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NOTE 8 MATCH FUNDED ADVANCES

3 Months Ended

Mar. 31, 2013

Match Funded Advances [Abstract]

MATCH FUNDED ADVANCES

NOTE 8 MATCH FUNDED ADVANCES

Match funded advances on residential mortgage loans that we service for others are comprised of the following at the dates indicated:

		March 31, 2013				December 31, 2012
Principal and interest		$	1,716,624			$	1,577,808
Taxes and insurance			1,215,431				1,148,486
Foreclosures, bankruptcy, real estate and other			504,028				322,950
		$	3,436,083			$	3,049,244

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- Definition

The disclosure for the carrying amount of advances transferred to special purpose entities in transactions accounted for as secured borrowings in the transferor's statement of financial position. Advances include receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Advances also include receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors.

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