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NOTE 7 ADVANCES

3 Months Ended

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.

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No definition available.

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