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NOTE 7 ADVANCES | 6 Months Ended
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Jun. 30, 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:
|  | June 30, 2013 |  |  | December 31, 2012 |
Servicing: |  |  |  |  |  |  |  |
Principal and interest |  | $ | 109,012 |  |  | $ | 83,617 |
Taxes and insurance |  |  | 215,981 |  |  |  | 51,447 |
Foreclosures, bankruptcy and other |  |  | 108,115 |  |  |  | 41,296 |
|  |  | 433,108 |  |  |  | 176,360 |
Lending |  |  | 353 |  |  |  | — |
Corporate Items and Other |  |  | 12,010 |  |  |  | 8,103 |
|  | $ | 445,471 |  |  | $ | 184,463 |

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- Definition The disclosure of non-interest-bearing advances made on loans serviced for others. Includes 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. Also includes receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors. + References No definition available. + Details
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