INVESTMENT IN EQUITY AFFILIATES	12 Months Ended
INVESTMENT IN EQUITY AFFILIATES	Dec. 31, 2013
INVESTMENT IN EQUITY AFFILIATES
INVESTMENT IN EQUITY AFFILIATES	10. INVESTMENT IN EQUITY AFFILIATES Correspondent One purchased closed conforming and government guaranteed residential mortgages from approved mortgage bankers. Prior to the sale of our interest in Correspondent One to Ocwen on March 31, 2013 (see Note 4), 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. On March 31, 2013, we sold our 49% interest in Correspondent One to Ocwen for $12.6 million. Our loss in equity affiliates was $0.2 million, $1.2 million and $0.5 million for the years ended December 31, 2013, 2012 and 2011, respectively. In the first quarter of 2013, we anticipated entering into an agreement to sell all of our equity interest in Correspondent One to Ocwen for approximately $12.7 million. As a result, we recorded a $0.6 million impairment loss as of December 31, 2012, representing the difference between the expected sales price and the carrying value as of December 31, 2012. The loss was included within loss in equity affiliates in other income (expense), net in the consolidated statements of operations.

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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