XML 159 R49.htm IDEA: XBRL DOCUMENT v2.4.0.8
Advances (Tables)
 12 Months Ended
Dec. 31, 2013
Advances [Abstract]  
Schedule of Advance Payments by Financial Institution on Foreclosed Properties
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
268,053

 
41,296

 
886,399

 
176,360

Corporate Items and Other
4,433

 
8,103

 
$
890,832

 
$
184,463

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
Schedule of Activity in Advances
The following table summarizes the activity in advances for the years ended December 31:
 
2013
 
2012
Beginning balance
$
184,463

 
$
103,591

Acquisitions (1)
733,438

 
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
$
890,832

 
$
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.