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Sales of Advances and MSRs (Tables)

3 Months Ended

Mar. 31, 2014

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 three months ended March 31, 2013:

Sale of MSRs accounted for as a financing	$	100,707
Sale of advances and match funded advances	703,206
Sales price, as adjusted	803,913
Amount due to (from) HLSS for post-closing adjustments at March 31	10,406
Cash received on current year sales	814,319
Amount received from HLSS as settlement of post-closing adjustments outstanding at the end of the previous year	—
Total cash received	$	814,319

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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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