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Advances | 12 Months Ended
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Dec. 31, 2013
Advances [Abstract] |
Advances | Note 7 — Advances Advances, net, representing payments made on behalf of borrowers or on foreclosed properties, consisted of the following at December 31:
| 2013 |  | 2012
Servicing: |  |  |  |  |
Principal and interest | $ | 141,307 |  |  | $ | 83,617 |
Taxes and insurance | 477,039 |  |  | 51,447 |
Foreclosures, bankruptcy and other | 269,409 |  |  | 41,296 |
| 887,755 |  |  | 176,360 |
Corporate Items and Other | 4,433 |  |  | 8,103 |
| $ | 892,188 |  |  | $ | 184,463 |
The following table summarizes the activity in advances for the years ended December 31:
| 2013 |  | 2012
Beginning balance | $ | 184,463 |  |  | $ | 103,591 |
Acquisitions (1) | 734,794 |  |  | 118,360 |
Transfers to match funded advances | (142,286 | ) |  | (74,317 | )
Sales of advances to HLSS | (200,749 | ) |  | — |
New advances, net of collections | 315,966 |  |  | 36,829 |
Other | — |  |  | — |
Ending balance | $ | 892,188 |  |  | $ | 184,463 |
(1) | Servicing advances acquired in connection with the acquisition of MSRs through business acquisitions and asset acquisitions. See Note 3 — Business Acquisitions and Note 9 — Mortgage Servicing for additional information.

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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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