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Advances (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Advances [Abstract]    
Schedule of Advance Payments by Financial Institution on Foreclosed Properties
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.
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.
Schedule of Activity in Advances
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

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.