Exhibit 12.1
Nationstar Mortgage
RATIO OF EARNINGS TO FIXED CHARGES
$ in thousands
RATIO OF EARNINGS TO FIXED CHARGES
$ in thousands
July 11, 2006 | ||||||||||||||||||||
to | Year Ended December 31, | |||||||||||||||||||
December 31, 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||
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 | ) | ||||||||||
Fixed Charges | 60,309 | 129,894 | 70,255 | 73,431 | 119,288 | |||||||||||||||
Earnings as adjusted | 51 | (154,584 | ) | (87,355 | ) | (7,446 | ) | 109,374 | ||||||||||||
Calculation of fixed charges | ||||||||||||||||||||
Interest expense | 55,172 | 118,553 | 65,548 | 69,883 | 116,163 | |||||||||||||||
Interest on lease obligations | 5,137 | 11,341 | 4,707 | 3,548 | 3,125 | |||||||||||||||
Total fixed charges | 60,309 | 129,894 | 70,255 | 73,431 | 119,288 | |||||||||||||||
Calculation of Earnings to Fixed Charges | 0.00 | (1.19 | ) | (1.24 | ) | (0.10 | ) | 0.92 | ||||||||||||
Coverage deficiencies | 60,258 | 284,478 | 157,610 | 80,877 | 9,914 |