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Securitization and Variable Interest Entities (Tables)
 9 Months Ended
Sep. 30, 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 and nine months ended September 30:
 
Three Months
 
 Nine Months
 
2014
 
2013
 
2014
 
2013
Proceeds received from securitizations
$
1,369,468

 
$
1,776,309

 
$
4,346,991

 
$
6,240,459

Servicing fees collected
10,840

 
6,317

 
25,174

 
13,125

Purchases of previously transferred assets, net of claims reimbursed
2,237

 
—

 
2,237

 
—

 
$
1,382,545

 
$
1,782,626

 
$
4,374,402

 
$
6,253,584
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 unpaid principal balance (UPB) of the transferred loans at the dates indicated:
 
September 30, 2014
 
December 31, 2013
Carrying value of assets:
 
 
 
Mortgage servicing rights, at amortized cost
$
84,397

 
$
44,615

Mortgage servicing rights, at fair value
2,965

 
3,075

Advances and match funded advances
10,153

 
15,888

Unpaid principal balance of loans transferred (1)
8,816,416

 
5,641,277

Maximum exposure to loss
$
8,913,931

 
$
5,704,855

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