
1,971

Interest rate lock commitments
 
Other assets
 
942

 
Other liabilities
 
—

Best-efforts contracts
 
Other assets
 
—

 
Other liabilities
 
179

Total fair value measurements
 
 
 
$
942

 
 
 
$
2,150

 
 
Asset Derivatives
 
Liability Derivatives
 
 
December 31, 2012
 
December 31, 2012
Description of Derivatives
 
Balance Sheet
Location
 
Fair Value
(in thousands)
 
Balance Sheet Location
 
Fair Value
(in thousands)
Forward sales of mortgage-backed securities
 
Other assets
 
$
253

 
Other liabilities
 
$
—

Interest rate lock commitments
 
Other assets
 
1

 
Other liabilities
 
—

Best-efforts contracts
 
Other assets
 
—

 
Other liabilities
 
3

Total fair value measurements
 
 
 
$
254

 
 
 
$
3
Fair Value, Assets Measured on Nonrecurring Basis [Table Text Block]
The table below summarizes the Company's assets measured on a non-recurring basis as of and for the three and nine months ended September 30, 2013 and 2012:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Description (in thousands)
 
Hierarchy
2013
 
2012 (2)
 
2013
 
2012 (2)
 
 
 
 
 
 
 
 
 
 
Adjusted basis of inventory (1)
 
Level 3
$
1,975

 
$
2,108

 
$
3,876

 
$
2,350

Impairments
 
 
2,136

 
1,309

 
4,237

 
1,876

 
 
 
 
 
 
 
 
 
 
Initial basis of inventory
 
 
$
4,111

 
$
3,417

 
$
8,113

 
$
4,226

(1)
The fair values in the table above represent only assets whose carrying values were adjusted in the respective period.
(2)
The carrying values for these assets may have subsequently increased or decreased from the fair value reported due to activities that have occurred since the measurement date.
Fair Value, by Balance Sheet Grouping [Table Text Block]

The following table presents the carrying amounts and fair values of the Company's financial instruments at September 30, 2013 and December 31, 2012. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).
 
 
September 30, 2013
 
December 31, 2012
(In thousands)
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Assets:
 
 
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
 
$
158,281

 
$
158,281

 
$
154,178

 
$
154,178

Mortgage loans held for sale
 
60,388

 
60,388

 
71,121

 
71,121

Split dollar life insurance policies
 
176

 
174

 
710

 
678

Notes receivable
 
3,312

 
3,180

 
8,787

 
7,460

Commitments to extend real estate loans
 
942

 
942

 
1

 
1

Forward sales of mortgage-backed securities
 
—

 
—

 
253

 
253

Liabilities:
 
 
 
 
 
 
 
 
Notes payable - banks
 
55,614

 
55,614

 
67,957

 
67,957

Notes payable - other
 
8,126

 
8,137

 
11,105

 
11,148

Convertible senior subordinated notes due 2017
 
57,500

 
65,406

 
57,500

 
74,175

Convertible senior subordinated notes due 2018
 
86,250

 
87,328

 
—

 
—

Senior notes due 2018
 
227,970

 
246,675

 
227,670

 
250,700

Best-efforts contracts for committed IRLCs and mortgage loans held for sale
 
179

 
179

 
3

 
3

Forward sales of mortgage-backed securities
 
1,971

 
1,971

 
—

 
—

Off-Balance Sheet Financial Instruments:
 
 
 
 
 
 
 
 
Letters of credit
 
—

 
659

 
—

 
493