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Securitization and Variable Interests (Tables)
 12 Months Ended
Dec. 31, 2013
Transfers and Servicing [Abstract]  
Schedule of Cash Flows Related to Transfers Accounted for as Sales
The following table presents a summary of cash flows received from and paid to securitization trusts related to transfers accounted for as sales that were outstanding during 2013:
Proceeds received from securitizations
$
7,871,481

Servicing fees collected
20,333

Purchases of previously transferred assets, net of claims reimbursed
(358
)
 
$
7,891,456
Schedule of Assets That Relate to Continuing Involvement with Transferred Financial Assets with Servicing Rights and Maximum Exposure to Loss Including the Unpaid Principal Balance
The following table presents the carrying amounts of our assets that relate to our continuing involvement with forward loans that we have transferred with servicing rights retained as well as our maximum exposure to loss including the UPB of the transferred loans at December 31:
 
2013
 
2012
Carrying value of assets:
 
 
 
Mortgage servicing rights, at amortized cost
$
44,615

 
$
—

Mortgage servicing rights, at fair value
3,075

 
2,908

Advances and match funded advances
15,888

 
—

Unpaid principal balance of loans transferred (1)
5,641,277

 
238,010

Maximum exposure to loss
$
5,704,855

 
$
240,918

(1)
The UPB of the loans transferred is the maximum exposure to loss under our standard representations and warranties obligations.