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Securitization and Variable Interest Entities (Tables)
 3 Months Ended
Mar. 31, 2014
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 the three months ended March 31:
 
2014
 
2013
Proceeds received from securitizations
$
1,534,251

 
$
2,576,792

Servicing fees collected
5,194

 
1,518

 
$
1,539,445

 
$
2,578,310
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 the dates indicated:
 
March 31, 2014
 
December 31, 2013
Carrying value of assets:
 
 
 
Mortgage servicing rights, at amortized cost
$
49,219

 
$
44,615

Mortgage servicing rights, at fair value
3,079

 
3,075

Advances and match funded advances
11,069

 
15,888

Unpaid principal balance of loans transferred (1)
6,497,814

 
5,641,277

Maximum exposure to loss
$
6,561,181

 
$
5,704,855

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