Exhibit 12.1
Nationstar Mortgage
RATIO OF EARNINGS TO FIXED CHARGES
$ in thousands
RATIO OF EARNINGS TO FIXED CHARGES
$ in thousands
July 11, 2006 | Three Months Ended | |||||||||||||||||||||||||||||
to | Year Ended December 31, | March 31, | ||||||||||||||||||||||||||||
December 31, 2006 | 2007 | 2008 | 2009 | 2010 | 2010 | 2011 | ||||||||||||||||||||||||
Calculation of income/(loss) from continuing before income taxes and fixed charges | ||||||||||||||||||||||||||||||
Net income/(loss) from continuing operations | (60,258 | ) | (284,478 | ) | (157,610 | ) | (80,877 | ) | (9,914 | ) | 732 | 7,369 | ||||||||||||||||||
Fixed Charges | 60,309 | 129,894 | 70,255 | 73,431 | 119,288 | 29,847 | 26,101 | |||||||||||||||||||||||
Earnings as adjusted | 51 | (154,584 | ) | (87,355 | ) | (7,446 | ) | 109,374 | 30,579 | 39,379 | ||||||||||||||||||||
Calculation of fixed charges | ||||||||||||||||||||||||||||||
Interest expense | 55,172 | 118,553 | 65,548 | 69,883 | 116,163 | 25,368 | 25,368 | |||||||||||||||||||||||
Interest on lease obligations | 5,137 | 11,341 | 4,707 | 3,548 | 3,125 | 712 | 733 | |||||||||||||||||||||||
Total fixed charges | 60,309 | 129,894 | 70,255 | 73,431 | 119,288 | 29,847 | 26,101 | |||||||||||||||||||||||
Calculation of Earnings to Fixed Charges | 0.00 | (1.19 | ) | (1.24 | ) | (0.10 | ) | 0.92 | 1.02 | 1.28 | ||||||||||||||||||||
Coverage deficiencies | 60,258 | 284,478 | 157,610 | 80,877 | 9,914 | — | — |