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Loans Held for Sale - Schedule of Loans Held for Sale at Lower Cost or Fair Value, Activity (Details) - USD ($) $ in Thousands | 9 Months Ended
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Sep. 30, 2015 | Sep. 30, 2014
Movement In Loans Held For Sale At Fair Value [Roll Forward] |  |  |
Beginning balance |  | $ 87,492 | $ 62,907
Purchases |  | 769,631 | 2,083,282
Proceeds from sales |  | (577,591) | (1,744,273)
Principal collections |  | (45,137) | (248,552)
Transfers to accounts receivable |  | (4,811) | (96,257)
Transfers to real estate owned |  | (18,479) | (4,575)
Gain on sale of loans |  | 38,327 | 32,471
Decrease (increase) in valuation allowance |  | 37,998 | (16,282)
Other |  | 3,633 | 3,216
Ending balance | [1],[2] | $ 291,063 | $ 71,937
[1] | At September 30, 2015 and September 30, 2014, the balances are net of valuation allowances of $15.4 million and $47.0 million, respectively. The decrease in the valuation allowance for the nine months ended September 30, 2015 resulted principally from the reversal of $37.8 million of the allowance that was associated with loans that were sold to unrelated third parties during the six months ended June 30, 2015. This decrease was partly offset by an increase of $1.1 million in the allowance resulting from transfers from the liability for indemnification obligations for the initial valuation adjustment that we recognized on certain loans that we repurchased from Fannie Mae and Freddie Mac guaranteed securitizations. For the nine months ended September 30, 2014, the increase in the allowance was principally the result of $15.3 million of such transfers from the liability for indemnification obligations.
[2] | At September 30, 2015 and September 30, 2014, the balances include $98.7 million and $24.1 million, respectively, of loans that we were required to repurchase from Ginnie Mae guaranteed securitizations as part of our servicing obligations. Repurchased loans are modified or otherwise remediated through loss mitigation activities or are reclassified to receivables.

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- Definition Gain (Loss) on Sale of Mortgage Loans Held-for-sale, at Lower Cost or Fair Value + References No definition available. + Details
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- Definition Increase (Decrease) in Valuation Allowance of Mortgage Loans Held-for-sale, at Lower Cost or Fair Value + References No definition available. + Details
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- Definition Loans held for sale at lower of cost or fair value. + References No definition available. + Details
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
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- Definition Other Adjustments to Mortgage Loans Held-for-sale, at Lower Cost or Fair Value + References No definition available. + Details
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- Definition Payments for Origination of Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value + References No definition available. + Details
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- Definition Proceeds from Principal Payments on Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value + References No definition available. + Details
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- Definition Proceeds from Sale of Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value + References No definition available. + Details
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- Definition Transfers to Accounts Receivable from Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value + References No definition available. + Details
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- Definition Transfers to Real Estate Owned from Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value + References No definition available. + Details
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