Exhibit 12.1
Nationstar Mortgage
RATIO OF EARNINGS TO FIXED CHARGES
$ 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 | — | — | — | — |