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Sales of Advances and MSRs (Tables) | 9 Months Ended
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Sep. 30, 2016
Transfers and Servicing [Abstract] |
Schedule of MSRs and Advances Sold | The following table provides a summary of the MSRs and advances sold during the nine months ended September 30:
| 2016 |  | 2015
| MSRs |  | Advances and Match Funded Advances |  | MSRs |  | Advances and Match Funded Advances
Sales price of assets sold and adjustments: |  |  |  |  |  |  |
Accounted for as a sale (1) | $ | 28,126 |  |  | $ | 30,370 |  |  | $ | 780,410 |  |  | $ | 321,164 |
Amount due from purchaser at September 30 (2) | — |  |  | (2,128 | ) |  | (98,545 | ) |  | (35,226 | )
Amounts paid to purchaser for estimated representation and warranty obligations, compensatory fees and related indemnification obligations | (1,320 | ) |  | — |  |  | (83,806 | ) |  | — |
Amounts received from purchaser for items outstanding at the end of the previous year | 18,448 |  |  | 46,740 |  |  | — |  |  | — |
Total net cash received | $ | 45,254 |  |  | $ | 74,982 |  |  | $ | 598,059 |  |  | $ | 285,938 |
(1) | During the nine months ended September 30, 2016 and 2015, we sold MSRs relating to loans with a UPB of $3.6 billion (Agency and non-Agency) and $86.4 billion (Agency), respectively.
(2) | At September 30, 2016, the total amount due from sales of MSRs and advances, which is reported in Receivables, net, is $31.6 million and consists principally of amounts related to sales completed in 2015.

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- Definition Tabular disclosure of transferred financial assets that have been derecognized and other financial assets that are managed together. Includes, but is not limited to, delinquencies and credit losses, after recoveries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=64830801&loc=d3e107314-111719 + Details
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