Stonegate Mortgage (SGM) 10-Q 7 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	1-May-15
Document And Entity Information [Abstract]
Entity Registrant Name	STONEGATE MORTGAGE CORP
Entity Central Index Key	1454389
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		25,780,973

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets
Cash and cash equivalents	$52,491	$45,382
Restricted cash	3,046	4,482
Mortgage loans held for sale, at fair value	957,922	1,048,347
Servicing advances	10,331	11,193
Derivative assets	29,478	12,560
Mortgage servicing rights, at fair value	170,580	204,216
Property and equipment, net	18,624	17,047
Loans eligible for repurchase from GNMA	116,051	109,397
Warehouse lending receivables	164,462	85,431
Goodwill and other intangible assets, net	7,268	7,390
Subordinated loan receivable	30,000	30,000
Other assets	25,186	21,106
Total assets	1,585,439	1,596,551
Liabilities
Secured borrowings - mortgage loans	542,953	592,798
Mortgage repurchase borrowings	516,881	472,045
Warehouse lines of credit	933	1,374
Secured borrowings - mortgage servicing rights	71,058	75,970
Operating lines of credit	5,000	2,000
Accounts payable and accrued expenses	32,353	28,350
Derivative liabilities	11,864	9,044
Reserve for mortgage repurchases and indemnifications	4,877	4,967
Contingent earn-out liabilities	2,155	3,005
Liability for loans eligible for repurchase from GNMA	116,051	109,397
Deferred income tax liabilities, net	4,735	11,831
Other liabilities	6,801	5,695
Total liabilities	1,315,661	1,316,476
Commitments and contingencies
Stockholders' equity
Common stock, par value $0.01, shares authorized – 100,000,000; shares issued and outstanding: 25,780,973 and 25,780,973	264	264
Additional paid-in capital	267,905	267,083
Retained earnings	1,609	12,728
Total stockholders’ equity	269,778	280,075
Total liabilities and stockholders’ equity	$1,585,439	$1,596,551

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Par or Stated Value Per Share	$0.01	$0.01
Common Stock, Shares, Issued	25,780,973	25,780,973
Common Stock, Shares, Outstanding	25,780,973	25,780,973

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues
Gains on mortgage loans held for sale, net	$52,841	$28,631
Gains on sales of mortgage servicing rights	199	0
Changes in mortgage servicing rights valuation	-24,389	-7,931
Payoffs and principal amortization of mortgage servicing rights	-13,766	-2,727
Loan origination and other loan fees	6,344	5,077
Loan servicing fees	14,339	9,174
Interest and other income	8,751	6,077
Total revenues	44,319	38,301
Expenses
Salaries, commissions and benefits	37,948	33,420
General and administrative expense	8,440	8,209
Interest expense	8,409	3,813
Occupancy, equipment and communication	5,861	4,141
Provision for mortgage repurchases and indemnifications - change in estimate	86	395
Depreciation and amortization expense	1,781	1,083
Loss on disposal and impairment of long lived assets	6	91
Total expenses	62,531	51,152
Loss before income tax benefit	-18,212	-12,851
Income tax benefit	-7,093	-4,967
Net loss attributable to common stockholders	($11,119)	($7,884)
Loss per share
Basic (in usd per share)	($0.43)	($0.31)
Diluted (in usd per share)	($0.43)	($0.31)

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $)	Total	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings
In Thousands, unless otherwise specified
Balance at Dec. 31, 2013	$307,501	$0	$264	$0	$263,830	$43,407
Balance (shares) at Dec. 31, 2013		0	25,769
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	-7,884					-7,884
Stock-based compensation expense	899				899
Balance at Mar. 31, 2014	300,516	0	264	0	264,729	35,523
Balance (shares) at Mar. 31, 2014		0	25,769
Balance at Dec. 31, 2014	280,075	0	264	0	267,083	12,728
Balance (shares) at Dec. 31, 2014		0	25,781
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	-11,119					-11,119
Stock-based compensation expense	822				822
Balance at Mar. 31, 2015	$269,778	$0	$264	$0	$267,905	$1,609
Balance (shares) at Mar. 31, 2015		0	25,781

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating activities
Net loss	($11,119)	($7,884)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	1,781	1,083
Loss on disposal and impairment of long lived assets	6	91
Gains on mortgage loans held for sale, net	-44,820	-28,631
Gains on sale of mortgage servicing rights	-199	0
Changes in mortgage servicing rights valuation	24,389	7,931
Payoffs and principal amortization of mortgage servicing rights	13,766	2,727
Provision for reserve for mortgage repurchases and indemnifications - change in estimate	86	395
Stock-based compensation expense	822	899
Deferred income tax benefit	-7,096	-4,967
Change in fair value of contingent earn-out liabilities	24	42
Payments of contingent earn-out liabilities in excess of original fair value estimate	-406	0
Proceeds from sales and principal payments of mortgage loans held for sale	3,151,393	2,272,924
Originations and purchases of mortgage loans held for sale	-3,050,249	-2,421,868
Repurchases and indemnifications of previously sold loans	-10,748	-1,469
Changes in operating assets and liabilities
Restricted cash	1,436	-429
Servicing advances	862	887
Warehouse lending receivables	-79,031	-12,114
Other assets	-736	-888
Accounts payable and accrued expenses	3,807	-7,660
Due to related parties	0	-608
Net cash used in operating activities	-6,032	-199,539
Investing activities
Net proceeds from sale of mortgage servicing rights	28,439	0
Purchases of property and equipment	-3,242	-1,550
Purchases in a business combination, net of cash acquired	0	-258
Purchase of mortgage servicing rights	-86	-1,622
Net cash provided by (used in) investing activities	25,111	-3,430
Financing activities
Proceeds from borrowings under mortgage funding arrangements - mortgage loans and operating lines of credit	5,379,556	5,061,958
Repayments of borrowings under mortgage funding arrangements - mortgage loans and operating lines of credit	-5,386,014	-4,884,194
Proceeds from borrowings under mortgage funding arrangements - MSRs	5,000	0
Repayments of borrowings under mortgage funding arrangements - MSRs	-9,912	0
Payments of contingent earn-out liabilities not exceeding original fair value estimate	-468	-25
Payments of debt issuance costs	-132	0
Net cash (used in) provided by financing activities	-11,970	177,739
Change in cash and cash equivalents	7,109	-25,230
Cash and cash equivalents at beginning of period	45,382	43,104
Cash and cash equivalents at end of period	52,491	17,874
Supplemental Cash Flow Information:
Cash paid for interest	8,840	3,631
Cash paid for taxes	$68	$47

Organization_and_Operations

Organization and Operations	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations	Organization and Operations
	References to the terms “we”, “our”, “us”, “Stonegate” or the “Company” used throughout these Notes to Unaudited Consolidated Financial Statements refer to Stonegate Mortgage Corporation and, unless the context otherwise requires, its wholly-owned subsidiaries. The Company was initially incorporated in the State of Indiana in January 2005. As a result of an acquisition and subsequent merger with Swain Mortgage Company ("Swain") in 2009, the Company is now an Ohio corporation. The Company’s headquarters is in Indianapolis, Indiana.
	The Company is a specialty finance company that operates as an intermediary between residential mortgage borrowers and the ultimate investors of these mortgages. It is focused on providing yield opportunities in the residential mortgage market to investors through originating, financing, and servicing U.S. residential mortgage loans. The Company’s integrated and scalable residential mortgage banking platform includes a diversified origination business which includes a retail branch network, a direct to consumer call center and a network of third party originators consisting of mortgage brokers, mortgage bankers and financial institutions (banks and credit unions). The Company predominantly sells mortgage loans to the Federal National Mortgage Association (“Fannie Mae” or “FNMA”), the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “FHLMC”), financial institution secondary market investors and the Government National Mortgage Association (“Ginnie Mae” or “GNMA”) as pools of mortgage backed securities (“MBS”). Both FNMA and FHLMC are considered government-sponsored enterprises ("GSEs"), for which the Company may perform servicing of U.S. residential mortgage loans. The Company also provides warehouse financing through its NattyMac, LLC subsidiary to third party correspondent lenders. The Company’s principal sources of revenue include (i) gains on sales of mortgage loans from loan securitizations and whole loan sales and fee income from originations, (ii) fee income from loan servicing, and (iii) fee and net interest and other income from its financing facilities and warehouse lending business.
	Since the date of the Company’s initial public offering, the Company has continued its development of internal management reporting. Such development has resulted in changes in the information that is provided to the Company’s chief operating decision maker. Accordingly, during the quarter ended September 30, 2014, management re-evaluated this information in relation to its definition of its operating segments. As a result of this new information provided to the chief operating decision maker, management has concluded that its Mortgage Banking operations should be disclosed as three segments: Originations, Servicing and Financing. Prior period segment disclosures have been restated to conform to the current period presentation of segment disclosures - see Note 15, "Segment Information". This determination is based on the Company’s current organizational structure, which reflects the manner in which the chief operating decision maker evaluates the performance of the business.

Basis_of_Presentation_and_Sign

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies
	The accompanying unaudited consolidated financial statements include the accounts of Stonegate and its subsidiaries and have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The Company has omitted certain financial disclosures that would substantially duplicate the disclosures in its audited consolidated financial statements as of and for the year ended December 31, 2014, unless the information contained in those disclosures materially changed or is required by GAAP. In the opinion of management, all adjustments, including normal recurring adjustments, necessary for a fair presentation of the consolidated financial statements as of and for the three months ended March 31, 2015 and 2014 have been recorded. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2015. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements as of and for the year ended December 31, 2014 included in its 2014 Annual Report on Form 10-K.
	In the normal course of business, companies in the mortgage banking industry encounter certain economic and regulatory risks. Economic risks include interest rate risk and credit risk. In an interest rate cycle in which rates decline over an extended period of time, the Company's mortgage origination activities’ results of operations could be positively impacted by higher loan origination volumes and gain on sale margins. In contrast, the Company's results of operations of its mortgage servicing activities could decline due to higher actual and projected loan prepayments related to its loan servicing portfolio. In an interest rate cycle in which rates rise over an extended period of time, the Company's mortgage origination activities' results of operations could be negatively impacted and its mortgage servicing activities’ results of operations could be positively impacted. Credit risk is the risk of default that may result from the borrowers’ inability or unwillingness to make contractually required payments during the period in which loans are being held for sale. The Company manages these various risks through a variety of policies and procedures, such as the hedging of the loans held for sale and interest rate lock commitments using forward sales of MBS, such as To Be Announced (“TBA”) securities, designed to quantify and mitigate the operational and financial risk to the Company to the extent possible. Specifically, the Company engages in hedging of interest rate risk of its mortgage loans held for sale and interest rate lock commitments with the use of TBA securities.
	The Company sells loans to investors without recourse. As such, the investors have assumed the risk of loss or default by the borrower. However, the Company is usually required by these investors to make certain standard representations and warranties relating to credit information, loan documentation, collateral and regulatory compliance. To the extent that the Company does not comply with such representations, the Company may be required to repurchase the loans or indemnify these investors for any losses from borrower defaults. The Company performs due diligence prior to funding mortgage loans as part of its loan underwriting process, whereby the Company analyzes credit, collateral and compliance risk of all loans in an effort to ensure the mortgage loans meet the investors’ standards. However, if a loan is repurchased, the Company could incur a loss as part of recording such loan at fair value, which may be less than the amount paid to purchase the loan. In addition, if loans pay off within a specified time frame, the Company may be required to refund a portion of the sales proceeds to the investors.
	The Company’s business requires substantial cash to support its operating activities. As a result, the Company is dependent on its lines of credit and other financing facilities in order to finance its continued operations. If the Company’s principal lenders decided to terminate or not to renew any of these credit facilities with the Company, the loss of borrowing capacity would have a material adverse impact on the Company’s financial statements unless the Company found a suitable alternative source of financing.
	Recent Accounting Developments:
	ASU No. 2014-04, "Receivables--Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure," was issued in January 2014. This update clarifies when a creditor is considered to have received physical possession of residential real estate property collateralized by a consumer mortgage loan in order to reduce diversity in practice for when a creditor derecognizes the loan receivable and recognizes the real estate property. The guidance in ASU No. 2014-04 also requires interim and annual disclosure of the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. The new guidance was effective for the Company beginning on January 1, 2015 and the adoption of the new guidance did not have a material impact on its financial statements.
	ASU No. 2014-11, "Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures," was issued in June 2014. The pronouncement in this update changes the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The pronouncement also requires two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements. The second disclosure provides increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The new guidance was effective for the Company beginning on January 1, 2015 and the adoption of the new guidance did not have a material impact on its financial statements.
	ASU No. 2015-02, "Consolidation (Topic 810) - Amendments to the Consolidation Analysis" was issued in February
	2015. This update affects reporting entities that are required to evaluate whether they should consolidate certain legal entities.
	The amendments in this update affect the following areas: 1) limited partnerships and similar legal entities, 2) evaluating fees
	paid to a decision maker or a service provider as a variable interest, 3) the effect of fee arrangements on the primary beneficiary
	determination, 4) the effect of related parties on the primary beneficiary determination, and 5) certain investment funds. The
	new guidance will be effective for the Company beginning on January 1, 2016. The Company does not expect the adoption of
	the new guidance to have a material impact on its financial statements.
	ASU No. 2015-03 "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs" was issued in April 2015. This update is to simplify presentation of debt issuance costs and requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts. The new guidance will be effective for the Company beginning on January 1, 2016. The Company does not expect the adoption of the new guidance to have a material impact on its financial statements.
	ASU No. 2015-05 "Intangibles - Goodwill and Other - Internal Use Software (Topic 350-40): "Customer's Accounting for Fees Paid in a Cloud Computing Arrangement" was issued in April 2015. This update provides guidance to customers about whether a cloud computing arrangement includes a software license and how to account for it. The new guidance will be effective for the Company beginning on January 1, 2016. The Company does not expect the adoption of the new guidance to have a material impact on its financial statements.

Loss_Earnings_Per_Share

(Loss) Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
(Loss) Earnings Per Share	(Loss) Earnings Per Share
	The following is a reconciliation of net (loss) income attributable to common stockholders and a table summarizing the basic and diluted (loss) earnings per share calculations for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015			2014
	Net (loss) income:
	Net (loss) income attributable to common stockholders	$	(11,119	)	$	(7,884	)
	Weighted average shares outstanding (in thousands):
	Denominator for basic (loss) earnings per share – weighted average common shares outstanding	25,781			25,769
	Effect of dilutive shares—employee and director stock options, restricted stock units, warrants and convertible preferred stock	—			—
	Denominator for diluted (loss) earnings per share	25,781			25,769
	(Loss) earnings per share:
	Basic	$	(0.43	)	$	(0.31	)
	Diluted	$	(0.43	)	$	(0.31	)
	During the three months ended March 31, 2015 and 2014, weighted average shares of 1,562,631 and 1,867,291, respectively, were excluded from the denominator for diluted (loss) earnings per share because the shares (which related to stock options, restricted stock units and stock warrants) were anti-dilutive.

Business_Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Business Combinations	Business Combinations
	Acquisition of Medallion Mortgage Company
	On February 4, 2014, in the continuing effort to expand retail originations, the Company completed its acquisition of Medallion Mortgage Company ("Medallion"), a residential mortgage originator based in southern California. Medallion serviced customers with an extensive portfolio of residential real estate loan programs and had 10 offices along the southern and central coast of California, Utah and a new operations center in Ventura, California. In the acquisition of Medallion, the Company agreed to purchase certain assets, assume certain liabilities and offer employment to certain employees.
	The acquisition of Medallion was accounted for as a business combination. The following table summarizes the total consideration transferred to acquire Medallion and the fair values of the assets acquired and liabilities assumed on the acquisition date:
	Consideration:
	Cash consideration	$	258
	Fair value of contingent consideration	603
	Total consideration	861
	Fair value of net assets acquired:
	Property and equipment	190
	Other assets	94
	Accounts payable and accrued expenses	(50		)
	Total fair value of net assets acquired	234
	Goodwill	$	627
	Acquisition-related expenses 1	$	49
	1 Legal and miscellaneous expenses classified as general and administrative expenses.
	The excess of the aggregate consideration transferred over the fair value of the identified net assets acquired resulted in tax-deductible goodwill of $627 at the time of acquisition. Goodwill recognized from the acquisition of Medallion primarily relates to the expected future growth of Medallion's business. The Company has noted no circumstances which would result in any impairment of this amount as of March 31, 2015.
	As part of the acquisition of Medallion, the Company agreed to pay Medallion's seller a contingent consideration, which payment is contingent upon Medallion achieving certain predetermined minimum mortgage loan origination goals during the two year period following the acquisition date (the "earn-out"). If such goals are met by Medallion, the Company will pay the seller annual payments equal to a multiple of the actual total mortgage loan volume of Medallion. The earn-out is uncapped in amount. The fair value of the earn-out was estimated to be approximately $603 as of the acquisition date and was estimated using a calibrated Monte-Carlo simulation. The fair value was primarily based on (i) the Company’s estimate of the mortgage loan origination volume of Medallion over the two year earnout period, (ii) an asset volatility factor of 16.90% and (iii) a discount rate of 6.05%. As of March 31, 2015, the Company estimated the fair value of the earn-out to be approximately $451. The first of the two potential earn-out payments was determined to be $200 and was paid in April 2015.

Derivative_Financial_Instrumen

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments
	The Company does not designate any of its derivative instruments as hedges for accounting purposes. The following summarizes the Company’s outstanding derivative instruments as of March 31, 2015 and December 31, 2014:
	March 31, 2015:						Fair Value
		Notional			Balance Sheet Location		Asset		(Liability)
	Interest rate lock commitments	$	2,225,975		Derivative assets/liabilities		$	28,585	$	(279	)
	MBS Forward Sales Contracts	$	2,369,461
	MBS Forward Purchase Contracts	$	615,161
	Total MBS Forward Trades	2,984,622			Derivative assets/liabilities		893		(11,585		)
	Total derivative financial instruments	$	5,210,597				$	29,478	$	(11,864	)
	December 31, 2014:						Fair Value
		Notional			Balance Sheet Location		Asset		(Liability)
	Interest rate lock commitments	$	1,211,675		Derivative assets/liabilities		$	12,300	$	(96	)
	MBS Forward Sales Contracts	$	1,860,768
	MBS Forward Purchase Contracts	$	457,481
	Total MBS Forward Trades	2,318,249			Derivative assets/liabilities		260		(8,948		)
	Total derivative financial instruments	$	3,529,924				$	12,560	$	(9,044	)
	The following summarizes the effect of the Company’s derivative financial instruments and related changes in estimated fair value of mortgage loans held for sale on its consolidated statements of operations for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015			2014
	Interest rate lock commitments	$	16,102		$	9,842
	MBS forward trades	(2,004		)	(13,718		)
	Net derivative gains (losses)	14,098			(3,876		)
	Gains from changes in estimated fair value of mortgage loans held for sale1	88			9,630
		$	14,186		$	5,754
	1 Mortgage loans held for sale are carried at estimated fair value pursuant to the fair value option. Gains from changes in estimated fair values are included within “gains on mortgage loans held for sale, net” on the Company’s consolidated statements of operations.
	The Company has exposure to credit loss in the event of contractual non-performance by its trading counterparties and counterparties to the over-the-counter derivative financial instruments that the Company uses in its interest rate risk management activities. The Company manages this credit risk by selecting only counterparties that the Company believes to be financially strong, spreading the credit risk among many such counterparties, by placing contractual limits on the amount of unsecured credit extended to any single counterparty and by entering into netting agreements with the counterparties, as appropriate.
	The Company has entered into agreements with derivative counterparties, which include netting arrangements whereby the counterparties are entitled to settle their positions on a net basis. In certain circumstances, the Company is required to provide certain derivative counterparties collateral against derivative financial instruments. As of March 31, 2015 and December 31, 2014, counterparties held $3,046 and $4,482, respectively, of the Company’s cash and cash equivalents in margin accounts as collateral (which is classified as "Restricted cash" on the Company's consolidated balance sheets), after which the Company was in a net credit loss position of $7,646 and $4,562 at March 31, 2015 and December 31, 2014, respectively, to those counterparties. For the three months ended March 31, 2015 and 2014, the Company incurred no credit losses due to non-performance of any of its counterparties.

Mortgage_Loans_Held_for_Sale

Mortgage Loans Held for Sale	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Mortgage Loans Held for Sale	Mortgage Loans Held for Sale, at Fair Value
	The following summarizes mortgage loans held for sale at fair value as of March 31, 2015 and December 31, 2014:
		March 31, 2015		December 31, 2014
	Conventional 1	$	376,851	$	507,297
	Government insured 2	494,260		444,955
	Non-agency/Other	86,811		96,095
	Total mortgage loans held for sale, at fair value	$	957,922	$	1,048,347
	1 Conventional includes FNMA and FHLMC mortgage loans.
	2 Government insured includes GNMA mortgage loans (including Federal Housing Administration, Department of Veterans Affairs and United States Department of Agricultural mortgage loans).
	Under certain of the Company’s mortgage funding arrangements (including secured borrowings and warehouse lines of credit), the Company is required to pledge mortgage loans as collateral to secure borrowings. The mortgage loans pledged as collateral must equal at least 100% of the related outstanding borrowings under the mortgage funding arrangements. The outstanding borrowings are monitored and the Company is required to deliver additional collateral if the amount of the outstanding borrowings exceeds the fair value of the pledged mortgage loans. As of March 31, 2015, the Company had pledged $898,469 in fair value of mortgage loans held for sale as collateral to secure debt under its mortgage funding arrangements, with the remaining $59,453 of mortgage loans held for sale funded with the Company’s excess cash. As of December 31, 2014, the Company had pledged $981,015 in fair value of mortgage loans held for sale as collateral to secure debt under its mortgage funding arrangements, with the remaining $67,332 of mortgage loans held for sale funded with the Company's excess cash. The mortgage loans held as collateral by the respective lenders are restricted solely to satisfy the Company’s borrowings under those mortgage funding arrangements. Refer to Note 10 “Debt” for additional information related to the Company’s outstanding borrowings as of March 31, 2015 and December 31, 2014.

Mortgage_Servicing_Rights

Mortgage Servicing Rights	3 Months Ended
	Mar. 31, 2015
Transfers and Servicing [Abstract]
Mortgage Servicing Rights	Mortgage Servicing Rights
	The Company sells residential mortgage loans in the secondary market and typically retains the right to service the loans sold. Upon sale, the MSRs are capitalized as an asset, which represents the current fair value of the future net cash flows that are expected to be realized for performing servicing activities. The Company may also purchase MSRs directly from third parties.
	The Company’s total mortgage servicing portfolio as of March 31, 2015 and December 31, 2014 is summarized as follows (based on the unpaid principal balance ("UPB") of the underlying mortgage loans):
		March 31, 2015			December 31, 2014
	FNMA	$	4,393,379		$	5,797,883
	GNMA: 1
	FHA	5,527,398			5,365,627
	VA	2,995,258			2,652,678
	USDA	1,074,261			974,501
	FHLMC	2,923,511			3,500,321
	Other Investors	50,927			45,735
	Total mortgage servicing portfolio	$	16,964,734		$	18,336,745
	MSRs balance	$	170,580		$	204,216
	MSRs balance as a percentage of total mortgage servicing portfolio	1.01		%	1.11		%
	1 GNMA portfolio balance is made up of Federal Housing Administration ("FHA"), Veterans Affairs ("VA"), and United States Department of Agriculture ("USDA") home loans.
	A summary of the changes in the balance of MSRs for the three months ended March 31, 2015 and 2014 is as follows:
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	204,216		$	170,294
	MSRs originated in connection with loan sales	34,583			31,212
	MSRs sold and derecognized	(30,150		)	—
	Purchased MSRs	86			1,622
	Changes in valuation inputs and assumptions1	(24,389		)	(7,931		)
	Actual portfolio runoff (payoffs and principal amortization)	(13,766		)	(2,727		)
	Balance at end of period	$	170,580		$	192,470
	1 Refer to Note 9, "Transfers and Servicing of Financial Assets" for a range of prepayment speeds for the three months ended March 31, 2015 and 2014.
	On March 31, 2015, the Company completed a sale of MSRs with an underlying unpaid principal balance of $2.7 billion in FNMA and FHLMC loans to an unrelated party. This pool of MSRs was somewhat geographically focused, had average mortgage interest rates that were different than current mortgage rates, and did not include any GNMA MSRs, which have a different historical performance than FNMA and FHLMC MSRs. Thus, the characteristics of this pool do not represent the characteristics of the Company’s MSRs portfolio as a whole. The Company will perform temporary sub-servicing activities with respect to the underlying loans through the established transfer date in the second quarter, for a fee, during which time the Company would also be entitled to certain other ancillary income amounts. The Company used the proceeds to reinvest back into newly originated MSRs through its origination platform. There were various minor protection provisions for which an estimated $1,122 liability was accrued at the time of the transaction. This MSRs sale transaction met the criteria for derecognition, allowing for the MSRs asset to be derecognized and a gain to be recorded at the time of transfer. The recognized gain was net of direct transaction expenses and estimated protection provisions.
	Under certain of the Company's secured borrowing arrangements, the Company is required to pledge mortgage servicing rights as collateral to the secured borrowings. As of March 31, 2015, the Company had pledged $170,214 in fair value of mortgage servicing rights as collateral to secure debt under certain of its secured borrowing arrangements. As of December 31, 2014, no mortgage servicing rights were pledged as collateral to the Company's secured borrowing arrangements. Refer to Note 10 “Debt” for additional information related to the Company’s outstanding borrowings as of March 31, 2015 and December 31, 2014.
	The following is a summary of the components of loan servicing fees as reported in the Company’s consolidated statements of operations for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015			2014
	Contractual servicing fees	$	13,529		$	8,765
	Late fees	810			409
	Loan servicing fees	$	14,339		$	9,174
	Servicing fees as a percentage of average portfolio (annualized)	0.31		%	0.28		%

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements
	The Company uses fair value measurements in fair value disclosures and to record certain assets and liabilities at fair value on a recurring basis, such as MSRs, derivatives and loans held for sale, or on a nonrecurring basis, such as when measuring intangible assets and long-lived assets. The Company has elected fair value accounting for loans held for sale to more closely align the Company’s accounting with its interest rate risk strategies without having to apply the operational complexities of hedge accounting.
	The Company groups its assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are:
	Level Input:	Input Definition:
	Level 1	Unadjusted, quoted prices in active markets for identical assets or liabilities.
	Level 2	Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants would use in pricing an asset or liability and are developed based on market data obtained from sources independent of the Company. These may include quoted prices for similar assets and liabilities, interest rates, prepayment speeds, credit risk and others.
	Level 3	Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity), unobservable inputs may be used. Unobservable inputs reflect the Company's own assumptions about the factors that market participants would use in pricing the asset or liability, and are based on the best information available in the circumstances.
	An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
	While the Company believes its valuation methods are appropriate and consistent with those used by other market participants, the use of different methods or assumptions to estimate the fair value of certain financial statement items could result in a different estimate of fair value at the reporting date. Those estimated values may differ significantly from the values that would have been used had a readily available market for such items existed, or had such items been liquidated, and those differences could be material to the consolidated financial statements.
	Management incorporates lack of liquidity into its fair value estimates based on the type of asset or liability measured and the valuation method used. The Company uses discounted cash flow techniques to estimate fair value. These techniques incorporate forecasting of expected cash flows discounted at appropriate market discount rates that are intended to reflect the lack of liquidity in the market.
	The following describes the methods used in estimating the fair values of certain financial statement items:
	Mortgage Loans Held for Sale: The Company's mortgage loans held for sale at fair value are saleable into the secondary mortgage markets and their fair values are estimated using observable quoted market or contracted prices or market price equivalents, which would be used by other market participants.
	Derivative Financial Instruments: The Company estimates the fair value of interest rate lock commitments based on the value of the underlying mortgage loan, quoted MBS prices and estimates of the fair value of the MSRs and the probability that the mortgage loan will fund within the terms of the interest rate lock commitment. The Company estimates the fair value of forward sales commitments based on quoted MBS prices.
	Mortgage Servicing Rights: The Company uses a discounted cash flow approach to estimate the fair value of MSRs. This approach consists of projecting servicing cash flows discounted at a rate that management believes market participants would use in their determinations of value. The Company obtains valuations from an independent third party on a monthly basis, to support the reasonableness of the fair value estimate generated by the internal model. The key assumptions used in the estimation of the fair value of MSRs include prepayment speeds, discount rates, default rates, cost to service, contractual servicing fees and escrow earnings. In valuing the fair value of MSRs, the Company uses a forward yield curve as an input which will impact pre-pay estimates and the value of escrows as compared to a static forward yield curve. The Company believes that the use of the forward yield curve better represents fair value of MSRs because the forward yield curve is the market’s expectation of future interest rates based on its expectation of inflation and other economic conditions.
	The following are the major categories of assets and liabilities measured at fair value on a recurring basis as of March 31, 2015:
		Level 1			Level 2			Level 3		Total
	Assets:
	Mortgage loans held for sale	$	—		$	957,922		$	—	$	957,922
	Derivative assets (IRLCs)	—			28,585			—		28,585
	Derivative assets (MBS forward trades)	—			893			—		893
	MSRs	—			—			170,580		170,580
	Total assets	$	—		$	987,400		$	170,580	$	1,157,980
	Liabilities:
	Derivative liabilities (IRLCs)	$	—		$	279		$	—	$	279
	Derivative liabilities (MBS forward trades)	—			11,585			—		11,585
	Contingent earn-out liability	—			—			2,155		2,155
	Total liabilities	$	—		$	11,864		$	2,155	$	14,019
	The following are the major categories of assets and liabilities measured at fair value on a recurring basis as of December 31, 2014:
		Level 1			Level 2			Level 3		Total
	Assets:
	Mortgage loans held for sale	$	—		$	1,048,347		$	—	$	1,048,347
	Derivative assets (IRLCs)	—			12,300			—		12,300
	Derivative assets (MBS forward trades)	—			260			—		260
	MSRs	—			—			204,216		204,216
	Total assets	$	—		$	1,060,907		$	204,216	$	1,265,123
	Liabilities:
	Derivative liabilities (IRLCs)	$	—		$	96		$	—	$	96
	Derivative liabilities (MBS forward trades)	—			8,948			—		8,948
	Contingent earn-out liability	722			—			2,283		3,005
	Total liabilities	$	722		$	9,044		$	2,283	$	12,049
	Mortgage Loans Held for Sale
	The following are the fair values and related UPB due upon maturity for loans held for sale accounted under the fair value method as of March 31, 2015 and December 31, 2014:
		March 31, 2015						December 31, 2014
		Fair Value			UPB			Fair Value		UPB
	Current through 89 days delinquent	$	952,828		$	934,999		$	1,044,005	$	1,025,374
	90 or more days delinquent	5,094			6,094			4,342		5,342
	Total	$	957,922		$	941,093		$	1,048,347	$	1,030,716
	MSRs
	A reconciliation of the beginning and ending balances of the Company’s MSRs measured at fair value on a recurring basis using Level 3 inputs during the three months ended March 31, 2015 and 2014 is as follows:
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	204,216		$	170,294
	Changes in valuation	(24,389		)	(7,931		)
	Payoffs and principal amortization	(13,766		)	(2,727		)
	Purchases	86			1,622
	Sales	(30,150		)	—
	MSRs originated in connection with loan sales	34,583			31,212
	Settlements	—			—
	Transfers into Level 3	—			—
	Transfers out of Level 3	—			—
	Balance at end of period	$	170,580		$	192,470
	Contingent Earn-out Liability
	Contingent earn-out liabilities resulted from the Company’s acquisitions of NattyMac in August 2012, Crossline in December 2013 and Medallion in February 2014. See Note 4, “Business Combinations,” to our audited consolidated financial statements as of and for the year ended December 31, 2014, included in our 2014 Annual Report on Form 10-K for additional information related to these contingent earn-out liabilities.
	A reconciliation of the beginning and ending balances of the Company’s contingent earn-out liabilities measured at fair value on a recurring basis using Level 3 inputs for the three months ended March 31, 2015 and 2014 is as follows:
	Three Months Ended March 31,
	2015			2014
Balance at beginning of period	$	3,005		$	3,791
Changes in fair value recognized in earnings1	24			42
Purchases2	—			603
Sales	—			—
Issuances	—			—
Settlements	(874		)	(25		)
Transfers into Level 3	—			—
Transfers out of Level 3				—
Balance at end of period	$	2,155		$	4,411
1 Recognized in the consolidated statements of operations within “General and administrative expense”.
2 Represents the Company’s acquisition of Medallion during February 2014.
The Company estimated the fair value of its NattyMac earn-out as of March 31, 2015 using the same method as at acquisition date. For the three months ended March 31, 2015, the Company adjusted its earn-out liability for NattyMac by an increase of $24 primarily due to the estimated timing of mortgage loan fundings from the NattyMac warehousing business.
The Company estimated the fair value of its Medallion earn-out using forecasted information that it believes approximates the fair value of the liability as of March 31, 2015 and determined no change in estimate was required.
Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. As disclosed in Note 4, "Business Combinations," we completed our acquisition of Medallion on February 4, 2014. The values of the net assets acquired in the acquisition of Medallion and resulting goodwill were recorded at fair value using Level 3 inputs. Refer to Note 4, "Business Combinations," for further information regarding the methodology and key assumptions used in the acquisition date fair value estimates.
Fair Value of Other Financial Instruments
As of March 31, 2015 and December 31, 2014, all financial instruments were either recorded at fair value or the carrying value approximated fair value. For financial instruments that were not recorded at fair value, such as cash, restricted cash, servicing advances, secured borrowings, warehouse and operating lines of credit, accounts payable and accrued expenses, their carrying values approximated fair value due to the short-term nature of such instruments.

Transfers_and_Servicing_of_Fin

Transfers and Servicing of Financial Assets	3 Months Ended
	Mar. 31, 2015
Transfers and Servicing [Abstract]
Transfers and Servicing of Financial Assets	Transfers and Servicing of Financial Assets
	Residential mortgage loans are primarily sold to FNMA or FHLMC or transferred into pools of GNMA MBS. The Company has continuing involvement in mortgage loans sold through servicing arrangements and the liability for loan indemnifications and repurchases under the representations and warranties it makes to the investors and insurers of the loans it sells. The Company is exposed to interest rate risk through its continuing involvement with mortgage loans sold, including the MSRs, as the value of the asset fluctuates as changes in interest rates impact borrower prepayment.
	The Company also sells non-agency residential mortgage loans to non-GSE third parties generally without retaining the servicing rights to such loans.
	All loans are sold on a non-recourse basis; however, certain representations and warranties have been made that are customary for loan sale transactions, including eligibility characteristics of the mortgage loans and underwriting responsibilities, in connection with the sales of these assets.
	In order to facilitate the origination and sale of mortgage loans held for sale, the Company entered into various agreements with warehouse lenders. Such agreements are in the form of loan participations and repurchase agreements with banks and other financial institutions. Mortgage loans held for sale are considered sold when the Company surrenders control over the financial assets and such financial assets are legally isolated from the Company in the event of bankruptcy. For loan participations and repurchase agreements that meet the sale criteria, the transferred financial assets are derecognized from the balance sheet and a gain or loss is recognized upon sale. If the sale criteria are not met, the transfer is recorded as a secured borrowing in which the assets remain on the balance sheet and the proceeds from the transaction are recognized as a liability. As of March 31, 2015 and December 31, 2014, all repurchase agreements are accounted for by the Company as secured borrowings.
	From time to time, the Company may sell loans whereby the underlying risks and cash flows of the mortgage loan have been transferred to a third party through the issuance of participating interests. The terms and conditions of these interests are governed by the participation agreements. The Company will receive a marketing fee paid by the participating entity upon completion of the sale. In addition, the Company will also subservice the underlying mortgage loans to the participation agreement for the period that the participating interests are outstanding. As of March 31, 2015 and December 31, 2014, all participation arrangements were accounted for by the Company as secured borrowings.
	The following table sets forth information regarding cash flows for the three months ended March 31, 2015 and 2014 relating to loan sales in which the Company has continuing involvement:
		Three Months Ended March 31,
		2015			2014
	Proceeds from new loan sales 1	$	8,021		$	(654	)
	Proceeds from loan servicing fees	$	13,676		$	9,174
	Cash outflows from servicing advances	$	862		$	887
	Cash outflows from repurchases and indemnifications of previously sold loans	$	10,748		$	1,469
	1 Represents the proceeds from mortgage loans or pools of mortgage loans sold, net of the related repayments of borrowings under the Company's mortgage funding arrangements used to fund the related mortgage loans prior to sale as well as the cost to retain the servicing rights.
	The following table sets forth information related to outstanding loans sold as of March 31, 2015 and December 31, 2014 for which the Company has continuing involvement:
		March 31, 2015			December 31, 2014
	Total unpaid principal balance	$	16,964,734		$	18,336,745
	Loans 30-89 days delinquent	$	306,694		$	379,881
	Loans delinquent 90 or more days or in foreclosure 1	$	138,339		$	127,751
	1 Includes GNMA mortgage loans eligible for repurchase and recorded on the consolidated balance sheet, which are government-insured, of $116,051 and $109,397, respectively, as of March 31, 2015 and December 31, 2014.
	The key weighted average assumptions (or range of assumptions) used in determining the fair value of the Company’s MSRs as of March 31, 2015 and December 31, 2014 are as follows:
		March 31, 2015		December 31, 2014
	Discount rates	9.25% - 11.00%		9.25% - 11.00%
	Annual prepayment speeds (by investor type):
	FNMA	17.20%		13.90%
	GNMA:
	FHA	12.50%		11.20%
	VA	10.90%		10.10%
	USDA	13.20%		11.80%
	FHLMC	15.80%		13.10%
	Other Investors	15.70%		12.40%
	Cost of servicing (per loan)	$86		$83
	MSRs are generally subject to loss in value when mortgage rates decrease. Decreasing mortgage rates normally encourage increased mortgage refinancing activity. Increased refinancing activity reduces the life of the loans underlying the MSRs, thereby reducing MSRs value. Reductions in the value of MSRs affect income through changes in fair value. These factors have been considered in the estimated prepayment speed assumptions used to determine the fair value of the Company’s MSRs.
	In addition to the assumptions provided above, the Company uses assumptions for default rates in determining the fair value of MSRs. These assumptions are based primarily on internal estimates, and the Company also obtains third party data, where applicable, to assess the reasonableness of its internal assumptions.  The Company's assumptions for default rates for FNMA, GNMA, FHLMC and Other Investors mortgage loans as of March 31, 2015 and December 31, 2014 are as follows:
		March 31, 2015		December 31, 2014
	FNMA	3.88%		3.93%
	GNMA:
	FHA	6.44%		6.42%
	VA	6.35%		6.31%
	USDA	6.33%		6.29%
	FHLMC	3.79%		3.80%
	Other Investors	6.13%		6.14%
	The default rates represent the Company’s estimate of the loans that will eventually enter foreclosure proceedings over the entire term of the portfolio’s life.  These assumptions affect the future cost to service loans, future revenue earned from the portfolio, and future assumed foreclosure losses.  Because the Company’s portfolio is generally comprised of recent vintages, actual future defaults may differ from the Company’s assumptions.
	The hypothetical effect of an adverse change in these key assumptions would result in a decrease in the fair values of MSRs as follows as of March 31, 2015 and December 31, 2014:
		March 31, 2015			% of Average Portfolio			December 31, 2014			% of Average Portfolio
	Discount rates:
	Impact of discount rate + 1%	$	(7,014	)	4	%		$	(8,345	)	4	%
	Impact of discount rate + 2%	$	(13,495	)	8	%		$	(16,063	)	8	%
	Impact of discount rate + 3%	$	(19,499	)	11	%		$	(23,222	)	11	%
	Prepayment speeds:
	Impact of prepayment speed * 105%	$	(5,588	)	3	%		$	(5,445	)	3	%
	Impact of prepayment speed * 110%	$	(10,962	)	6	%		$	(10,668	)	5	%
	Impact of prepayment speed * 120%	$	(21,218	)	12	%		$	(20,508	)	10	%
	Cost of servicing:
	Impact of cost of servicing * 105%	$	(1,332	)	1	%		$	(1,529	)	1	%
	Impact of cost of servicing * 110%	$	(2,665	)	2	%		$	(3,058	)	1	%
	Impact of cost of servicing * 120%	$	(5,330	)	3	%		$	(6,116	)	3	%
	As the table demonstrates, the Company’s methodology for estimating the fair value of MSRs is highly sensitive to changes in assumptions. For example, actual prepayment experience may differ and any difference may have a material effect on MSRs fair value. Changes in fair value resulting from changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the MSRs is calculated without changing any other assumption; in reality, changes in one factor may be associated with changes in another (for example, decreases in market interest rates may indicate higher prepayments; however, this may be partially offset by lower prepayments due to other factors such as a borrower’s diminished opportunity to refinance), which may magnify or counteract the sensitivities. Thus, any measurement of MSRs fair value is limited by the conditions existing and assumptions made as of a particular point in time. Those assumptions may not be appropriate if they are applied to a different point in time.

Debt

Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt	Debt
	Borrowings outstanding as of March 31, 2015 and December 31, 2014 are as follows:
		March 31, 2015						December 31, 2014
		Amount Outstanding			Weighted Average Interest Rate			Amount			Weighted Average Interest Rate
								Outstanding
	Secured borrowings - mortgage loans	$	542,953		3.99	%		$	592,798		3.97	%
	Mortgage repurchase borrowings	516,881			2.23	%		472,045			2.23	%
	Warehouse lines of credit	933			4.25	%		1,374			4.25	%
	Secured borrowings - mortgage servicing rights	71,058			5.06	%		75,970			5.49	%
	Operating lines of credit	5,000			4	%		2,000			4	%
	Total short-term borrowings	$	1,136,825					$	1,144,187
	The Company maintains mortgage loan participation, repurchase and warehouse lines of credit arrangements listed above (collectively referred to as “mortgage funding arrangements”) with various financial institutions, primarily to fund the origination of mortgage loans. As of March 31, 2015, the Company held mortgage funding arrangements with four separate financial institutions and a total maximum borrowing capacity of $1,842,000, including the operating lines of credit. Except for our operating lines of credit, each mortgage funding arrangement is collateralized by the underlying mortgage loans. Separately, the Company had two mortgage funding arrangements for the funding of MSRs, each of which is collateralized by the particular MSRs being funded.
	The following tables summarize the amounts outstanding, interest rates and maturity dates under the Company’s various mortgage funding arrangements as of March 31, 2015 and December 31, 2014:
	As of March 31, 2015:
	Mortgage Funding Arrangements1		Amount Outstanding			Maximum Borrowing Capacity				Interest Rate	Maturity Date
	Merchants Bank of Indiana - Participation Agreement		$	234,323		$	600,000		2	Same as the underlying mortgage rates, less contractual service fee	Jul-15
	Merchants Bank of Indiana - NattyMac Funding		308,630			—			3	LIBOR plus applicable margin	Mar-16
	Total secured borrowings - mortgage loans		542,953			600,000
	Barclays Bank PLC		165,733			400,000				LIBOR plus applicable margin	Dec-15
	Bank of America, N.A.		313,803			600,000			5	LIBOR plus applicable margin	May-15	6
	Wells Fargo		37,345			200,000				LIBOR plus applicable margin	Jan-16
	Total mortgage repurchase borrowings		516,881			1,200,000
	Merchants Bank of Indiana - Warehouse Line of Credit		933			2,000				Prime plus 1.00%	Jul-15
	Total warehouse lines of credit		933			2,000
	Barclays Bank PLC - MSRs Secured		36,058			—			4	LIBOR plus applicable margin	Dec-15
	Merchants Bank of Indiana - MSRs Secured		35,000			35,000				LIBOR plus applicable margin	Jun-17
	Total secured borrowings - MSRs		71,058			35,000
	Total		1,131,825			1,837,000
	1 Does not include our operating lines of credit for which we have a maximum borrowing capacity of $5,000.
	2 Merchants Bank of Indiana will periodically constrain the aggregate maximum borrowing capacity. At March 31, 2015, the aggregate
	maximum borrowing capacity was $600,000.
	3 The maximum borrowing capacity is a sublimit of the Merchants Participation Agreement maximum borrowing capacity of $600,000
	referred to in Note 2 above.
	4 Governed by the Barclays Bank PLC maximum borrowing capacity of $400,000, with a sub-limit of $100,000.
	5 The Bank of America maximum borrowing includes $400,000 of mortgage repurchase and $200,000 of mortgage gestation repurchase
	facilities.
	6 Agreement was extended on April 24, 2015 to a maturity date of June 2015.
	As of December 31, 2014:
	Mortgage Funding Arrangements1		Amount Outstanding			Maximum Borrowing Capacity				Interest Rate	Maturity Date
	Merchants Bank of Indiana - Participation Agreement		$	273,341		$	600,000		2	Same as the underlying mortgage rates, less contractual service fee	Jul-15
	Merchants Bank of Indiana - NattyMac Funding		319,457			—			3	LIBOR plus applicable margin	Mar-15	7
	Total secured borrowings - mortgage loans		592,798			600,000
	Barclays Bank PLC		224,444			400,000				LIBOR plus applicable margin	Dec-15
	Bank of America, N.A.		247,601			600,000			6	LIBOR plus applicable margin	May-15
	Total mortgage repurchase borrowings		472,045			1,000,000
	Merchants Bank of Indiana - Warehouse Line of Credit		1,374			2,000				Prime plus 1.00%	Jul-15
	Total warehouse lines of credit		1,374			2,000
	Barclays Bank PLC - MSRs Secured		45,970			—			4	LIBOR plus applicable margin	Dec-15
	Merchants Bank of Indiana - MSRs Secured		30,000			30,000			5	LIBOR plus applicable margin	Jun-17
	Total secured borrowings - MSRs		$	75,970		$	30,000
	Total		$	1,142,187		$	1,632,000
	1 Does not include our operating lines of credit for which we have a maximum borrowing capacity of $2,000.
	2 Merchants Bank of Indiana will periodically constrain the aggregate maximum borrowing capacity. During the year ended December 31,
	2014, the most the aggregate maximum borrowing capacity was constrained approximated $500,000. At December 31, 2014, the aggregate
	maximum borrowing capacity was $600,000.
	3 The maximum borrowing capacity is a sublimit of the Merchants Participation Agreement maximum borrowing capacity of $600,000
	referred to in Note 2 above.
	4 Governed by the Barclays Bank PLC maximum borrowing capacity of $400,000, with a sub-limit of $100,000.
	5 Based on GNMA MSRs pledged to Merchants Bank of Indiana. Subsequent to year end, such capacity was raised to $35,000.
	6 The Bank of America maximum borrowing includes $400,000 of mortgage repurchase and $200,000 of mortgage gestation repurchase
	facilities.
	7 Agreement automatically renews 90 days prior to maturity if no termination notice given by either party. No notice was received or given at
	the 90 day mark and this line was extended to a maturity date of March 2016.
	The Company intends to renew the mortgage funding arrangements when they mature and has no reason to believe the Company will be unable to do so.
On January 29, 2015, the Company signed a Mortgage Repurchase Agreement with Wells Fargo with a maximum borrowing capacity of $200,000. The borrowing facility is comparable to the repurchase facilities that the Company has in place with other financial institutions, and is designed to finance newly originated conventional, government and jumbo residential mortgages originated or purchased by the Company. The facility is uncommitted and matures on January 30, 2016.
The Company reviews and monitors our operating lines of credit during the quarter and amends the borrowing capacity and maturity date throughout the quarter based on current operations.
The Company has concluded that on a consolidated basis it has a variable interest in NMF resulting from any potential interest it may earn from the 49% NMF earnings participation.  The Company has further concluded that it is not considered the primary beneficiary of its variable interest in NMF based on the fact that  it does not have the power to direct the activities of NMF that most significantly impact NMF’s economic performance.  NMF has the final authority over its operating policies.  If at any time in the future the Company claims the right to the common capital stock of NMF in a default scenario as described above, the primary beneficiary conclusion may change.

Reserve_for_Mortgage_Repurchas

Reserve for Mortgage Repurchases and Indemnifications	3 Months Ended
	Mar. 31, 2015
Valuation and Qualifying Accounts [Abstract]
Reserve for Mortgage Repurchases and Indemnifications	Reserve for Mortgage Repurchases and Indemnifications
	Representations and warranties are provided to investors and insurers on loans sold and are also assumed on purchased mortgage loans. In the event of a breach of these representations and warranties, the Company may be required to repurchase the mortgage loan or indemnify the investor against loss. In limited circumstances, the full risk of loss on loans sold is retained to the extent the liquidation of the underlying collateral is insufficient. In some instances where the Company has purchased loans from third parties, it may have the ability to recover the loss from the third party originator. Repurchase and foreclosure-related reserves are maintained for probable losses related to repurchase and indemnification obligations and for on-balance sheet loans in foreclosure and real estate owned.
	The following is a summary of changes in the reserve for mortgage repurchases and indemnifications for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	4,967		$	3,709
	Provision for mortgage repurchases and indemnifications - new loan sales1	764			478
	Provision for mortgage repurchases and indemnifications - change in estimate2	86			395
	Losses on repurchases and indemnifications	(940		)	(351		)
	Balance at end of period	$	4,877		$	4,231
	1 Recognized as a reduction to "Gain on mortgage loans held for sale, net" in the consolidated statements of operations.
	2 Accounts for change in estimate made subsequent to the initial reserve for new loan sales being made.
	Because of the inherent uncertainties involved in the various estimates and assumptions used by the Company in determining the mortgage repurchase and indemnifications liability, there is a reasonable possibility that future losses may be in excess of the recorded liability. In assessing the adequacy of the reserve, management evaluates various factors including actual losses on repurchases and indemnifications during the period, historical loss experience, known delinquent and other problem loans, delinquency trends in the portfolio of sold loans and economic trends and conditions in the industry. The Company considers the liability to be appropriate at each balance sheet date.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	The Company calculates its quarterly tax provision pursuant to the guidelines in Accounting Standards Codification ("ASC") 740-270 "Income Taxes". Generally ASC 740-270 requires companies to estimate the annual effective tax rate for current year ordinary income. In calculating the effective tax rate, permanent differences between financial reporting and taxable income are factored into the calculation, but temporary differences are not. The estimated annual effective tax rate represents the best estimate of the tax provision in relation to the best estimate of pre-tax ordinary income or loss. The estimated annual effective tax rate is then applied to year-to-date ordinary income or loss to calculate the year-to-date interim tax provision. Due primarily to the unpredictable nature of the MSRs valuation and the impact it has on making a reliable estimate of the annual effective tax rate at quarter end, in the third quarter of 2014, the Company elected to begin using the actual year-to-date effective tax rate for the current period tax provision.
	The following is a reconciliation of the expected statutory federal corporate income tax expense to the income tax expense recorded on the Company's consolidated statements of operations for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015					2014
		$			%		$			%
	Statutory federal income tax expense (benefit)	$	(6,374	)	35	%	$	(4,497	)	35	%
	State income tax expense (benefit), net of federal tax expense (benefit)	(780		)	4.3	%	(431		)	3.4	%
	Non-deductible expenses	61			(0.4	)%	(42		)	0.3	%
	Provision to return adjustments	—			—	%	—			—	%
	Adjustment to state net deferred tax liabilities	—			—	%	—			—	%
	YTD impact of change in effective tax rate	—			—	%	—			—	%
	Other	—			—	%	3			—	%
	Total income tax expense (benefit)	$	(7,093	)	38.9	%	$	(4,967	)	38.7	%
	During the three months ended March 31, 2015 and 2014, the Company recognized an income tax benefit of $7,093 and $4,967, respectively, which represented effective tax rates of 38.9% and 38.7%, respectively.
	As of March 31, 2015, the Company had federal and state net operating loss carryforwards of $148,580 and $125,957, respectively. The Company's federal and state net operating loss carryforwards are available to offset future taxable income and expire from 2027 through 2033. Given the uncertainty around the Company’s ability to forecast book and taxable income due primarily to the unpredictable nature of the MSRs value impacted by changing interest rates, the Company has not relied on any projections of future taxable income to support the assertion that no valuation allowance is needed. It has relied solely on the reversal and timing of the reversal of its deferred tax liabilities, and, to the extent necessary, tax planning strategies. The Company anticipates the reversal of deferred tax liabilities will offset the future reversal of deferred tax assets. Accordingly, no valuation allowance has been established at March 31, 2015 and 2014.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies
	Commitments to Extend Credit
	The Company enters into interest rate lock commitments ("IRLCs") with customers who have applied for residential mortgage loans and meet certain credit and underwriting criteria. These commitments expose the Company to market risk if interest rates change and the loan is not economically hedged or committed to an investor. The Company is also exposed to credit loss if the loan is originated and not sold to an investor and the customer does not perform. The collateral upon extension of credit typically consists of a first deed of trust in the mortgagor’s residential property. Commitments to originate loans do not necessarily reflect future cash requirements as some commitments are expected to expire without being drawn upon. Total commitments to originate loans as of March 31, 2015 and December 31, 2014 approximated $2,225,975 and $1,211,675, respectively. The commitments are recognized in the balance sheet within “Derivatives".
	Litigation
	The Company is subject to various legal proceedings arising out of the ordinary course of business. As of March 31, 2015, there were no current or pending claims against the Company, which could have a material impact on the Company's statement of financial position, net income or cash flows. Any liabilities which are probable to occur and estimable have been recorded in the balance sheet.
	Regulatory Contingencies
	The Company is subject to periodic audits and examinations, both formal and informal in nature, from various federal and state agencies, including those made as part of regulatory oversight of our mortgage origination, servicing and financing activities. Such audits and examinations could result in additional actions, penalties or fines by state or federal governmental bodies, regulators or the courts with respect to our mortgage origination, servicing and financing activities, which may be applicable generally to the mortgage industry or to us in particular.  During 2014, we received a report of examination from a state regulatory agency that certain fees that were charged to borrowers in connection with the origination of loans through our wholesale and retail channels were impermissible and must be refunded to such borrowers.  The total amount of these fees is $417. The Company disagrees with the findings in the report of examination and has communicated to the state regulatory agency its reasoning as to why the related fees are permissible to the state regulatory agency.  However, there can be no assurance that the state regulatory agency will agree with our position and that we will not be ultimately required to refund the fees to the related borrowers.
	Other Contingencies
	During 2013, the Company became aware that it had purchased certain refinancing loans, with a total principal amount of $5,163, from a correspondent lender where the prior mortgage loan on the property securing the mortgage loan that was purchased from the correspondent was not satisfied and released by the correspondent’s title company at the time the loan from the correspondent was made. As part of the Company’s process in purchasing a mortgage loan from a correspondent, it generally requires that a closing protection letter be issued by the title insurer in favor of the borrower. A closing protection letter was obtained with respect to each of these purchased loans. As a result, the Company believes the borrower is insured against any liens prior to ours that were not identified in connection with the issuance of that closing protection letter. The Company believes that its procedures, including conducting a post-purchase audit, were effective in identifying the failure by the correspondent to obtain a release of the prior mortgage loan and that the Company’s practice of obtaining closing protection letters is appropriate to protect it in these situations. The Company has notified the affected borrowers and the relevant insurance carriers, and it expects that the title insurance obtained in connection with the refinancings will result in the loan having a first priority status. However, there can be no assurances that the prior mortgages will be fully satisfied from the title insurance claims.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation
	Stock Options
	A summary of stock option activity for the three months ended March 31, 2015 is as follows:
		Number of Shares		Weighted Average		Weighted Average	Aggregate Intrinsic Value
				Exercise Price Per Share		Remaining Contractual Life (Years)
	Outstanding at December 31, 2014	1,405,206		$	16.9
	Granted	—		N/A
	Exercised	—		N/A
	Forfeited or expired	(13,458	)	$	18
	Outstanding at March 31, 2015	1,391,748		$	16.89	8.1	$	811
	Exercisable at March 31, 2015	421,230		$	14.9	7.9	$	743
	The Company uses the Black-Scholes option pricing model to estimate the fair value of stock options granted. For a more detailed discussion of the Company's stock-based compensation plan's fair value methodology, refer to Note 18, “Stock-Based Compensation,” to its audited consolidated financial statements as of and for the year ended December 31, 2014, included in its 2014 Annual Report on Form 10-K.
	Restricted Stock Units
	A summary of the nonvested restricted stock unit activity for the three months ended March 31, 2015 is as follows:
		Restricted Stock Units		Weighted Average Grant Date Fair Value Per Share
	Nonvested at December 31, 2014	33,922		$	16
	Granted	—		N/A
	Vested	—		N/A
	Forfeited	—		N/A
	Nonvested at March 31, 2015	33,922		$	16

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information
	Since the date of the Company’s IPO, the Company has continued its development of internal management reporting. Such development has resulted in changes in the information that is provided to the Company’s chief operating decision maker. Accordingly, during the quarter ended September 30, 2014, management re-evaluated this information in relation to its definition of its operating segments.
	As a result of this new information provided to the chief operating decision maker, management has concluded that its Mortgage Banking operations should be disclosed as three segments: Originations, Servicing and Financing. Prior period segment disclosures have been restated to conform segment disclosures for the three months ended March 31, 2014 to those for the three months ended March 31, 2015.
	The Originations segment primarily originates and sells residential mortgage loans, which conform to the underwriting guidelines of the GSEs and government agencies and non-agency whole loan investors. The Servicing segment includes loan administration, collection and default activities, including the collection and remittance of loan payments, responding to customer inquiries, collection of principal and interest payments, holding custodial funds for the payment of property taxes and insurance premiums, counseling delinquent mortgagors, modifying loans and supervising foreclosures on the Company’s property dispositions. The Financing segment includes warehouse-lending activities to correspondent customers by the Company’s NattyMac subsidiary, which commenced operations in July 2013.
	The Company's segments are based upon its organizational structure, which focuses primarily on the services performed. The accounting policies of each reportable segment are the same as those of the Company. Certain consolidated back-office operations, such as risk and compliance, human resources, information technology, business processes and marketing, are allocated to each individual segment. Expenses are allocated to individual segments based on the estimated value of services performed, including estimated utilization of square footage and corporate personnel.
	Financial highlights by segment are as follows:
		Total Assets
		March 31, 2015			December 31, 2014
	Originations	$	1,130,528		$	1,199,727
	Servicing	190,778			223,058
	Financing	197,822			118,593
	Other1	66,311			55,173
	Total	$	1,585,439		$	1,596,551
	1 Includes intersegment eliminations and assets not allocated to the three reportable segments.
		Three Months Ended March 31, 2015
		Originations			Servicing			Financing			Other/Eliminations1			Consolidated
	Revenues
	Gains on mortgage loans held for sale, net	$	52,841		$	—		$	—		$	—		$	52,841
	Gain on sale of mortgage servicing rights	—			199			—			—			199
	Changes in mortgage servicing rights valuation	—			(24,389		)	—			—			(24,389		)
	Payoffs and principal amortization of mortgage servicing rights	—			(13,766		)	—			—			(13,766		)
	Loan origination and other loan fees	6,070			—			274			—			6,344
	Loan servicing fees	—			14,339			—			—			14,339
	Interest and other income	6,928			—			1,734			89			8,751
	Total revenues	65,839			(23,617		)	2,008			89			44,319
	Expenses
	Salaries, commissions and benefits	28,101			2,116			519			7,212			37,948
	General and administrative	3,758			441			135			4,106			8,440
	Interest expense	4,747			1,524			1,002			1,136			8,409
	Occupancy, equipment and communication	3,348			482			58			1,973			5,861
	Provision for mortgage repurchases and indemnifications	86			—			—			—			86
	Depreciation and amortization	356			35			101			1,289			1,781
	Loss on disposal of property and equipment				—			—			6			6
	Corporate allocations	7,346			1,003			78			(8,427		)	—
	Total expenses	47,742			5,601			1,893			7,295			62,531
	Income (loss) before taxes	$	18,097		$	(29,218	)	$	115		$	(7,206	)	$	(18,212	)
	1Includes intersegment eliminations and certain corporate income and expenses not allocated to the three reportable segments, such as those related to our accounting, executive administration, finance, internal audit, investor relations and legal departments.
		Three Months Ended March 31, 2014
		Originations			Servicing			Financing			Other/Eliminations1			Consolidated
	Revenues
	Gains on mortgage loans held for sale, net	$	28,631		$	—		$	—		$	—		$	28,631
	Changes in mortgage servicing rights valuation	—			(7,931		)	—			—			(7,931		)
	Payoffs and principal amortization of mortgage servicing rights	—			(2,727		)	—			—			(2,727		)
	Loan origination and other loan fees	5,035			—			62			(20		)	5,077
	Loan servicing fees	—			9,174			—			—			9,174
	Interest and other income	5,922			—			424			(269		)	6,077
	Total revenues	39,588			(1,484		)	486			(289		)	38,301
	Expenses
	Salaries, commissions and benefits	26,303			1,213			376			5,528			33,420
	General and administrative	3,521			336			119			4,233			8,209
	Interest expense	3,983			88			—			(258		)	3,813
	Occupancy, equipment and communication	2,277			385			11			1,468			4,141
	Provision for mortgage repurchases and indemnifications	395			—			—			—			395
	Depreciation and amortization	186			—			90			807			1,083
	Loss on disposal of property and equipment	—			—			—			91			91
	Corporate allocations	5,409			666			22			(6,097		)	—
	Total expenses	42,074			2,688			618			5,772			51,152
	Income (loss) before taxes	$	(2,486	)	$	(4,172	)	(132		)	$	(6,061	)	$	(12,851	)
	1Includes intersegment eliminations and certain corporate income and expenses not allocated to the three reportable segments, such as those related to our accounting, executive administration, finance, internal audit, investor relations and legal departments.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events
	On April 23, 2015, the Company, through its NattyMac subsidiary, entered into a Participation Agreement with Citizens Bank & Trust Company ("Citizens"), in which the Company will sell participation interests in certain of its warehouse lines of credit in an amount not to exceed $100,000 and on an individual warehouse lender basis not to exceed $7,500.
	On April 24, 2015, the Company amended its mortgage repurchase financing facility with Bank of America to extend the maturity date to June 2015.
	On April 30, 2015, the Company completed a sale of MSRs with an underlying UPB of approximately $2.0 billion in GNMA loans to an unrelated third party.  This pool of MSRs had average mortgage interest rates that were higher than the current GNMA mortgage interest rates and did not include any FNMA or FHLMC MSRs, which have a different historical performance than GNMA MSRs.  Thus, the characteristics of this pool do not represent the characteristics of our MSRs portfolio as a whole. The Company will perform temporary sub-servicing activities with respect to the underlying loans through the established transfer date, targeted for the third quarter of 2015, for a fee, during which time the Company would also be entitled to certain other ancillary income amounts.
	On April 30, 2015, the Company amended its operating line of credit with Merchants Bank to extend the available borrowings through July 2015.

Basis_of_Presentation_and_Sign1

Basis of Presentation and Significant Accounting Policies Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies
	The accompanying unaudited consolidated financial statements include the accounts of Stonegate and its subsidiaries and have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The Company has omitted certain financial disclosures that would substantially duplicate the disclosures in its audited consolidated financial statements as of and for the year ended December 31, 2014, unless the information contained in those disclosures materially changed or is required by GAAP. In the opinion of management, all adjustments, including normal recurring adjustments, necessary for a fair presentation of the consolidated financial statements as of and for the three months ended March 31, 2015 and 2014 have been recorded. All intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2015. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements as of and for the year ended December 31, 2014 included in its 2014 Annual Report on Form 10-K.
Concentration Risk and Credit Risk	In the normal course of business, companies in the mortgage banking industry encounter certain economic and regulatory risks. Economic risks include interest rate risk and credit risk. In an interest rate cycle in which rates decline over an extended period of time, the Company's mortgage origination activities’ results of operations could be positively impacted by higher loan origination volumes and gain on sale margins. In contrast, the Company's results of operations of its mortgage servicing activities could decline due to higher actual and projected loan prepayments related to its loan servicing portfolio. In an interest rate cycle in which rates rise over an extended period of time, the Company's mortgage origination activities' results of operations could be negatively impacted and its mortgage servicing activities’ results of operations could be positively impacted. Credit risk is the risk of default that may result from the borrowers’ inability or unwillingness to make contractually required payments during the period in which loans are being held for sale. The Company manages these various risks through a variety of policies and procedures, such as the hedging of the loans held for sale and interest rate lock commitments using forward sales of MBS, such as To Be Announced (“TBA”) securities, designed to quantify and mitigate the operational and financial risk to the Company to the extent possible. Specifically, the Company engages in hedging of interest rate risk of its mortgage loans held for sale and interest rate lock commitments with the use of TBA securities.
	The Company sells loans to investors without recourse. As such, the investors have assumed the risk of loss or default by the borrower. However, the Company is usually required by these investors to make certain standard representations and warranties relating to credit information, loan documentation, collateral and regulatory compliance. To the extent that the Company does not comply with such representations, the Company may be required to repurchase the loans or indemnify these investors for any losses from borrower defaults. The Company performs due diligence prior to funding mortgage loans as part of its loan underwriting process, whereby the Company analyzes credit, collateral and compliance risk of all loans in an effort to ensure the mortgage loans meet the investors’ standards. However, if a loan is repurchased, the Company could incur a loss as part of recording such loan at fair value, which may be less than the amount paid to purchase the loan. In addition, if loans pay off within a specified time frame, the Company may be required to refund a portion of the sales proceeds to the investors.
	The Company’s business requires substantial cash to support its operating activities. As a result, the Company is dependent on its lines of credit and other financing facilities in order to finance its continued operations. If the Company’s principal lenders decided to terminate or not to renew any of these credit facilities with the Company, the loss of borrowing capacity would have a material adverse impact on the Company’s financial statements unless the Company found a suitable alternative source of financing.
Recent Accounting Developments	Recent Accounting Developments:
	ASU No. 2014-04, "Receivables--Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure," was issued in January 2014. This update clarifies when a creditor is considered to have received physical possession of residential real estate property collateralized by a consumer mortgage loan in order to reduce diversity in practice for when a creditor derecognizes the loan receivable and recognizes the real estate property. The guidance in ASU No. 2014-04 also requires interim and annual disclosure of the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. The new guidance was effective for the Company beginning on January 1, 2015 and the adoption of the new guidance did not have a material impact on its financial statements.
	ASU No. 2014-11, "Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures," was issued in June 2014. The pronouncement in this update changes the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The pronouncement also requires two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements. The second disclosure provides increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The new guidance was effective for the Company beginning on January 1, 2015 and the adoption of the new guidance did not have a material impact on its financial statements.
	ASU No. 2015-02, "Consolidation (Topic 810) - Amendments to the Consolidation Analysis" was issued in February
	2015. This update affects reporting entities that are required to evaluate whether they should consolidate certain legal entities.
	The amendments in this update affect the following areas: 1) limited partnerships and similar legal entities, 2) evaluating fees
	paid to a decision maker or a service provider as a variable interest, 3) the effect of fee arrangements on the primary beneficiary
	determination, 4) the effect of related parties on the primary beneficiary determination, and 5) certain investment funds. The
	new guidance will be effective for the Company beginning on January 1, 2016. The Company does not expect the adoption of
	the new guidance to have a material impact on its financial statements.
	ASU No. 2015-03 "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs" was issued in April 2015. This update is to simplify presentation of debt issuance costs and requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts. The new guidance will be effective for the Company beginning on January 1, 2016. The Company does not expect the adoption of the new guidance to have a material impact on its financial statements.
	ASU No. 2015-05 "Intangibles - Goodwill and Other - Internal Use Software (Topic 350-40): "Customer's Accounting for Fees Paid in a Cloud Computing Arrangement" was issued in April 2015. This update provides guidance to customers about whether a cloud computing arrangement includes a software license and how to account for it. The new guidance will be effective for the Company beginning on January 1, 2016. The Company does not expect the adoption of the new guidance to have a material impact on its financial statements.
Fair Value of Financial Instruments	Fair Value Measurements
	The Company uses fair value measurements in fair value disclosures and to record certain assets and liabilities at fair value on a recurring basis, such as MSRs, derivatives and loans held for sale, or on a nonrecurring basis, such as when measuring intangible assets and long-lived assets. The Company has elected fair value accounting for loans held for sale to more closely align the Company’s accounting with its interest rate risk strategies without having to apply the operational complexities of hedge accounting.
	The Company groups its assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are:
	Level Input:	Input Definition:
	Level 1	Unadjusted, quoted prices in active markets for identical assets or liabilities.
	Level 2	Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants would use in pricing an asset or liability and are developed based on market data obtained from sources independent of the Company. These may include quoted prices for similar assets and liabilities, interest rates, prepayment speeds, credit risk and others.
	Level 3	Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity), unobservable inputs may be used. Unobservable inputs reflect the Company's own assumptions about the factors that market participants would use in pricing the asset or liability, and are based on the best information available in the circumstances.
	An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
	While the Company believes its valuation methods are appropriate and consistent with those used by other market participants, the use of different methods or assumptions to estimate the fair value of certain financial statement items could result in a different estimate of fair value at the reporting date. Those estimated values may differ significantly from the values that would have been used had a readily available market for such items existed, or had such items been liquidated, and those differences could be material to the consolidated financial statements.
	Management incorporates lack of liquidity into its fair value estimates based on the type of asset or liability measured and the valuation method used. The Company uses discounted cash flow techniques to estimate fair value. These techniques incorporate forecasting of expected cash flows discounted at appropriate market discount rates that are intended to reflect the lack of liquidity in the market.
	The following describes the methods used in estimating the fair values of certain financial statement items:
	Mortgage Loans Held for Sale: The Company's mortgage loans held for sale at fair value are saleable into the secondary mortgage markets and their fair values are estimated using observable quoted market or contracted prices or market price equivalents, which would be used by other market participants.
	Derivative Financial Instruments: The Company estimates the fair value of interest rate lock commitments based on the value of the underlying mortgage loan, quoted MBS prices and estimates of the fair value of the MSRs and the probability that the mortgage loan will fund within the terms of the interest rate lock commitment. The Company estimates the fair value of forward sales commitments based on quoted MBS prices.
	Mortgage Servicing Rights: The Company uses a discounted cash flow approach to estimate the fair value of MSRs. This approach consists of projecting servicing cash flows discounted at a rate that management believes market participants would use in their determinations of value. The Company obtains valuations from an independent third party on a monthly basis, to support the reasonableness of the fair value estimate generated by the internal model. The key assumptions used in the estimation of the fair value of MSRs include prepayment speeds, discount rates, default rates, cost to service, contractual servicing fees and escrow earnings.

Loss_Earnings_Per_Share_Tables

(Loss) Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Reconciliation of net (loss) income to common shareholders and summary of the basic and diluted (loss) earnings per share	The following is a reconciliation of net (loss) income attributable to common stockholders and a table summarizing the basic and diluted (loss) earnings per share calculations for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015			2014
	Net (loss) income:
	Net (loss) income attributable to common stockholders	$	(11,119	)	$	(7,884	)
	Weighted average shares outstanding (in thousands):
	Denominator for basic (loss) earnings per share – weighted average common shares outstanding	25,781			25,769
	Effect of dilutive shares—employee and director stock options, restricted stock units, warrants and convertible preferred stock	—			—
	Denominator for diluted (loss) earnings per share	25,781			25,769
	(Loss) earnings per share:
	Basic	$	(0.43	)	$	(0.31	)
	Diluted	$	(0.43	)	$	(0.31	)

Business_Combinations_Tables

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Summary of total consideration transferred and fair value of assets acquired	The following table summarizes the total consideration transferred to acquire Medallion and the fair values of the assets acquired and liabilities assumed on the acquisition date:
	Consideration:
	Cash consideration	$	258
	Fair value of contingent consideration	603
	Total consideration	861
	Fair value of net assets acquired:
	Property and equipment	190
	Other assets	94
	Accounts payable and accrued expenses	(50		)
	Total fair value of net assets acquired	234
	Goodwill	$	627
	Acquisition-related expenses 1	$	49
	1 Legal and miscellaneous expenses classified as general and administrative expenses.

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of outstanding derivative instruments	The following summarizes the Company’s outstanding derivative instruments as of March 31, 2015 and December 31, 2014:
	March 31, 2015:						Fair Value
		Notional			Balance Sheet Location		Asset		(Liability)
	Interest rate lock commitments	$	2,225,975		Derivative assets/liabilities		$	28,585	$	(279	)
	MBS Forward Sales Contracts	$	2,369,461
	MBS Forward Purchase Contracts	$	615,161
	Total MBS Forward Trades	2,984,622			Derivative assets/liabilities		893		(11,585		)
	Total derivative financial instruments	$	5,210,597				$	29,478	$	(11,864	)
	December 31, 2014:						Fair Value
		Notional			Balance Sheet Location		Asset		(Liability)
	Interest rate lock commitments	$	1,211,675		Derivative assets/liabilities		$	12,300	$	(96	)
	MBS Forward Sales Contracts	$	1,860,768
	MBS Forward Purchase Contracts	$	457,481
	Total MBS Forward Trades	2,318,249			Derivative assets/liabilities		260		(8,948		)
	Total derivative financial instruments	$	3,529,924				$	12,560	$	(9,044	)
Summary of the effect of derivative financial instruments on consolidated statements of income	The following summarizes the effect of the Company’s derivative financial instruments and related changes in estimated fair value of mortgage loans held for sale on its consolidated statements of operations for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015			2014
	Interest rate lock commitments	$	16,102		$	9,842
	MBS forward trades	(2,004		)	(13,718		)
	Net derivative gains (losses)	14,098			(3,876		)
	Gains from changes in estimated fair value of mortgage loans held for sale1	88			9,630
		$	14,186		$	5,754
	1 Mortgage loans held for sale are carried at estimated fair value pursuant to the fair value option. Gains from changes in estimated fair values are included within “gains on mortgage loans held for sale, net” on the Company’s consolidated statements of operations.

Mortgage_Loans_Held_for_Sale_T

Mortgage Loans Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Schedule of mortgage loans held for sale at fair value	The following summarizes mortgage loans held for sale at fair value as of March 31, 2015 and December 31, 2014:
		March 31, 2015		December 31, 2014
	Conventional 1	$	376,851	$	507,297
	Government insured 2	494,260		444,955
	Non-agency/Other	86,811		96,095
	Total mortgage loans held for sale, at fair value	$	957,922	$	1,048,347
	1 Conventional includes FNMA and FHLMC mortgage loans.
	2 Government insured includes GNMA mortgage loans (including Federal Housing Administration, Department of Veterans Affairs and United States Department of Agricultural mortgage loans).

Mortgage_Servicing_Rights_Tabl

Mortgage Servicing Rights (Tables)	3 Months Ended
	Mar. 31, 2015
Transfers and Servicing [Abstract]
Summary of the total mortgage servicing portfolio	The Company’s total mortgage servicing portfolio as of March 31, 2015 and December 31, 2014 is summarized as follows (based on the unpaid principal balance ("UPB") of the underlying mortgage loans):
		March 31, 2015			December 31, 2014
	FNMA	$	4,393,379		$	5,797,883
	GNMA: 1
	FHA	5,527,398			5,365,627
	VA	2,995,258			2,652,678
	USDA	1,074,261			974,501
	FHLMC	2,923,511			3,500,321
	Other Investors	50,927			45,735
	Total mortgage servicing portfolio	$	16,964,734		$	18,336,745
	MSRs balance	$	170,580		$	204,216
	MSRs balance as a percentage of total mortgage servicing portfolio	1.01		%	1.11		%
	1 GNMA portfolio balance is made up of Federal Housing Administration ("FHA"), Veterans Affairs ("VA"), and United States Department of Agriculture ("USDA") home loans.
Summary of changes in the balance of MSRs	A summary of the changes in the balance of MSRs for the three months ended March 31, 2015 and 2014 is as follows:
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	204,216		$	170,294
	MSRs originated in connection with loan sales	34,583			31,212
	MSRs sold and derecognized	(30,150		)	—
	Purchased MSRs	86			1,622
	Changes in valuation inputs and assumptions1	(24,389		)	(7,931		)
	Actual portfolio runoff (payoffs and principal amortization)	(13,766		)	(2,727		)
	Balance at end of period	$	170,580		$	192,470
	1 Refer to Note 9, "Transfers and Servicing of Financial Assets" for a range of prepayment speeds for the three months ended March 31, 2015 and 2014.
Summary of the components of loan servicing fees	The following is a summary of the components of loan servicing fees as reported in the Company’s consolidated statements of operations for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015			2014
	Contractual servicing fees	$	13,529		$	8,765
	Late fees	810			409
	Loan servicing fees	$	14,339		$	9,174
	Servicing fees as a percentage of average portfolio (annualized)	0.31		%	0.28		%

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Major categories of assets and liabilities measured at fair value on a recurring basis	The following are the major categories of assets and liabilities measured at fair value on a recurring basis as of March 31, 2015:
		Level 1			Level 2			Level 3		Total
	Assets:
	Mortgage loans held for sale	$	—		$	957,922		$	—	$	957,922
	Derivative assets (IRLCs)	—			28,585			—		28,585
	Derivative assets (MBS forward trades)	—			893			—		893
	MSRs	—			—			170,580		170,580
	Total assets	$	—		$	987,400		$	170,580	$	1,157,980
	Liabilities:
	Derivative liabilities (IRLCs)	$	—		$	279		$	—	$	279
	Derivative liabilities (MBS forward trades)	—			11,585			—		11,585
	Contingent earn-out liability	—			—			2,155		2,155
	Total liabilities	$	—		$	11,864		$	2,155	$	14,019
	The following are the major categories of assets and liabilities measured at fair value on a recurring basis as of December 31, 2014:
		Level 1			Level 2			Level 3		Total
	Assets:
	Mortgage loans held for sale	$	—		$	1,048,347		$	—	$	1,048,347
	Derivative assets (IRLCs)	—			12,300			—		12,300
	Derivative assets (MBS forward trades)	—			260			—		260
	MSRs	—			—			204,216		204,216
	Total assets	$	—		$	1,060,907		$	204,216	$	1,265,123
	Liabilities:
	Derivative liabilities (IRLCs)	$	—		$	96		$	—	$	96
	Derivative liabilities (MBS forward trades)	—			8,948			—		8,948
	Contingent earn-out liability	722			—			2,283		3,005
	Total liabilities	$	722		$	9,044		$	2,283	$	12,049
Fair values and related UPB due upon maturity for loans held for sale accounted for under the fair value option	The following are the fair values and related UPB due upon maturity for loans held for sale accounted under the fair value method as of March 31, 2015 and December 31, 2014:
		March 31, 2015						December 31, 2014
		Fair Value			UPB			Fair Value		UPB
	Current through 89 days delinquent	$	952,828		$	934,999		$	1,044,005	$	1,025,374
	90 or more days delinquent	5,094			6,094			4,342		5,342
	Total	$	957,922		$	941,093		$	1,048,347	$	1,030,716
Reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using Level 3 inputs	A reconciliation of the beginning and ending balances of the Company’s MSRs measured at fair value on a recurring basis using Level 3 inputs during the three months ended March 31, 2015 and 2014 is as follows:
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	204,216		$	170,294
	Changes in valuation	(24,389		)	(7,931		)
	Payoffs and principal amortization	(13,766		)	(2,727		)
	Purchases	86			1,622
	Sales	(30,150		)	—
	MSRs originated in connection with loan sales	34,583			31,212
	Settlements	—			—
	Transfers into Level 3	—			—
	Transfers out of Level 3	—			—
	Balance at end of period	$	170,580		$	192,470
Reconciliation of the beginning and ending balances of liabilities measured at fair value on a recurring basis using Level 3 inputs	A reconciliation of the beginning and ending balances of the Company’s contingent earn-out liabilities measured at fair value on a recurring basis using Level 3 inputs for the three months ended March 31, 2015 and 2014 is as follows:
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	3,005		$	3,791
	Changes in fair value recognized in earnings1	24			42
	Purchases2	—			603
	Sales	—			—
	Issuances	—			—
	Settlements	(874		)	(25		)
	Transfers into Level 3	—			—
	Transfers out of Level 3				—
	Balance at end of period	$	2,155		$	4,411
	1 Recognized in the consolidated statements of operations within “General and administrative expense”.
	2 Represents the Company’s acquisition of Medallion during February 2014.

Transfers_and_Servicing_of_Fin1

Transfers and Servicing of Financial Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Transfers and Servicing [Abstract]
Information regarding cash flows relating to loan sales with continuing involvement	The following table sets forth information regarding cash flows for the three months ended March 31, 2015 and 2014 relating to loan sales in which the Company has continuing involvement:
		Three Months Ended March 31,
		2015			2014
	Proceeds from new loan sales 1	$	8,021		$	(654	)
	Proceeds from loan servicing fees	$	13,676		$	9,174
	Cash outflows from servicing advances	$	862		$	887
	Cash outflows from repurchases and indemnifications of previously sold loans	$	10,748		$	1,469
	1 Represents the proceeds from mortgage loans or pools of mortgage loans sold, net of the related repayments of borrowings under the Company's mortgage funding arrangements used to fund the related mortgage loans prior to sale as well as the cost to retain the servicing rights.
Information related to outstanding loans sold with continuing involvement	The following table sets forth information related to outstanding loans sold as of March 31, 2015 and December 31, 2014 for which the Company has continuing involvement:
		March 31, 2015			December 31, 2014
	Total unpaid principal balance	$	16,964,734		$	18,336,745
	Loans 30-89 days delinquent	$	306,694		$	379,881
	Loans delinquent 90 or more days or in foreclosure 1	$	138,339		$	127,751
	1 Includes GNMA mortgage loans eligible for repurchase and recorded on the consolidated balance sheet, which are government-insured, of $116,051 and $109,397, respectively, as of March 31, 2015 and December 31, 2014.
Key assumptions used in determining the fair value of MSRs as of the balance sheet date	The key weighted average assumptions (or range of assumptions) used in determining the fair value of the Company’s MSRs as of March 31, 2015 and December 31, 2014 are as follows:
		March 31, 2015		December 31, 2014
	Discount rates	9.25% - 11.00%		9.25% - 11.00%
	Annual prepayment speeds (by investor type):
	FNMA	17.20%		13.90%
	GNMA:
	FHA	12.50%		11.20%
	VA	10.90%		10.10%
	USDA	13.20%		11.80%
	FHLMC	15.80%		13.10%
	Other Investors	15.70%		12.40%
	Cost of servicing (per loan)	$86		$83
Schedule of assumptions for default rates	The Company's assumptions for default rates for FNMA, GNMA, FHLMC and Other Investors mortgage loans as of March 31, 2015 and December 31, 2014 are as follows:
		March 31, 2015		December 31, 2014
	FNMA	3.88%		3.93%
	GNMA:
	FHA	6.44%		6.42%
	VA	6.35%		6.31%
	USDA	6.33%		6.29%
	FHLMC	3.79%		3.80%
	Other Investors	6.13%		6.14%
Hypothetical effect of an adverse change in key assumptions	The hypothetical effect of an adverse change in these key assumptions would result in a decrease in the fair values of MSRs as follows as of March 31, 2015 and December 31, 2014:
		March 31, 2015			% of Average Portfolio			December 31, 2014			% of Average Portfolio
	Discount rates:
	Impact of discount rate + 1%	$	(7,014	)	4	%		$	(8,345	)	4	%
	Impact of discount rate + 2%	$	(13,495	)	8	%		$	(16,063	)	8	%
	Impact of discount rate + 3%	$	(19,499	)	11	%		$	(23,222	)	11	%
	Prepayment speeds:
	Impact of prepayment speed * 105%	$	(5,588	)	3	%		$	(5,445	)	3	%
	Impact of prepayment speed * 110%	$	(10,962	)	6	%		$	(10,668	)	5	%
	Impact of prepayment speed * 120%	$	(21,218	)	12	%		$	(20,508	)	10	%
	Cost of servicing:
	Impact of cost of servicing * 105%	$	(1,332	)	1	%		$	(1,529	)	1	%
	Impact of cost of servicing * 110%	$	(2,665	)	2	%		$	(3,058	)	1	%
	Impact of cost of servicing * 120%	$	(5,330	)	3	%		$	(6,116	)	3	%

Debt_Tables

Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Short-term borrowings outstanding	Borrowings outstanding as of March 31, 2015 and December 31, 2014 are as follows:
		March 31, 2015						December 31, 2014
		Amount Outstanding			Weighted Average Interest Rate			Amount			Weighted Average Interest Rate
								Outstanding
	Secured borrowings - mortgage loans	$	542,953		3.99	%		$	592,798		3.97	%
	Mortgage repurchase borrowings	516,881			2.23	%		472,045			2.23	%
	Warehouse lines of credit	933			4.25	%		1,374			4.25	%
	Secured borrowings - mortgage servicing rights	71,058			5.06	%		75,970			5.49	%
	Operating lines of credit	5,000			4	%		2,000			4	%
	Total short-term borrowings	$	1,136,825					$	1,144,187
Summary of the amounts outstanding, interest rates and maturity dates under the various mortgage funding arrangements	The following tables summarize the amounts outstanding, interest rates and maturity dates under the Company’s various mortgage funding arrangements as of March 31, 2015 and December 31, 2014:
	As of March 31, 2015:
	Mortgage Funding Arrangements1		Amount Outstanding			Maximum Borrowing Capacity				Interest Rate	Maturity Date
	Merchants Bank of Indiana - Participation Agreement		$	234,323		$	600,000		2	Same as the underlying mortgage rates, less contractual service fee	Jul-15
	Merchants Bank of Indiana - NattyMac Funding		308,630			—			3	LIBOR plus applicable margin	Mar-16
	Total secured borrowings - mortgage loans		542,953			600,000
	Barclays Bank PLC		165,733			400,000				LIBOR plus applicable margin	Dec-15
	Bank of America, N.A.		313,803			600,000			5	LIBOR plus applicable margin	May-15	6
	Wells Fargo		37,345			200,000				LIBOR plus applicable margin	Jan-16
	Total mortgage repurchase borrowings		516,881			1,200,000
	Merchants Bank of Indiana - Warehouse Line of Credit		933			2,000				Prime plus 1.00%	Jul-15
	Total warehouse lines of credit		933			2,000
	Barclays Bank PLC - MSRs Secured		36,058			—			4	LIBOR plus applicable margin	Dec-15
	Merchants Bank of Indiana - MSRs Secured		35,000			35,000				LIBOR plus applicable margin	Jun-17
	Total secured borrowings - MSRs		71,058			35,000
	Total		1,131,825			1,837,000
	1 Does not include our operating lines of credit for which we have a maximum borrowing capacity of $5,000.
	2 Merchants Bank of Indiana will periodically constrain the aggregate maximum borrowing capacity. At March 31, 2015, the aggregate
	maximum borrowing capacity was $600,000.
	3 The maximum borrowing capacity is a sublimit of the Merchants Participation Agreement maximum borrowing capacity of $600,000
	referred to in Note 2 above.
	4 Governed by the Barclays Bank PLC maximum borrowing capacity of $400,000, with a sub-limit of $100,000.
	5 The Bank of America maximum borrowing includes $400,000 of mortgage repurchase and $200,000 of mortgage gestation repurchase
	facilities.
	6 Agreement was extended on April 24, 2015 to a maturity date of June 2015.
	As of December 31, 2014:
	Mortgage Funding Arrangements1		Amount Outstanding			Maximum Borrowing Capacity				Interest Rate	Maturity Date
	Merchants Bank of Indiana - Participation Agreement		$	273,341		$	600,000		2	Same as the underlying mortgage rates, less contractual service fee	Jul-15
	Merchants Bank of Indiana - NattyMac Funding		319,457			—			3	LIBOR plus applicable margin	Mar-15	7
	Total secured borrowings - mortgage loans		592,798			600,000
	Barclays Bank PLC		224,444			400,000				LIBOR plus applicable margin	Dec-15
	Bank of America, N.A.		247,601			600,000			6	LIBOR plus applicable margin	May-15
	Total mortgage repurchase borrowings		472,045			1,000,000
	Merchants Bank of Indiana - Warehouse Line of Credit		1,374			2,000				Prime plus 1.00%	Jul-15
	Total warehouse lines of credit		1,374			2,000
	Barclays Bank PLC - MSRs Secured		45,970			—			4	LIBOR plus applicable margin	Dec-15
	Merchants Bank of Indiana - MSRs Secured		30,000			30,000			5	LIBOR plus applicable margin	Jun-17
	Total secured borrowings - MSRs		$	75,970		$	30,000
	Total		$	1,142,187		$	1,632,000
	1 Does not include our operating lines of credit for which we have a maximum borrowing capacity of $2,000.
	2 Merchants Bank of Indiana will periodically constrain the aggregate maximum borrowing capacity. During the year ended December 31,
	2014, the most the aggregate maximum borrowing capacity was constrained approximated $500,000. At December 31, 2014, the aggregate
	maximum borrowing capacity was $600,000.
	3 The maximum borrowing capacity is a sublimit of the Merchants Participation Agreement maximum borrowing capacity of $600,000
	referred to in Note 2 above.
	4 Governed by the Barclays Bank PLC maximum borrowing capacity of $400,000, with a sub-limit of $100,000.
	5 Based on GNMA MSRs pledged to Merchants Bank of Indiana. Subsequent to year end, such capacity was raised to $35,000.
	6 The Bank of America maximum borrowing includes $400,000 of mortgage repurchase and $200,000 of mortgage gestation repurchase
	facilities.
	7 Agreement automatically renews 90 days prior to maturity if no termination notice given by either party. No notice was received or given at
	the 90 day mark and this line was extended to a maturity date of March 2016.

Reserve_for_Mortgage_Repurchas1

Reserve for Mortgage Repurchases and Indemnifications (Tables)	3 Months Ended
	Mar. 31, 2015
Valuation and Qualifying Accounts [Abstract]
Summary of changes in the reserve for mortgage repurchases and indemnifications	The following is a summary of changes in the reserve for mortgage repurchases and indemnifications for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	4,967		$	3,709
	Provision for mortgage repurchases and indemnifications - new loan sales1	764			478
	Provision for mortgage repurchases and indemnifications - change in estimate2	86			395
	Losses on repurchases and indemnifications	(940		)	(351		)
	Balance at end of period	$	4,877		$	4,231
	1 Recognized as a reduction to "Gain on mortgage loans held for sale, net" in the consolidated statements of operations.
	2 Accounts for change in estimate made subsequent to the initial reserve for new loan sales being made.

Income_Taxes_Income_Taxes_Tabl

Income Taxes Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense to Expected Statutory Federal Corporate Income Tax	The following is a reconciliation of the expected statutory federal corporate income tax expense to the income tax expense recorded on the Company's consolidated statements of operations for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015					2014
		$			%		$			%
	Statutory federal income tax expense (benefit)	$	(6,374	)	35	%	$	(4,497	)	35	%
	State income tax expense (benefit), net of federal tax expense (benefit)	(780		)	4.3	%	(431		)	3.4	%
	Non-deductible expenses	61			(0.4	)%	(42		)	0.3	%
	Provision to return adjustments	—			—	%	—			—	%
	Adjustment to state net deferred tax liabilities	—			—	%	—			—	%
	YTD impact of change in effective tax rate	—			—	%	—			—	%
	Other	—			—	%	3			—	%
	Total income tax expense (benefit)	$	(7,093	)	38.9	%	$	(4,967	)	38.7	%

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
A summary of stock option activity	A summary of stock option activity for the three months ended March 31, 2015 is as follows:
		Number of Shares		Weighted Average		Weighted Average	Aggregate Intrinsic Value
				Exercise Price Per Share		Remaining Contractual Life (Years)
	Outstanding at December 31, 2014	1,405,206		$	16.9
	Granted	—		N/A
	Exercised	—		N/A
	Forfeited or expired	(13,458	)	$	18
	Outstanding at March 31, 2015	1,391,748		$	16.89	8.1	$	811
	Exercisable at March 31, 2015	421,230		$	14.9	7.9	$	743
Summary of the nonvested restricted stock unit activity	A summary of the nonvested restricted stock unit activity for the three months ended March 31, 2015 is as follows:
		Restricted Stock Units		Weighted Average Grant Date Fair Value Per Share
	Nonvested at December 31, 2014	33,922		$	16
	Granted	—		N/A
	Vested	—		N/A
	Forfeited	—		N/A
	Nonvested at March 31, 2015	33,922		$	16

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Reconciliation of assets from segment to consolidated	Financial highlights by segment are as follows:
		Total Assets
		March 31, 2015			December 31, 2014
	Originations	$	1,130,528		$	1,199,727
	Servicing	190,778			223,058
	Financing	197,822			118,593
	Other1	66,311			55,173
	Total	$	1,585,439		$	1,596,551
	1 Includes intersegment eliminations and assets not allocated to the three reportable segments.
Major components of revenues by product/service
		Three Months Ended March 31, 2015
		Originations			Servicing			Financing			Other/Eliminations1			Consolidated
	Revenues
	Gains on mortgage loans held for sale, net	$	52,841		$	—		$	—		$	—		$	52,841
	Gain on sale of mortgage servicing rights	—			199			—			—			199
	Changes in mortgage servicing rights valuation	—			(24,389		)	—			—			(24,389		)
	Payoffs and principal amortization of mortgage servicing rights	—			(13,766		)	—			—			(13,766		)
	Loan origination and other loan fees	6,070			—			274			—			6,344
	Loan servicing fees	—			14,339			—			—			14,339
	Interest and other income	6,928			—			1,734			89			8,751
	Total revenues	65,839			(23,617		)	2,008			89			44,319
	Expenses
	Salaries, commissions and benefits	28,101			2,116			519			7,212			37,948
	General and administrative	3,758			441			135			4,106			8,440
	Interest expense	4,747			1,524			1,002			1,136			8,409
	Occupancy, equipment and communication	3,348			482			58			1,973			5,861
	Provision for mortgage repurchases and indemnifications	86			—			—			—			86
	Depreciation and amortization	356			35			101			1,289			1,781
	Loss on disposal of property and equipment				—			—			6			6
	Corporate allocations	7,346			1,003			78			(8,427		)	—
	Total expenses	47,742			5,601			1,893			7,295			62,531
	Income (loss) before taxes	$	18,097		$	(29,218	)	$	115		$	(7,206	)	$	(18,212	)
	1Includes intersegment eliminations and certain corporate income and expenses not allocated to the three reportable segments, such as those related to our accounting, executive administration, finance, internal audit, investor relations and legal departments.
		Three Months Ended March 31, 2014
		Originations			Servicing			Financing			Other/Eliminations1			Consolidated
	Revenues
	Gains on mortgage loans held for sale, net	$	28,631		$	—		$	—		$	—		$	28,631
	Changes in mortgage servicing rights valuation	—			(7,931		)	—			—			(7,931		)
	Payoffs and principal amortization of mortgage servicing rights	—			(2,727		)	—			—			(2,727		)
	Loan origination and other loan fees	5,035			—			62			(20		)	5,077
	Loan servicing fees	—			9,174			—			—			9,174
	Interest and other income	5,922			—			424			(269		)	6,077
	Total revenues	39,588			(1,484		)	486			(289		)	38,301
	Expenses
	Salaries, commissions and benefits	26,303			1,213			376			5,528			33,420
	General and administrative	3,521			336			119			4,233			8,209
	Interest expense	3,983			88			—			(258		)	3,813
	Occupancy, equipment and communication	2,277			385			11			1,468			4,141
	Provision for mortgage repurchases and indemnifications	395			—			—			—			395
	Depreciation and amortization	186			—			90			807			1,083
	Loss on disposal of property and equipment	—			—			—			91			91
	Corporate allocations	5,409			666			22			(6,097		)	—
	Total expenses	42,074			2,688			618			5,772			51,152
	Income (loss) before taxes	$	(2,486	)	$	(4,172	)	(132		)	$	(6,061	)	$	(12,851	)
	1Includes intersegment eliminations and certain corporate income and expenses not allocated to the three reportable segments, such as those related to our accounting, executive administration, finance, internal audit, investor relations and legal departments.

Loss_Earnings_Per_Share_Reconc

(Loss) Earnings Per Share - Reconciliation of income attributable to common shareholders and computation of EPS (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net (loss) income
Net loss attributable to common stockholders	($11,119)	($7,884)
Weighted average shares outstanding:
Denominator for basic (loss) earnings per share – weighted average common shares outstanding	25,781	25,769
Effect of dilutive shares—employee and director stock options, restricted stock units, warrants and convertible preferred stock	0	0
Denominator for diluted (loss) earnings per share	25,781	25,769
Loss per share
Basic (in usd per share)	($0.43)	($0.31)
Diluted (in usd per share)	($0.43)	($0.31)

Loss_Earnings_Per_Share_Antidi

(Loss) Earnings Per Share - Anti-dilutive securities excluded from the EPS calculation (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Stock options and warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of EPS (in shares)	1,562,631
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of EPS (in shares)		1,867,291

Business_Combinations_Consider

Business Combinations - Consideration transferred and fair value of assets acquired (Details) (USD $)	3 Months Ended		0 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Feb. 04, 2014
Business Acquisition [Line Items]
Cash consideration	$0	$258
Medallion Mortgage Company
Business Acquisition [Line Items]
Cash consideration			258
Fair value of contingent consideration			603
Total consideration			861
Property and equipment			190
Other assets			94
Accounts payable and accrued expenses			-50
Total fair value of net assets acquired			234
Goodwill and other intangible assets, net			627
Acquisition-related expenses			$49	[1]
[1]	Legal and miscellaneous expenses classified as general and administrative expenses

Business_Combinations_Details

Business Combinations (Details) (USD $)	0 Months Ended	3 Months Ended	1 Months Ended
In Thousands, unless otherwise specified	Feb. 04, 2014	Mar. 31, 2015	Apr. 30, 2015	Dec. 31, 2014
	payment
	Office
Business Acquisition [Line Items]
Contingent earn-out liabilities		$2,155		$3,005
Medallion Mortgage Company
Business Acquisition [Line Items]
Number of offices	10
Goodwill and other intangible assets, net	627
Mortgage loan origination goals period	2 years
Number of earn-out payments	2
Earn-out liability | Medallion Mortgage Company
Business Acquisition [Line Items]
Contingent earn-out liabilities	603	451
Asset volatility factor used		16.90%
Discount rate used		6.05%
Subsequent Event | Medallion Mortgage Company
Business Acquisition [Line Items]
Estimated earn-out payment			$200

Derivative_Financial_Instrumen2

Derivative Financial Instruments - Summary of outstanding derivative instruments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivatives, Fair Value [Line Items]
Fair Value - Asset	$29,478	$12,560
Fair Value - (Liability)	-11,864	-9,044
Not designated as hedging instrument
Derivatives, Fair Value [Line Items]
Notional	5,210,597	3,529,924
Fair Value - Asset	29,478	12,560
Fair Value - (Liability)	-11,864	-9,044
Not designated as hedging instrument | Interest rate contract | Interest rate lock commitments
Derivatives, Fair Value [Line Items]
Notional	2,225,975	1,211,675
Fair Value - Asset	28,585	12,300
Fair Value - (Liability)	-279	-96
Not designated as hedging instrument | Price risk derivative | MBS Forward Sales Contracts
Derivatives, Fair Value [Line Items]
Notional	2,369,461	1,860,768
Not designated as hedging instrument | Price risk derivative | MBS Forward Purchase Contracts
Derivatives, Fair Value [Line Items]
Notional	615,161	457,481
Not designated as hedging instrument | Price risk derivative | MBS forward trades
Derivatives, Fair Value [Line Items]
Notional	2,984,622	2,318,249
Fair Value - Asset	893	260
Fair Value - (Liability)	($11,585)	($8,948)

Derivative_Financial_Instrumen3

Derivative Financial Instruments - Effect of derivatives on statements of income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivative Instruments and Change in Estimated Fair Value of Mortgage Loans Held For Sale	$14,186		$5,754
Not designated as hedging instrument | Gains on mortgage loans held for sale
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative gains (losses)	14,098		-3,876
Not designated as hedging instrument | Interest rate contract | Interest rate lock commitments | Gains on mortgage loans held for sale
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative gains (losses)	16,102		9,842
Not designated as hedging instrument | Price risk derivative | MBS forward trades | Gains on mortgage loans held for sale
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative gains (losses)	-2,004		-13,718
Mortgages held-for-sale | Gains on mortgage loans held for sale
Derivative Instruments, Gain (Loss) [Line Items]
Gains from changes in estimated fair value of mortgage loans held for sale1	$88	[1]	$9,630	[1]
[1]	Mortgage loans held for sale are carried at estimated fair value pursuant to the fair value option. Gains from changes in estimated fair values are included within “gains on mortgage loans held for sale, net” on the Company’s consolidated statements of operations.

Derivative_Financial_Instrumen4

Derivative Financial Instruments (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Offsetting Liabilities [Line Items]
Net credit loss position with respect to counterparties	$11,864,000		$9,044,000
Certain counterparties
Offsetting Liabilities [Line Items]
Net credit loss position with respect to counterparties	7,646,000		4,562,000
Credit losses due to non-performance of counterparties	0	0
Restricted cash | Certain counterparties
Offsetting Liabilities [Line Items]
Cash and cash equivalents held by counterparties as collateral	$3,046,000		$4,482,000

Mortgage_Loans_Held_for_Sale_D

Mortgage Loans Held for Sale (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Mortgage Loans on Real Estate [Line Items]
Total mortgage loans held for sale, at fair value	$957,922		$1,048,347
Fair value of mortgages pledged as collateral	898,469		981,015
Mortgage loans held for sale funded with excess cash	59,453		67,332
Minimum
Mortgage Loans on Real Estate [Line Items]
Percentage of outstanding borrowings that must be covered by mortgages pledged as collateral	100.00%
Conventional
Mortgage Loans on Real Estate [Line Items]
Total mortgage loans held for sale, at fair value	376,851	[1]	507,297	[1]
Government insured
Mortgage Loans on Real Estate [Line Items]
Total mortgage loans held for sale, at fair value	494,260	[2]	444,955	[2]
Non-agency/Other
Mortgage Loans on Real Estate [Line Items]
Total mortgage loans held for sale, at fair value	$86,811		$96,095
[1]	Conventional includes FNMA and FHLMC mortgage loans.
[2]	Government insured includes GNMA mortgage loans (including Federal Housing Administration, Department of Veterans Affairs and United States Department of Agricultural mortgage loans).

Mortgage_Servicing_Rights_Summ

Mortgage Servicing Rights - Summary of mortgage servicing portfolio (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014		Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Schedule of Servicing Assets at Fair Value and Amortized Cost [Line Items]
Total mortgage servicing portfolio	$16,964,734		$18,336,745
MSRs balance	170,580		204,216
MSRs balance as a percentage of total mortgage servicing portfolio	1.01%		1.11%
FNMA
Schedule of Servicing Assets at Fair Value and Amortized Cost [Line Items]
Total mortgage servicing portfolio	4,393,379		5,797,883
FHA
Schedule of Servicing Assets at Fair Value and Amortized Cost [Line Items]
Total mortgage servicing portfolio	5,527,398	[1]	5,365,627	[1]
VA
Schedule of Servicing Assets at Fair Value and Amortized Cost [Line Items]
Total mortgage servicing portfolio	2,995,258	[1]	2,652,678	[1]
USDA
Schedule of Servicing Assets at Fair Value and Amortized Cost [Line Items]
Total mortgage servicing portfolio	1,074,261	[1]	974,501	[1]
FHLMC
Schedule of Servicing Assets at Fair Value and Amortized Cost [Line Items]
Total mortgage servicing portfolio	2,923,511		3,500,321
Other Investors
Schedule of Servicing Assets at Fair Value and Amortized Cost [Line Items]
Total mortgage servicing portfolio	50,927		45,735
Residential mortgage
Schedule of Servicing Assets at Fair Value and Amortized Cost [Line Items]
MSRs balance	$170,580		$204,216		$192,470	$170,294
[1]	GNMA portfolio balance is made up of Federal Housing Administration ("FHA"), Veterans Affairs ("VA"), and United States Department of Agriculture ("USDA") home loans.

Mortgage_Servicing_Rights_Summ1

Mortgage Servicing Rights - Summary of the changes in the balance of MSRs (Details) (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance at beginning of period	$204,216,000
Changes in valuation inputs and assumptions1	24,389,000		7,931,000
Balance at end of period	170,580,000
Residential mortgage
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance at beginning of period	204,216,000		170,294,000
MSRs originated in connection with loan sales	34,583,000		31,212,000
MSRs sold and derecognized	-30,150,000		0
Purchased MSRs	86,000		1,622,000
Changes in valuation inputs and assumptions1	-24,389,000	[1]	-7,931,000	[1]
Actual portfolio runoff (payoffs and principal amortization)	-13,766,000		-2,727,000
Balance at end of period	170,580,000		192,470,000
FNMA
Servicing Asset at Fair Value, Amount [Roll Forward]
Letter of intent	2,700,000,000
Minor protection provisions liability	1,122,000
Fair Value of Mortgage Servicing Rights
Servicing Asset at Fair Value, Amount [Roll Forward]
Fair value of MSR pledged as collateral	$170,214,000				$0
[1]	Refer to Note 9, "Transfers and Servicing of Financial Assets" for a range of prepayment speeds for the three months ended March 31, 2015 and 2014.

Mortgage_Servicing_Rights_Comp

Mortgage Servicing Rights - Components of loan servicing fees (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Transfers and Servicing [Abstract]
Contractual servicing fees	$13,529	$8,765
Late fees	810	409
Loan servicing fees	$14,339	$9,174
Servicing fees as a percentage of average portfolio (annualized)	0.31%	0.28%

Fair_Value_Measurements_Major_

Fair Value Measurements - Major Categories of Assets and Liabilities Measured at Fair Value (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$29,478	$12,560
MSRs	170,580	204,216
Derivative liabilities	11,864	9,044
Contingent earn-out liabilities	2,155	3,005
Measured on a recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	957,922	1,048,347
Derivative assets		260
MSRs	170,580	204,216
Total assets	1,157,980	1,265,123
Contingent earn-out liabilities	2,155	3,005
Total liabilities	14,019	12,049
Measured on a recurring basis | Interest rate contract | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	28,585	12,300
Derivative liabilities	279	96
Measured on a recurring basis | Price risk derivative | MBS forward trades
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	893
Derivative liabilities	11,585	8,948
Measured on a recurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	0	0
Derivative assets		0
MSRs	0	0
Total assets	0	0
Contingent earn-out liabilities	0	722
Total liabilities	0	722
Measured on a recurring basis | Level 1 | Interest rate contract | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Measured on a recurring basis | Level 1 | Price risk derivative | MBS forward trades
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0
Derivative liabilities	0	0
Measured on a recurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	957,922	1,048,347
Derivative assets		260
MSRs	0	0
Total assets	987,400	1,060,907
Contingent earn-out liabilities	0	0
Total liabilities	11,864	9,044
Measured on a recurring basis | Level 2 | Interest rate contract | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	28,585	12,300
Derivative liabilities	279	96
Measured on a recurring basis | Level 2 | Price risk derivative | MBS forward trades
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	893
Derivative liabilities	11,585	8,948
Measured on a recurring basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	0	0
Derivative assets		0
MSRs	170,580	204,216
Total assets	170,580	204,216
Contingent earn-out liabilities	2,155	2,283
Total liabilities	2,155	2,283
Measured on a recurring basis | Level 3 | Interest rate contract | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Measured on a recurring basis | Level 3 | Price risk derivative | MBS forward trades
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0
Derivative liabilities	$0	$0

Fair_Value_Measurements_Loans_

Fair Value Measurements - Loans Held for Sale Accounted under the Fair Value Option (Details) (Mortgages held-for-sale, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Mortgages held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Current through 89 days delinquent - Fair Value	$952,828	$1,044,005
Current through 89 days delinquent - UPB	934,999	1,025,374
90 or more days delinquent - Fair Value	5,094	4,342
90 or more days delinquent - UPB	6,094	5,342
Total - Fair Value	957,922	1,048,347
Total - UPB	$941,093	$1,030,716

Fair_Value_Measurements_Reconc

Fair Value Measurements - Reconciliation Assets Level 3 (Details) (MSRs, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
MSRs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$204,216	$170,294
Changes in valuation	-24,389	-7,931
Payoffs and principal amortization	13,766	2,727
Purchases	86	1,622
Sales	-30,150	0
MSRs originated in connection with loan sales	34,583	31,212
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Balance at end of period	$170,580	$192,470

Fair_Value_Measurements_Reconc1

Fair Value Measurements - Reconciliation Liabilities Level 3 (Details) (Contingent earn-out liability, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Contingent earn-out liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$3,005		$3,791
Changes in fair value recognized in earnings	24	[1]	42	[1]
Purchases	0	[2]	603	[2]
Sales	0		0
Issuances	0		0
Settlements	-874		-25
Transfers into Level 3	0		0
Transfers out of Level 3			0
Balance at end of period	$2,155		$4,411
[1]	Recognized in the consolidated statements of operations within “General and administrative expense”
[2]	Represents the Company’s acquisition of Medallion during February 2014.

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value of contingent earn-out liabilities	$24	$42
Earn-out liability | NattyMac, LLC
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value of contingent earn-out liabilities	$24

Transfers_and_Servicing_of_Fin2

Transfers and Servicing of Financial Assets - Cash Flows Relating to Loan Sales with Continuing Involvement (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Transfers and Servicing [Abstract]
Proceeds from new loan sales	$8,021	[1]	($654)	[1]
Proceeds from loan servicing fees	13,676		9,174
Cash outflows from servicing advances	862		887
Cash outflows from repurchases and indemnifications of previously sold loans	$10,748		$1,469
[1]	Represents the proceeds from mortgage loans or pools of mortgage loans sold, net of the related repayments of borrowings under the Company's mortgage funding arrangements used to fund the related mortgage loans prior to sale as well as the cost to retain the servicing rights.

Transfers_and_Servicing_of_Fin3

Transfers and Servicing of Financial Assets - Outstanding Loans Sold with Continuing Involvement (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Servicing Assets at Fair Value [Line Items]
Total unpaid principal balance	$16,964,734		$18,336,745
Loans 30-89 days delinquent	306,694		379,881
Loans delinquent 90 or more days or in foreclosure	138,339	[1]	127,751	[1]
GNMA
Servicing Assets at Fair Value [Line Items]
Loans delinquent 90 or more days or in foreclosure	$116,051		$109,397
[1]	Includes GNMA mortgage loans eligible for repurchase and recorded on the consolidated balance sheet, which are government-insured, of $116,051 and $109,397, respectively, as of March 31, 2015 and December 31, 2014.

Transfers_and_Servicing_of_Fin4

Transfers and Servicing of Financial Assets - Key Valuation Assumptions for MSRs on the Balance Sheet Dates (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Cost of servicing (in usd per loan)	86	83
Minimum
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Discount rates	9.25%	9.25%
Maximum
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Discount rates	11.00%	11.00%
FNMA
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Annual prepayment speeds (by investor type)	17.20%	13.90%
FHA
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Annual prepayment speeds (by investor type)	12.50%	11.20%
VA
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Annual prepayment speeds (by investor type)	10.90%	10.10%
USDA
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Annual prepayment speeds (by investor type)	13.20%	11.80%
FHLMC
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Annual prepayment speeds (by investor type)	15.80%	13.10%
Other Investors
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Annual prepayment speeds (by investor type)	15.70%	12.40%

Transfers_and_Servicing_of_Fin5

Transfers and Servicing of Financial Assets - Assumptions for Defaults Rates (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
FNMA
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Assumption for default rates	3.88%	3.93%
FHA
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Assumption for default rates	6.44%	6.42%
VA
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Assumption for default rates	6.35%	6.31%
USDA
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Assumption for default rates	6.33%	6.29%
FHLMC
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Assumption for default rates	3.79%	3.80%
Other Investors
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Assumption for default rates	6.13%	6.14%

Transfers_and_Servicing_of_Fin6

Transfers and Servicing of Financial Assets - Hypothetical Effect of an Adverse Change in Key Assumptions (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Transfers and Servicing [Abstract]
Impact of discount rate plus 1%	($7,014)	($8,345)
Impact of discount rate 1%, Percentage of Average Portfolio	4.00%	4.00%
Impact of discount rate plus 2%	-13,495	-16,063
Impact of discount rate 2%, Percentage of Average Portfolio	8.00%	8.00%
Impact of discount rate plus 3%	-19,499	-23,222
Impact of discount rate 3%, Percentage of Average Portfolio	11.00%	11.00%
Impact of prepayment speed times 105%	-5,588	-5,445
Impact of prepayment speed 105%, Percentage of Average Portfolio	3.00%	3.00%
Impact of prepayment speed times 110%	-10,962	-10,668
Impact of prepayment speed 110%, Percentage of Average Portfolio	6.00%	5.00%
Impact of prepayment speed times 120%	-21,218	-20,508
Impact of prepayment speed 120%, Percentage of Average Portfolio	12.00%	10.00%
Impact of cost of servicing times 105%	-1,332	-1,529
Impact of cost of servicing 105%, Percentage of Average Portfolio	1.00%	1.00%
Impact of cost of servicing times 110%	-2,665	-3,058
Impact of cost of servicing 110%, Percentage of Average Portfolio	2.00%	1.00%
Impact of cost of servicing times 120%	($5,330)	($6,116)
Impact of cost of servicing 120%, Percentage of Average Portfolio	3.00%	3.00%

Debt_Shortterm_Debt_Details

Debt - Short-term Debt (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Short-term Debt [Line Items]
Amount Outstanding	$1,136,825	$1,144,187
Secured borrowings - mortgage loans
Short-term Debt [Line Items]
Amount Outstanding	542,953	592,798
Weighted Average Interest Rate	3.99%	3.97%
Mortgage repurchase borrowings
Short-term Debt [Line Items]
Amount Outstanding	516,881	472,045
Weighted Average Interest Rate	2.23%	2.23%
Warehouse lines of credit
Short-term Debt [Line Items]
Amount Outstanding	933	1,374
Weighted Average Interest Rate	4.25%	4.25%
Secured borrowings - mortgage servicing rights
Short-term Debt [Line Items]
Amount Outstanding	71,058	75,970
Weighted Average Interest Rate	5.06%	5.49%
Operating lines of credit
Short-term Debt [Line Items]
Amount Outstanding	$5,000	$2,000
Weighted Average Interest Rate	4.00%	4.00%

Debt_Mortgage_Funding_Arrangem

Debt - Mortgage Funding Arrangements (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Line of Credit Facility [Line Items]
Number of mortgage funding arrangement	2
Amount Outstanding	1,131,825,000	[1]	1,142,187,000
Line of Credit Facility, Maximum Borrowing Capacity, Excluding Operating Lines of Credit	1,837,000,000	[1]	1,632,000,000
Secured borrowings - mortgage loans
Line of Credit Facility [Line Items]
Number of lenders	4
Line of credit maximum borrowing capacity	1,842,000,000
Secured borrowings - mortgage loans | Merchants Bank of Indiana
Line of Credit Facility [Line Items]
Amount Outstanding	542,953,000	[1]	592,798,000
Line of Credit Facility, Maximum Borrowing Capacity, Excluding Operating Lines of Credit	600,000,000	[1]	600,000,000
Secured borrowings - mortgage loans | Barclays Bank PLC
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	400,000,000		400,000,000
Maximum borrowing capacity with a sub-limit	100,000,000		100,000,000
Mortgage repurchase borrowings
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	1,200,000,000	[1]	1,000,000,000
Amount Outstanding	516,881,000	[1]	472,045,000
Mortgage repurchase borrowings | Barclays Bank PLC
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	400,000,000	[1]	400,000,000
Amount Outstanding	165,733,000	[1]	224,444,000
Mortgage repurchase borrowings | Bank of America, N.A.
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	600,000,000	[1],[2],[3]	600,000,000
Amount Outstanding	313,803,000	[1],[2],[3]	247,601,000
Mortgage repurchase borrowings | Wells Fargo [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	200,000,000	[1]
Amount Outstanding	37,345,000	[1]
Secured borrowings - mortgage servicing rights
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	35,000,000	[1]	30,000,000
Amount Outstanding	71,058,000	[1]	75,970,000
Secured borrowings - mortgage servicing rights | Barclays Bank PLC
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	0	[1],[4]	0
Amount Outstanding	36,058,000	[1],[4]	45,970,000
Secured borrowings - mortgage servicing rights | Merchants Bancorp
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	35,000,000	[1]	30,000,000
Amount Outstanding	35,000,000	[1]	30,000,000
Line of Credit
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	5,000,000		2,000,000
Prime Rate | Warehouse lines of credit | Merchants Bank of Indiana
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%		1.00%
Participation Agreement, Mature July 2015 | Secured borrowings - mortgage loans | Merchants Bank of Indiana
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity Constrainment During Period			500,000,000
Amount Outstanding	234,323,000	[1],[5]	273,341,000
Line of Credit Facility, Maximum Borrowing Capacity, Excluding Operating Lines of Credit	600,000,000	[1],[5]	600,000,000
Warehouse Line of Credit, Mature July 2014 | Warehouse lines of credit
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	2,000,000	[1]	2,000,000
Amount Outstanding	933,000	[1]	1,374,000
Warehouse Line of Credit, Mature July 2014 | Warehouse lines of credit | Merchants Bank of Indiana
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	2,000,000	[1]	2,000,000
Amount Outstanding	933,000	[1]	1,374,000
NattyMac Funding | Secured borrowings - mortgage loans | Merchants Bank of Indiana
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	0	[1],[2]	0
Amount Outstanding	308,630,000	[1],[2]	319,457,000
Debt Instrument, Renewal Term			90 days
Mortgage repurchase borrowings | Mortgage Repurchase | Bank of America, N.A.
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity			35,000,000	[2]
Maximum borrowing capacity	400,000,000	[2]	400,000,000	[2]
Mortgage repurchase borrowings | Mortgage Gestation Repurchase | Bank of America, N.A.
Line of Credit Facility [Line Items]
Maximum borrowing capacity	200,000,000	[2]	200,000,000	[2]
[1]	Does not include our operating lines of credit for which we have a maximum borrowing capacity of $5,000.
[2]	The maximum borrowing capacity is a sublimit of the Merchants Participation Agreement maximum borrowing capacity of $600,000 referred to in Note 2 above.
[3]	Agreement was extended on April 24, 2015 to a maturity date of June 2015.
[4]	Governed by the Barclays Bank PLC maximum borrowing capacity of $400,000, with a sub-limit of $100,000.
[5]	Merchants Bank of Indiana will periodically constrain the aggregate maximum borrowing capacity. At March 31, 2015, the aggregatemaximum borrowing capacity was $600,000.

Debt_Narrative_Details

Debt - Narrative (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Jan. 29, 2015
Line of Credit Facility [Line Items]
Number of mortgage funding arrangement	2
Secured borrowings - mortgage loans
Line of Credit Facility [Line Items]
Number of lenders	4
Line of Credit Facility, Maximum Borrowing Capacity	1,842,000,000
Mortgage repurchase borrowings | Mortgage Repurchase Agreement Maturing January 30 2016 [Member] | Wells Fargo [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$200,000,000
Merchants Bancorp
Line of Credit Facility [Line Items]
Loans Receivable, Interest Income, Percentage of Earnings	49.00%

Reserve_for_Mortgage_Repurchas2

Reserve for Mortgage Repurchases and Indemnifications (Details) (Reserve for mortgage repurchases and indemnifications, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Reserve for mortgage repurchases and indemnifications
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	$4,967		$3,709
Provision for mortgage repurchases and indemnifications - new loan sales1	764	[1]	478	[1]
Provision for mortgage repurchases and indemnifications - change in estimate	86	[2]	395	[2]
Losses on repurchases and indemnifications	-940		-351
Balance at end of period	$4,877		$4,231
[1]	Recognized as a reduction to "Gain on mortgage loans held for sale, net" in the consolidated statements of operations.
[2]	Accounts for change in estimate made subsequent to the initial reserve for new loan sales being made.

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating Loss Carryforwards [Line Items]
Income tax benefit	($7,093,000)	($4,967,000)
Effective tax rates	38.90%	38.70%
Deferred tax asset valuation allowance	0	0
Federal
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	148,580,000
State
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$125,957,000

Income_Taxes_Effective_Tax_Rat

Income Taxes Effective Tax Rate Reconciliation (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Statutory federal income tax expense (benefit), amount	($6,374)	($4,497)
State income tax expense (benefit), net of federal tax expense (benefit), amount	-780	-431
Non-deductible expenses, amount	61	-42
Provision to return adjustments, amount	0	0
Adjustment to state net deferred tax liabilities, amount	0	0
YTD impact of change in effective tax rate, amount	0	0
Other, amount	0	3
Total income tax expense (benefit), amount	($7,093)	($4,967)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Statutory federal income tax expense, percent	35.00%	35.00%
State income tax expense, net of federal tax benefit, percent	4.30%	3.40%
Non-deductible expenses, percent	-0.40%	0.30%
Provision to return adjustments, percent	0.00%	0.00%
Adjustment to state net deferred tax liabilities, percent	0.00%	0.00%
YTD impact of change in effective tax rate, percent	0.00%	0.00%
Other, percent	0.00%	0.00%
Total income tax expense, percent	38.90%	38.70%

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Loss Contingencies [Line Items]
Total commitments to originate loans	$2,225,975	$1,211,675
Total principal amount of certain refinancing loans purchased	16,964,734	18,336,745
Failure of correspondent to obtain a release from prior mortgage loan
Loss Contingencies [Line Items]
Total principal amount of certain refinancing loans purchased			5,163
Pending Litigation | Regulatory Contingencies
Loss Contingencies [Line Items]
Loss Contingency, Range of Possible Loss, Maximum		$417

StockBased_Compensation_Stock_

Stock-Based Compensation - Stock Options (Details) (Stock options, USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015
Stock options
Number of Shares
Number of Shares, Outstanding - beginning balance	1,405,206
Number of Shares, Granted	0
Number of Shares, Exercised	0
Number of Shares, Forfeited or expired	-13,458
Number of Shares, Outstanding - ending balance	1,391,748
Weighted Average Exercise Price Per Share
Weighted Average Exercise Price Per Share, Outstanding - beginning balance (in usd per share)	$16.90
Weighted Average Exercise Price Per Share, Forfeited or Expired (in usd per share)	$18
Weighted Average Exercise Price Per Share, Outstanding - ending balance (in usd per share)	$16.89
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Remaining Contractual Life, Outstanding - ending balance	8 years 1 month 6 days
Aggregate Intrinsic Value, Outstanding - ending balance	$811
Number of Shares, Exercisable	421,230
Weighted Average Exercise Price Per Share, Exercisable (in usd per share)	$14.90
Weighted Average Remaining Contractual Life, Exercisable	7 years 10 months 24 days
Aggregate Intrinsic Value, Exercisable	$743

StockBased_Compensation_Restri

Stock-Based Compensation - Restricted Stock (Details) (Restricted Stock Units (RSUs), USD $)	3 Months Ended
	Mar. 31, 2015
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested beginning balance, RSU	33,922
Granted, RSU	0
Vested, RSU	0
Forfeited, RSU	0
Nonvested ending balance, RSU	33,922
Nonvested beginning balance, Weighted average grant date (in USD per share)	$16
Nonvested ending balance, Weighted average grant date (in USD per share) Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$16

Segment_Information_Segments_D

Segment Information Segments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014	Dec. 31, 2014
	segment		segment
Segment Reporting, Asset Reconciling Item [Line Items]
Number of Reportable Segments	3		3
Assets	$1,585,439			$1,596,551
Operating Segments | Originations
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,130,528			1,199,727
Operating Segments | Servicing
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	190,778			223,058
Operating Segments | Financing
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	197,822			118,593
Intersegment Eliminations
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$66,311	[1]		$55,173	[1]
[1]	Includes intersegment eliminations and assets not allocated to the three reportable segments.

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Revenues
Gains on mortgage loans held for sale, net	$52,841		$28,631
Gain on sale of mortgage servicing rights	199		0
Changes in mortgage servicing rights valuation	-24,389		-7,931
Payoffs and principal amortization of mortgage servicing rights	-13,766		-2,727
Loan origination and other loan fees	6,344		5,077
Loan servicing fees	14,339		9,174
Interest income	8,751		6,077
Total revenues	44,319		38,301
Expenses
Salaries, commissions and benefits	37,948		33,420
General and administrative expense	8,440		8,209
Interest Expense	8,409		3,813
Occupancy, equipment and communication	5,861		4,141
Provision for mortgage repurchases and indemnifications - change in estimate	86		395
Depreciation and amortization	1,781		1,083
Loss on disposal and impairment of long lived assets	6		91
Corporate allocations	0		0
Total expenses	62,531		51,152
Loss before income tax benefit	-18,212		-12,851
Operating Segments | Originations
Revenues
Gains on mortgage loans held for sale, net	52,841		28,631
Gain on sale of mortgage servicing rights	0
Changes in mortgage servicing rights valuation	0		0
Payoffs and principal amortization of mortgage servicing rights	0		0
Loan origination and other loan fees	6,070		5,035
Loan servicing fees	0		0
Interest income	6,928		5,922
Total revenues	65,839		39,588
Expenses
Salaries, commissions and benefits	28,101		26,303
General and administrative expense	3,758		3,521
Interest Expense	4,747		3,983
Occupancy, equipment and communication	3,348		2,277
Provision for mortgage repurchases and indemnifications - change in estimate	86		395
Depreciation and amortization	356		186
Loss on disposal and impairment of long lived assets			0
Corporate allocations	7,346		5,409
Total expenses	47,742		42,074
Loss before income tax benefit	18,097		-2,486
Operating Segments | Servicing
Revenues
Gains on mortgage loans held for sale, net	0		0
Gain on sale of mortgage servicing rights	199
Changes in mortgage servicing rights valuation	-24,389		-7,931
Payoffs and principal amortization of mortgage servicing rights	-13,766		-2,727
Loan origination and other loan fees	0		0
Loan servicing fees	14,339		9,174
Interest income	0		0
Total revenues	-23,617		-1,484
Expenses
Salaries, commissions and benefits	2,116		1,213
General and administrative expense	441		336
Interest Expense	1,524		88
Occupancy, equipment and communication	482		385
Provision for mortgage repurchases and indemnifications - change in estimate	0		0
Depreciation and amortization	35		0
Loss on disposal and impairment of long lived assets	0		0
Corporate allocations	1,003		666
Total expenses	5,601		2,688
Loss before income tax benefit	-29,218		-4,172
Operating Segments | Financing
Revenues
Gains on mortgage loans held for sale, net	0		0
Gain on sale of mortgage servicing rights	0
Changes in mortgage servicing rights valuation	0		0
Payoffs and principal amortization of mortgage servicing rights	0		0
Loan origination and other loan fees	274		62
Loan servicing fees	0		0
Interest income	1,734		424
Total revenues	2,008		486
Expenses
Salaries, commissions and benefits	519		376
General and administrative expense	135		119
Interest Expense	1,002		0
Occupancy, equipment and communication	58		11
Provision for mortgage repurchases and indemnifications - change in estimate	0		0
Depreciation and amortization	101		90
Loss on disposal and impairment of long lived assets	0		0
Corporate allocations	78		22
Total expenses	1,893		618
Loss before income tax benefit	115		-132
Intersegment Eliminations
Revenues
Gains on mortgage loans held for sale, net	0	[1]	0	[1]
Gain on sale of mortgage servicing rights	0	[1]
Changes in mortgage servicing rights valuation	0	[1]	0	[1]
Payoffs and principal amortization of mortgage servicing rights	0	[1]	0	[1]
Loan origination and other loan fees	0	[1]	-20	[1]
Loan servicing fees	0	[1]	0	[1]
Interest income	89	[1]	-269	[1]
Total revenues	89	[1]	-289	[1]
Expenses
Salaries, commissions and benefits	7,212	[1]	5,528	[1]
General and administrative expense	4,106	[1]	4,233	[1]
Interest Expense	1,136	[1]	-258	[1]
Occupancy, equipment and communication	1,973	[1]	1,468	[1]
Provision for mortgage repurchases and indemnifications - change in estimate	0	[1]	0	[1]
Depreciation and amortization	1,289	[1]	807	[1]
Loss on disposal and impairment of long lived assets	6	[1]	91	[1]
Corporate allocations	-8,427	[1]	-6,097	[1]
Total expenses	7,295	[1]	5,772	[1]
Loss before income tax benefit	($7,206)	[1]	($6,061)	[1]
[1]	Includes intersegment eliminations and certain corporate income and expenses not allocated to the three reportable segments, such as those related to our accounting, executive administration, finance, internal audit, investor relations and legal departments.

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Apr. 30, 2015	Apr. 23, 2015
In Thousands, unless otherwise specified
Subsequent Event [Line Items]
MSR sales	$16,964,734	$18,336,745
Subsequent Event | FNMA
Subsequent Event [Line Items]
MSR sales			2,000,000
Warehouse Lending Receivable [Member] | NattyMac, LLC | Subsequent Event
Subsequent Event [Line Items]
Maximum participation agreement interests sold				100,000
Warehouse lender basis				$7,500