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Advances (Tables)
12 Months Ended
Dec. 31, 2016
Advances [Abstract]  
Schedule of Advance Payments by Financial Institution on Foreclosed Properties
Advances, net, which represent payments made on behalf of borrowers or on foreclosed properties, consisted of the following at December 31:
 
2016
 
2015
Principal and interest
$
31,334

 
$
81,681

Taxes and insurance
170,131

 
278,487

Foreclosures, bankruptcy and other
94,369

 
126,031

 
295,834

 
486,199

Allowance for losses
(37,952
)
 
(41,901
)
 
$
257,882

 
$
444,298

Schedule of Activity in Advances
The following table summarizes the activity in net advances for the years ended December 31:
 
2016
 
2015
 
2014
Beginning balance
$
444,298

 
$
893,914

 
$
890,832

Acquisitions (1)

 

 
99,319

Transfers to match funded advances

 

 
(10,156
)
Sales of advances (2)
(24,631
)
 
(253,335
)
 

Collections of advances, charge-offs and other, net
(165,734
)
 
(224,414
)
 
(54,424
)
Decrease (increase) in allowance for losses
3,949

 
28,133

 
(31,657
)
Ending balance
$
257,882

 
$
444,298

 
$
893,914

(1)
Servicing advances acquired primarily in connection with the acquisition of MSRs. Acquisitions in 2014 include advances acquired in connection with the purchase of loans through the Ginnie Mae EBO program.
(2)
Servicing advances sold primarily in connection with sales of MSRs which met the requirements for sale accounting and which were derecognized from our financial statements at the time of the sale. However, advances sold during 2014 in connection with the sale of loans purchased through the Ginnie Mae EBO program did not qualify as sales for accounting purposes and were accounted for as a financing.
Schedule of Change in Allowance for Losses
The change in the allowance for losses for the years ended December 31 is as follows:
 
2016
 
2015
 
2014
Beginning balance
$
41,901

 
$
70,034

 
$
38,377

Provision
(2,043
)
 
61,445

 
83,164

Recoveries (charge-offs), net and other
(1,906
)
 
(89,578
)
 
(51,507
)
Ending balance
$
37,952

 
$
41,901

 
$
70,034