XML 13 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Advances (Tables)
3 Months Ended
Mar. 31, 2014
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 the dates indicated:
 
March 31, 2014
 
December 31, 2013
Servicing:
 

 
 

Principal and interest
$
189,338

 
$
141,307

Taxes and insurance
465,359

 
477,039

Foreclosures, bankruptcy and other
278,713

 
268,053

 
933,410

 
886,399

Corporate Items and Other
4,516

 
4,433

 
$
937,926

 
$
890,832

Match funded advances on residential loans we service for others are comprised of the following at the dates indicated:
 
March 31, 2014
 
December 31, 2013
Principal and interest
$
1,589,396

 
$
1,497,649

Taxes and insurance
847,615

 
830,113

Foreclosures, bankruptcy, real estate and other
218,843

 
224,621

 
$
2,655,854

 
$
2,552,383

Schedule of Activity in Advances
The following table summarizes the activity in advances for the three months ended March 31:
 
2014
 
2013
Beginning balance
$
890,832

 
$
184,463

Acquisitions (1)
98,875

 
205,365

Transfers to match funded advances
(10,156
)
 

Sales of advances to HLSS

 
(38,313
)
(Collections) new advances, net
(41,625
)
 
210,046

Ending balance
$
937,926

 
$
561,561

(1)
Servicing advances acquired through business acquisitions and asset acquisitions, primarily in connection with the acquisition of MSRs. See Note 3 — Business Acquisitions, Note 6 — Loans Held for Sale and Note 9 — Mortgage Servicing for additional information.