XML 25 R13.htm IDEA: XBRL DOCUMENT v3.4.0.3
Advances
 3 Months Ended
Mar. 31, 2016
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:
 
March 31, 2016
 
December 31, 2015
Principal and interest
$
58,290

 
$
81,681

Taxes and insurance
233,202

 
278,487

Foreclosures, bankruptcy and other
68,379

 
126,031

 
359,871

 
486,199

Allowance for losses
(42,523
)
 
(41,901
)
 
$
317,348

 
$
444,298


Advances at March 31, 2016 include $79.6 million of previously sold advances that did not qualify for sales accounting.
The following table summarizes the activity in net advances for the three months ended March 31:
 
2016
 
2015
Beginning balance
$
444,298

 
$
893,914

Sales of advances
(261
)
 
(1,765
)
New advances (collections of advances), net
(126,067
)
 
52,217

Increase in allowance for losses
(622
)
 
(1,828
)
Ending balance
$
317,348

 
$
942,538


The change in the allowance for losses during the three months ended March 31 is as follows:
 
2016
 
2015
Beginning balance
$
41,901

 
$
70,034

Provision
3,483

 
4,960

Charge-offs and other
(2,861
)
 
(3,132
)
Ending balance
$
42,523

 
$
71,862