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Advances | 12 Months Ended
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Dec. 31, 2014
Advances [Abstract] |
Advances | Note 7 — Advances Advances, net, representing payments made on behalf of borrowers or on foreclosed properties, consisted of the following at December 31:
| 2014 |  | 2013
Servicing: |  |  |  |  |
Principal and interest | $ | 128,217 |  |  | $ | 141,307 |
Taxes and insurance | 467,891 |  |  | 477,039 |
Foreclosures, bankruptcy and other (1) | 293,340 |  |  | 268,053 |
| 889,448 |  |  | 886,399 |
Corporate Items and Other | 4,466 |  |  | 4,433 |
| $ | 893,914 |  |  | $ | 890,832 |
(1) | The balances at December 31, 2014 and 2013 are net of an allowance for losses of $70.0 million and $38.4 million, respectively.
The following table summarizes the activity in advances for the years ended December 31:
| 2014 |  | 2013 |  | 2012
Beginning balance | $ | 890,832 |  |  | $ | 184,463 |  |  | $ | 103,591 |
Acquisitions (1) | 99,319 |  |  | 733,438 |  |  | 118,360 |
Transfers to match funded advances | (10,156 | ) |  | (142,286 | ) |  | (74,317 | )
Sales of advances to HLSS (2) | — |  |  | (200,749 | ) |  | — |
New advances (collections of advances), net and other | (86,081 | ) |  | 315,966 |  |  | 36,829 |
Ending balance | $ | 893,914 |  |  | $ | 890,832 |  |  | $ | 184,463 |
(1) | Servicing advances acquired through business acquisitions and asset acquisitions, primarily in connection with the acquisition of MSRs.
(2) | Advances sold in in connection with the sales of Rights to MSRs met the requirements for sale accounting and were derecognized from our financial statements at the time of the sale. Advances sold in connection with the Ginnie Mae EBO Transactions in 2014 did not qualify as sales for accounting purposes.

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