Note 6 – Advances

Advances, net, which represent payments made on behalf of borrowers or on foreclosed properties, consisted of the following at the dates indicated:



	June 30, 2015		December 31, 2014
Servicing:
Principal and interest	$	95,140	$	128,217
Taxes and insurance	325,550		467,891
Foreclosures, bankruptcy and other (1)	148,024		293,340
	568,714		889,448
Corporate Items and Other	4,228		4,466
	$	572,942	$	893,914


(1)	The balances at June 30, 2015 and December 31, 2014 are net of an allowance for losses of $59.5 million and $70.0 million, respectively.

The following table summarizes the activity in advances for the six months ended June 30:



	2015			2014
Beginning balance	$	893,914		$	890,832
Acquisitions	—			99,318
Transfers to match funded advances	—			(10,156		)
Sales of advances	(132,859		)	—
Collections of advances, net of new advances, and other	(188,113		)	(34,185		)
Ending balance	$	572,942		$	945,809