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Match Funded Advances (Tables) | 9 Months Ended
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Sep. 30, 2014
Transfers and Servicing [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:
| September 30, 2014 |  | December 31, 2013
Servicing: |  |  |  |  |
Principal and interest | $ | 198,540 |  |  | $ | 141,307 |
Taxes and insurance | 443,255 |  |  | 477,039 |
Foreclosures, bankruptcy and other (1) | 340,882 |  |  | 268,053 |
| 982,677 |  |  | 886,399 |
Corporate Items and Other | 4,609 |  |  | 4,433 |
| $ | 987,286 |  |  | $ | 890,832 |
(1) | The balances at September 30, 2014 and December 31, 2013 are net of an allowance for losses of $48.4 million and $38.4 million, respectively.
Match funded advances on residential loans we service for others are comprised of the following at the dates indicated:
| September 30, 2014 |  | December 31, 2013
Principal and interest | $ | 1,360,568 |  |  | $ | 1,497,649 |
Taxes and insurance | 788,612 |  |  | 830,113 |
Foreclosures, bankruptcy, real estate and other | 210,399 |  |  | 224,621 |
| $ | 2,359,579 |  |  | $ | 2,552,383 |
Schedule of Activity In Match Funded Advances | The following table summarizes the activity in match funded advances for the nine months ended September 30:
| 2014 |  | 2013
Beginning balance | $ | 2,552,383 |  |  | $ | 3,049,244 |
Acquisitions (1) | 85,521 |  |  | 1,448,371 |
Transfers from advances | 10,156 |  |  | 131,197 |
Sales of advances to HLSS (2) | — |  |  | (3,428,234 | )
Collections, net of new advances and other | (288,481 | ) |  | (666,853 | )
Ending balance | $ | 2,359,579 |  |  | $ | 533,725 |
(1) | Servicing advances acquired in connection with the acquisitions of MSRs through business acquisitions and asset acquisitions. See Note 3 – Business Acquisitions and Note 8 – Mortgage Servicing for additional information.
(2) | See Note 6 – Advances for additional information.

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- Definition Disclosure of accumulated prepayments made by financial institutions on behalf of borrowers for principal, interest, taxes (for example, property taxes) and insurance (for example, property and catastrophe) which will periodically be remitted to the lender, appropriate governmental agency(ies) or vendor(s) on behalf of the borrower. + References No definition available. + Details
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