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NOTE 7 ADVANCES | 3 Months Ended
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Mar. 31, 2013
Advances [Abstract] |
ADVANCES |
Note 7 | Advances
Advances, representing payments made on behalf of borrowers or on foreclosed properties, consisted of the following at the dates indicated:
|  | March 31, 2013 |  |  | December 31, 2012 |
Servicing: |  |  |  |  |  |  |  |
Principal and interest |  | $ | 162,341 |  |  | $ | 83,617 |
Taxes and insurance |  |  | 342,216 |  |  |  | 51,447 |
Foreclosures, bankruptcy and other |  |  | 17,475 |  |  |  | 41,296 |
|  |  | 522,032 |  |  |  | 176,360 |
Corporate Items and Other |  |  | 8,140 |  |  |  | 8,103 |
|  | $ | 530,172 |  |  | $ | 184,463 |

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- Definition Disclosure of accumulated prepayments received by financial institutions from borrowers for taxes (for example, property taxes) and insurance (for example, property and catastrophe) which will periodically be remitted to the appropriate governmental agency(ies) or vendor(s) on behalf of the borrower. + References No definition available. + Details
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