INVESTMENT IN EQUITY AFFILIATE	3 Months Ended
INVESTMENT IN EQUITY AFFILIATE	Mar. 31, 2013
INVESTMENT IN EQUITY AFFILIATE
INVESTMENT IN EQUITY AFFILIATE	NOTE 8 — INVESTMENT IN EQUITY AFFILIATE Correspondent One purchases closed conforming and government guaranteed residential mortgages from approved mortgage bankers. Correspondent One provides members of Lenders One additional avenues to sell loans beyond Lenders One’s preferred investor arrangements and the members’ own network of loan buyers. Prior to the sale of our interest in Correspondent One to Ocwen on March 31, 2013 (see Note 2), we had significant influence over the general operations of Correspondent One consistent with our 49% ownership level, and therefore, accounted for our investment under the equity method. We had no funding commitments to Correspondent One as of March 31, 2013. Our net loss on this investment using the equity method was $0.2 million and $0.3 million for the three months ended March 31, 2013 and 2012, respectively.

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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