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Business Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information
Financial information for our segments is as follows:
 
Servicing
 
Lending
 
Corporate Items and Other
 
Corporate Eliminations
 
Business Segments Consolidated
Results of Operations
 
 
 
 
 
 
 
 
 
For the year ended December 31, 2014
 
 
 
 
 
 
 
 
 
Revenue (1)
$
1,985,436

 
$
119,220

 
$
6,825

 
$
(156
)
 
$
2,111,325

Operating expenses (1) (2)
1,643,323

 
156,272

 
235,769

 
(156
)
 
2,035,208

Income (loss) from operations
342,113

 
(37,052
)
 
(228,944
)
 

 
76,117

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest income
2,981

 
16,459

 
3,551

 

 
22,991

Interest expense
(515,141
)
 
(10,725
)
 
(15,891
)
 

 
(541,757
)
Other (1)
(4,043
)
 
4,476

 
(943
)
 

 
(510
)
Other income (expense), net
(516,203
)
 
10,210

 
(13,283
)
 

 
(519,276
)
Loss before income taxes
$
(174,090
)
 
$
(26,842
)
 
$
(242,227
)
 
$

 
$
(443,159
)
 
 
 
 
 
 
 
 
 
 
For the year ended December 31, 2013
 
 
 
 
 
 
 
 
 
Revenue (1)
$
1,895,921

 
$
120,899

 
$
22,092

 
$
(639
)
 
$
2,038,273

Operating expenses (1) (2)
1,096,084

 
98,194

 
107,188

 
(172
)
 
1,301,294

Income (loss) from operations
799,837

 
22,705

 
(85,096
)
 
(467
)
 
736,979

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest income
1,599

 
16,295

 
4,461

 

 
22,355

Interest expense
(381,477
)
 
(13,508
)
 
(601
)
 

 
(395,586
)
Other (1)
(28,292
)
 
10,132

 
6,424

 
467

 
(11,269
)
Other income (expense), net
(408,170
)
 
12,919

 
10,284

 
467

 
(384,500
)
Income (loss) before income taxes
$
391,667

 
$
35,624

 
$
(74,812
)
 
$

 
$
352,479

 
 
 
 
 
 
 
 
 
 
For the year ended December 31, 2012
 
 
 
 
 
 
 
 
 
Revenue (1)
$
840,630

 
$
356

 
$
5,122

 
$
(905
)
 
$
845,203

Operating expenses (1) (2)
344,315

 
409

 
19,667

 
(484
)
 
363,907

Income (loss) from operations
496,315

 
(53
)
 
(14,545
)
 
(421
)
 
481,296

Other income (expense):
 

 
 

 
 

 
 

 
 

Interest income
9

 
309

 
8,011

 

 
8,329

Interest expense
(221,948
)
 
(514
)
 
(993
)
 

 
(223,455
)
Other (1)
(13
)
 

 
(9,070
)
 
421

 
(8,662
)
Other income (expense), net
(221,952
)
 
(205
)
 
(2,052
)
 
421

 
(223,788
)
Income (loss) before income taxes
$
274,363

 
$
(258
)
 
$
(16,597
)
 
$

 
$
257,508

 
Servicing
 
Lending
 
Corporate Items and Other
 
Corporate Eliminations
 
Business Segments Consolidated
Total Assets
 

 
 

 
 

 
 

 
 

December 31, 2014
$
5,881,862

 
$
1,963,729

 
$
421,687

 
$

 
$
8,267,278

 
 
 
 
 
 
 
 
 
 
December 31, 2013
$
6,295,976

 
$
1,195,812

 
$
435,215

 
$

 
$
7,927,003

 
 
 
 
 
 
 
 
 
 
December 31, 2012
$
4,575,489

 
$
476,434

 
$
634,039

 
$

 
$
5,685,962

(1)
Intersegment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.
(2)Depreciation and amortization expense are as follows:
 
Servicing
 
Lending
 
Corporate Items and Other
 
Business Segments Consolidated
For the year ended December 31, 2014:
 

 
 

 
 

 
 

Depreciation expense
$
9,955

 
$
332

 
$
11,623

 
$
21,910

Amortization of MSRs
249,471

 
705

 
199

 
250,375

Amortization of debt discount
1,318

 

 

 
1,318

Amortization of debt issuance costs
4,294

 

 
845

 
5,139

 
 
 
 
 
 
 
 
For the year ended December 31, 2013:
 

 
 

 
 

 
 

Depreciation expense
$
13,525

 
$
320

 
$
10,400

 
$
24,245

Amortization of MSRs
282,526

 
255

 

 
282,781

Amortization of debt discount
1,412

 

 

 
1,412

Amortization of debt issuance costs
4,395

 

 

 
4,395

 
 
 
 
 
 
 
 
For the year ended December 31, 2012:
 

 
 

 
 

 
 

Depreciation expense
$
1,469

 
$
8

 
$
4,243

 
$
5,720

Amortization of MSRs
72,897

 

 

 
72,897

Amortization of debt discount
3,259

 

 

 
3,259

Amortization of debt issuance costs
3,718

 

 

 
3,718

Depreciation and Amortization [Member]  
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information
Depreciation and amortization expense are as follows:
 
Servicing
 
Lending
 
Corporate Items and Other
 
Business Segments Consolidated
For the year ended December 31, 2014:
 

 
 

 
 

 
 

Depreciation expense
$
9,955

 
$
332

 
$
11,623

 
$
21,910

Amortization of MSRs
249,471

 
705

 
199

 
250,375

Amortization of debt discount
1,318

 

 

 
1,318

Amortization of debt issuance costs
4,294

 

 
845

 
5,139

 
 
 
 
 
 
 
 
For the year ended December 31, 2013:
 

 
 

 
 

 
 

Depreciation expense
$
13,525

 
$
320

 
$
10,400

 
$
24,245

Amortization of MSRs
282,526

 
255

 

 
282,781

Amortization of debt discount
1,412

 

 

 
1,412

Amortization of debt issuance costs
4,395

 

 

 
4,395

 
 
 
 
 
 
 
 
For the year ended December 31, 2012:
 

 
 

 
 

 
 

Depreciation expense
$
1,469

 
$
8

 
$
4,243

 
$
5,720

Amortization of MSRs
72,897

 

 

 
72,897

Amortization of debt discount
3,259

 

 

 
3,259

Amortization of debt issuance costs
3,718

 

 

 
3,718