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Sales of Advances and MSRs (Tables)

12 Months Ended

Dec. 31, 2013

Transfers and Servicing of Financial Assets [Abstract]

Summary of the Assets and Liabilities Sold to HLSS

The following table provides a summary of the assets and liabilities sold in connection with the HLSS Transactions during the years ended December 31:

	2013				2012
Sale of MSRs accounted for as a financing	$	417,167			316,607
Sale of advances and match funded advances	3,839,954				2,827,227
Sale of advance SPEs:
Match funded advances	—				413,374
Debt service account	—				14,786
Prepaid lender fees and debt issuance costs	—				5,422
Other prepaid expenses	—				1,928
Match funded liabilities	—				(358,335	)
Accrued interest payable and other accrued expenses	—				(841	)
Net assets of advance SPEs	—				76,334
Sales price, as adjusted	4,257,121				3,220,168
Amount due to (from) HLSS for post-closing adjustments at December 31	—				(1,410	)
Cash received on current year sales	4,257,121				3,218,758
Amount received from HLSS as settlement of post-closing adjustments outstanding at the end of the previous year	1,410				—
Total cash received	$	4,258,531			3,218,758

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- Definition

Tabular disclosure of carrying value of MSRs and advances sold to, and liabilities assumed by the purchaser in an asset sale. The sale of MSRs are accounted for as a financing and the sale of advances qualify for sales accounting.

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No definition available.

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