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Sales of Advances and MSRs (Tables)
 12 Months Ended
Dec. 31, 2016
Transfers and Servicing of Financial Assets [Abstract]  
Summary of MSRs and Advances Sold
The following table provides a summary of the MSRs and advances sold during the years ended December 31:
 
2016 (1)
 
2015 (1)
 
2014 (2)
 
Mortgage Servicing Rights
 
Advances and Match Funded Advances
 
Mortgage Servicing Rights
 
Advances and Match Funded Advances
 
Mortgage Servicing Rights
 
Advances and Match Funded Advances
Sales price of assets sold:
 
 
 
 
 
 
 
 
 
 
 
Accounted for as a sale
$
29,550

 
$
31,904

 
$
775,351

 
$
562,325

 
$
287

 
$
1,054

Accounted for as a financing
—

 
—

 
—

 
—

 
123,551

 
88,981

 
29,550

 
31,904

 
775,351

 
562,325

 
123,838

 
90,035

Amount due from purchaser at December 31
—

 
(399
)
 
(18,615
)
 
(76,014
)
 
—

 
—

Amounts paid to purchaser for estimated representation and warranty obligations, compensatory fees and related indemnification obligations
(1,320
)
 
—

 
(69,898
)
 
—

 
—

 
—

Amounts received from purchaser for items outstanding at the end of the previous year
18,814

 
71,512

 
—

 
—

 
—

 
—

Total net cash received
$
47,044

 
$
103,017

 
$
686,838

 
$
486,311

 
$
123,838

 
$
90,035


(1)
In 2016 and 2015, we sold MSRs relating to loans with a UPB of $3.7 billion (Agency and non-Agency) and $87.6 billion (Agency), respectively.
(2)
In 2014, we issued $123.6 million of OASIS Series 2014-1 Notes secured by Ocwen-owned MSRs relating to Freddie Mac mortgages of $11.8 billion UPB.