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Receivables (Tables)
6 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Schedule of Receivables
Receivables consisted of the following at the dates indicated:
 
June 30, 2014
 
December 31, 2013
Servicing:
 
 
 
Due from custodial accounts
$
62,106

 
$
2,943

Government-insured loan claims (1)
58,306

 
54,012

Reimbursable expenses
52,443

 
35,933

Other servicing receivables
24,041

 
31,649

 
196,896

 
124,537

Income taxes receivable
27,877

 
6,369

Due from related parties (2)
9,867

 
14,553

Other receivables (3)
40,899

 
24,579

 
275,539

 
170,038

Allowance for losses (1)
(35,791
)
 
(17,522
)
 
$
239,748

 
$
152,516

(1)
The allowance for losses at June 30, 2014 and December 31, 2013 includes $35.7 million and $17.4 million, respectively, related to receivables of our Servicing business. Allowance for losses related to defaulted FHA or VA insured loans repurchased from Ginnie Mae guaranteed securitizations (government-insured loan claims) at June 30, 2014 and December 31, 2013 were $16.4 million and $14.0 million, respectively.
(2)
See Note 18 – Related Party Transactions for additional information.
(3)
The balance at June 30, 2014 and December 31, 2013 includes $23.9 million and $13.6 million, respectively, related to losses expected to be indemnified under the terms of the merger agreement entered into in connection with the acquisition of Homeward.