XML 61 R52.htm IDEA: XBRL DOCUMENT v3.3.0.814
Receivables (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Receivables [Abstract]    
Schedule of Receivables
Receivables consisted of the following at the dates indicated:
 
September 30, 2015
 
December 31, 2014
Servicing:
 
 
 
Government-insured loan claims (1)
$
67,690

 
$
52,955

Due from custodial accounts
44,338

 
11,627

Reimbursable expenses
22,636

 
32,387

Other servicing receivables (2)
159,753

 
29,516

 
294,417

 
126,485

Income taxes receivable
63,572

 
68,322

Due from related parties (3)
—

 
58,892

Other receivables (4)
30,369

 
43,690

 
388,358

 
297,389

Allowance for losses (1)
(26,786
)
 
(26,793
)
 
$
361,572

 
$
270,596

(1)
At September 30, 2015 and December 31, 2014, the total allowance for losses includes $26.8 million and $26.8 million, respectively, related to receivables of our Servicing business. Allowance for losses related to defaulted FHA or VA insured loans repurchased from Ginnie Mae guaranteed securitizations (government-insured loan claims) at September 30, 2015 and December 31, 2014 were $13.2 million and $10.0 million, respectively.
(2)
At September 30, 2015, other servicing receivables include $133.8 million related to sales of MSRs and advances.
(3)
Entities that we reported as related parties at December 31, 2014 are no longer considered to be related parties, and amounts receivable from them are now reported within Other receivables.
(4)
At December 31, 2014, other receivables include $28.8 million related to losses to be indemnified under the terms of the Homeward merger agreement. On March 19, 2015, we reached an agreement with the former owner of Homeward for the final settlement of all indemnification claims under the merger agreement and received $38.1 million in cash.
Receivables consisted of the following at December 31:
 
2014
 
2013
Servicing:
 
 
 
Government-insured loan claims (1)
$
52,955

 
$
54,012

Due from custodial accounts
11,627

 
2,933

Reimbursable expenses
32,387

 
35,933

Other servicing receivables
29,516

 
31,659

 
126,485

 
124,537

Income taxes receivable
68,322

 
6,369

Due from related parties
58,892

 
14,553

Other receivables (2)
43,690

 
24,579

 
297,389

 
170,038

Allowance for losses (1)
(26,793
)
 
(17,522
)
 
$
270,596

 
$
152,516

(1)
The total allowance for losses at December 31, 2014 and 2013 includes $26.8 million and $17.4 million, respectively, related to receivables of the Servicing business. The allowance for losses related to defaulted FHA or VA insured loans repurchased from Ginnie Mae guaranteed securitizations (government-insured loan claims) was $10.0 million and $14.0 million at December 31, 2014 and 2013, respectively.
(2)
The balance at December 31, 2014 and 2013 includes $28.8 million and $13.6 million, respectively, related to losses to be indemnified under the terms of the Homeward merger agreement.