XML 42 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Sales of Advances and MSRs (Tables)
 9 Months Ended
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.