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Advances | 9 Months Ended
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Sep. 30, 2015
Advances [Abstract] |
Advances | 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:
| September 30, 2015 |  | December 31, 2014
Servicing: |  |  |  |  |
Principal and interest | $ | 103,235 |  |  | $ | 128,217 |
Taxes and insurance | 258,846 |  |  | 467,891 |
Foreclosures, bankruptcy and other (1) | 150,898 |  |  | 293,340 |
| 512,979 |  |  | 889,448 |
Corporate Items and Other | 4,399 |  |  | 4,466 |
| $ | 517,378 |  |  | $ | 893,914 |
(1) | The balances at September 30, 2015 and December 31, 2014 are net of an allowance for losses of $60.4 million and $70.0 million, respectively.
The following table summarizes the activity in advances for the nine months ended September 30:
| 2015 |  | 2014
Beginning balance | $ | 893,914 |  |  | $ | 890,832 |
Acquisitions | — |  |  | 99,318 |
Transfers to match funded advances | — |  |  | (10,156 | )
Sales of advances | (224,756 | ) |  | — |
Collections of advances, net of new advances, and other | (151,780 | ) |  | 7,292 |
Ending balance | $ | 517,378 |  |  | $ | 987,286 |

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- Definition Advances [Abstract] + References No definition available. + Details
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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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