EX-12.1 27 y04304exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Nationstar Mortgage
DEFICIENCY OF EARNINGS TO FIXED CHARGES
$ in thousands
                                                 
    July 11, 2006                      
    Through             Year Ended December 31,             Nine Months Ended September 30,  
    December 31, 2006     2007     2008     2009     2009     2010  
Earnings
                                               
Income from continuing operations
    (60,258 )     (284,478 )     (157,610 )     (80,877 )     (85,234 )     (7,409 )
Interest expense
    55,172       118,553       65,548       69,883       48,486       89,298  
Portion of rent expense under long-term operating leases representative of an interest factor
    5,137       11,341       4,707       3,548       2,018       2,452  
 
                                   
Total earnings
    51       (154,584 )     (87,355 )     (7,446 )     (34,730 )     84,341  
 
                                   
 
                                               
Fixed charges
                                               
 
                                               
Interest expense
    55,172       118,553       65,548       69,883       48,486       89,298  
Portion of rent expense under long-term operating leases representative of an interest factor
    5,137       11,341       4,707       3,548       2,018       2,452  
 
                                   
Total fixed charges
    60,309       129,894       70,255       73,431       50,504       91,750  
 
                                   
 
                                               
Deficiency of earnings to fixed charges
    (60,258 )     (284,478 )     (157,610 )     (80,877 )     (85,234 )     (7,409 )