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Match Funded Advance | 12 Months Ended
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Dec. 31, 2013
Transfers and Servicing [Abstract] |
Match Funded Advance | Note 8 — Match Funded Advance s Match funded advances on residential loans we service for others are comprised of the following at December 31:
| 2013 |  | 2012
Principal and interest | $ | 1,497,649 |  |  | $ | 1,577,808 |
Taxes and insurance | 830,113 |  |  | 1,148,486 |
Foreclosures, bankruptcy, real estate and other | 224,621 |  |  | 322,950 |
| $ | 2,552,383 |  |  | $ | 3,049,244 |
The following table summarizes the activity in match funded advances for the years ended December 31:
| 2013 |  | 2012
Beginning balance | $ | 3,049,244 |  |  | $ | 3,629,911 |
Acquisitions (1) | 3,589,773 |  |  | 4,068,959 |
Transfers from advances (2) | 142,286 |  |  | 74,317 |
Sales of advances to HLSS | (3,639,205 | ) |  | (3,240,601 | )
Collections of pledged advances, net of new advances | (589,715 | ) |  | (1,483,342 | )
Ending balance | $ | 2,552,383 |  |  | $ | 3,049,244 |
(1) | Represents advances acquired in connection with business and asset acquisitions that were pledged to advance facilities at the date of acquisition.
(2) | Represents new advances initially classified as Advances at the date of payment and subsequently pledged to advance facilities.

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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. + References No definition available. + Details
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