Exhibit 12.1
Nationstar Mortgage
RATIO OF EARNINGS TO FIXED CHARGES
We had no outstanding shares of preferred stock for the periods shown below. Accordingly, the ratio of combined fixed charges and preference dividends to earnings is identical to the ratio of earnings to fixed charges for the periods shown below.
$ in thousands
| Year Ended December 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2012 | 2013 | ||||||||||||||||||||||
Calculation of income/(loss) from continuing before income taxes and fixed charges | ||||||||||||||||||||||||||||
Net income/(loss) from continuing operations | (157,610 | ) | (80,877 | ) | (9,914 | ) | 20,887 | 205,287 | 50,186 | 62,616 | ||||||||||||||||||
Income tax expense | — | — | — | — | 71,296 | 3,145 | 38,377 | |||||||||||||||||||||
Loss from equity method investments | — | — | — | 107 | 14,571 | 117 | — | |||||||||||||||||||||
Fixed Charges | 70,255 | 73,431 | 119,288 | 109,039 | 202,470 | 25,848 | 94,120 | |||||||||||||||||||||
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Earnings as adjusted | (87,355 | ) | (7,446 | ) | 109,374 | 130,033 | 493,624 | 79,296 | 195,113 | |||||||||||||||||||
Calculation of fixed charges | ||||||||||||||||||||||||||||
Interest expense | 65,548 | 69,883 | 116,163 | 105,375 | 197,308 | 24,980 | 92,374 | |||||||||||||||||||||
Interest on lease obligations | 4,707 | 3,548 | 3,125 | 3,664 | 5,162 | 868 | 1,746 | |||||||||||||||||||||
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Total fixed charges | 70,255 | 73,431 | 119,288 | 109,039 | 202,470 | 25,848 | 94,120 | |||||||||||||||||||||
Calculation of Earnings to Fixed Charges | (1.24 | ) | (0.10 | ) | 0.92 | 1.19 | 2.44 | 3.07 | 2.07 | |||||||||||||||||||
Coverage deficiencies | 157,610 | 80,877 | 9,914 | — | — | — | — | |||||||||||||||||||||
