Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - EXCESS MSRs LEVEL 3 (Details 2)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - EXCESS MSRs LEVEL 3 (Details 2) (Level 3 Inputs, USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
MSRs Pool 1
 
Balance, beginning $ 40,910
Transfers  
Transfers from Level 3    [1]
Transfers into Level 3    [1]
Gains (losses) included in net income 440 [2]
Interest income 1,970
Purchases, sales and repayments  
Purchases   
Purchase adjustments   
Proceeds from sales   
Proceeds from repayments (3,632)
Balance, ending 39,688
MSRs Pool 2
 
Balance, beginning 39,322
Transfers  
Transfers from Level 3    [1]
Transfers into Level 3    [1]
Gains (losses) included in net income 897 [2]
Interest income 1,485
Purchases, sales and repayments  
Purchases   
Purchase adjustments   
Proceeds from sales   
Proceeds from repayments (3,129)
Balance, ending 38,575
MSRs Pool 3
 
Balance, beginning 35,434
Transfers  
Transfers from Level 3    [1]
Transfers into Level 3    [1]
Gains (losses) included in net income 798 [2]
Interest income 1,628
Purchases, sales and repayments  
Purchases   
Purchase adjustments   
Proceeds from sales   
Proceeds from repayments (3,182)
Balance, ending 34,678
MSRs Pool 4
 
Balance, beginning 15,036
Transfers  
Transfers from Level 3    [1]
Transfers into Level 3    [1]
Gains (losses) included in net income 98 [2]
Interest income 601
Purchases, sales and repayments  
Purchases   
Purchase adjustments   
Proceeds from sales   
Proceeds from repayments (1,061)
Balance, ending 14,674
MSRs Pool 5
 
Balance, beginning 114,334
Transfers  
Transfers from Level 3    [1]
Transfers into Level 3    [1]
Gains (losses) included in net income (375) [2]
Interest income 4,340
Purchases, sales and repayments  
Purchases   
Purchase adjustments   
Proceeds from sales   
Proceeds from repayments (9,359)
Balance, ending 108,940
MSRs
 
Balance, beginning 245,036
Transfers  
Transfers from Level 3    [1]
Transfers into Level 3    [1]
Gains (losses) included in net income 1,858 [2]
Interest income 10,024
Purchases, sales and repayments  
Purchases   
Purchase adjustments   
Proceeds from sales   
Proceeds from repayments (20,363)
Balance, ending $ 236,555
[1] Transfers are assumed to occur at the beginning of the respective period.
[2] The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates. These gains (losses) represent the change in fair value of the Excess MSRs and are recorded in "Change in fair value of investments in excess mortgage servicing rights" in the consolidated statements of income.