Quarterly report pursuant to Section 13 or 15(d)

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

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FAIR VALUE OF FINANCIAL INSTRUMENTS - EXCESS MSRs LEVEL 3 (Details 3) (Level 3 Inputs, USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
MSRs Pool 1
 
Balance, beginning $ 40,910 [1]
Transfers  
Transfers from Level 3    [1],[2]
Transfers into Level 3    [1],[2]
Gains (losses) included in net income 6,807 [1],[3]
Interest income 5,097 [1]
Purchases, sales and repayments  
Purchases    [1]
Purchase adjustments    [1]
Proceeds from sales    [1]
Proceeds from repayments (10,278) [1]
Balance, ending 42,536 [1]
MSRs Pool 2
 
Balance, beginning 39,322 [1]
Transfers  
Transfers from Level 3    [1],[2]
Transfers into Level 3    [1],[2]
Gains (losses) included in net income 7,509 [1],[3]
Interest income 3,739 [1]
Purchases, sales and repayments  
Purchases    [1]
Purchase adjustments    [1]
Proceeds from sales    [1]
Proceeds from repayments (9,096) [1]
Balance, ending 41,474 [1]
MSRs Pool 3
 
Balance, beginning 35,434 [1]
Transfers  
Transfers from Level 3    [1],[2]
Transfers into Level 3    [1],[2]
Gains (losses) included in net income 7,657 [1],[3]
Interest income 4,892 [1]
Purchases, sales and repayments  
Purchases    [1]
Purchase adjustments    [1]
Proceeds from sales    [1]
Proceeds from repayments (8,689) [1]
Balance, ending 39,294 [1]
MSRs Pool 4
 
Balance, beginning 15,036 [1]
Transfers  
Transfers from Level 3    [1],[2]
Transfers into Level 3    [1],[2]
Gains (losses) included in net income 3,644 [1],[3]
Interest income 2,034 [1]
Purchases, sales and repayments  
Purchases    [1]
Purchase adjustments    [1]
Proceeds from sales    [1]
Proceeds from repayments (3,525) [1]
Balance, ending 17,189 [1]
MSRs Pool 5
 
Balance, beginning 114,334 [1]
Transfers  
Transfers from Level 3    [1],[2]
Transfers into Level 3    [1],[2]
Gains (losses) included in net income 18,208 [1],[3]
Interest income 14,728 [1]
Purchases, sales and repayments  
Purchases 26,637 [1]
Purchase adjustments    [1]
Proceeds from sales    [1]
Proceeds from repayments (26,741) [1]
Balance, ending 147,166 [1]
MSRs Pool 11
 
Balance, beginning    [1]
Transfers  
Transfers from Level 3    [1],[2]
Transfers into Level 3    [1],[2]
Gains (losses) included in net income    [1],[3]
Interest income    [1]
Purchases, sales and repayments  
Purchases 2,391 [1]
Purchase adjustments    [1]
Proceeds from sales    [1]
Proceeds from repayments    [1]
Balance, ending 2,391 [1]
MSRs Pool 12
 
Balance, beginning    [1]
Transfers  
Transfers from Level 3    [1],[2]
Transfers into Level 3    [1],[2]
Gains (losses) included in net income 74 [1],[3]
Interest income 51 [1]
Purchases, sales and repayments  
Purchases 17,393 [1]
Purchase adjustments    [1]
Proceeds from sales    [1]
Proceeds from repayments    [1]
Balance, ending 17,518 [1]
MSRs
 
Balance, beginning 245,036 [1]
Transfers  
Transfers from Level 3    [1],[2]
Transfers into Level 3    [1],[2]
Gains (losses) included in net income 43,899 [1],[3]
Interest income 30,541 [1]
Purchases, sales and repayments  
Purchases 46,421 [1]
Purchase adjustments    [1]
Proceeds from sales    [1]
Proceeds from repayments (58,329) [1]
Balance, ending $ 307,568 [1]
[1] (A) Includes the Recapture Agreement for each respective pool.
[2] (B) Transfers are assumed to occur at the beginning of the respective period.
[3] (C) 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.