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Advances | 3 Months Ended
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Mar. 31, 2017
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, 2017 |  | December 31, 2016
Principal and interest | $ | 23,125 |  |  | $ | 31,334 |
Taxes and insurance | 154,690 |  |  | 170,131 |
Foreclosures, bankruptcy and other | 92,202 |  |  | 94,369 |
| 270,017 |  |  | 295,834 |
Allowance for losses | (35,844 | ) |  | (37,952 | )
| $ | 234,173 |  |  | $ | 257,882 |
Advances at March 31, 2017 and December 31, 2016 include $25.0 million and $29.0 million, respectively, of previously sold advances in connection with sales of loans that did not qualify for sale accounting. The following table summarizes the activity in net advances:
| For the Three Months Ended March 31,
| 2017 |  | 2016
Beginning balance | $ | 257,882 |  |  | $ | 444,298 |
Sales of advances | (3 | ) |  | (261 | )
Collections of advances, charge-offs and other, net | (25,814 | ) |  | (126,067 | )
Decrease (increase) in allowance for losses | 2,108 |  |  | (622 | )
Ending balance | $ | 234,173 |  |  | $ | 317,348 |
The changes in the allowance for losses are as follows:
| For the Three Months Ended March 31,
| 2017 |  | 2016
Beginning balance | $ | 37,952 |  |  | $ | 41,901 |
Provision | 3,421 |  |  | 3,483 |
Charge-offs, net and other | (5,529 | ) |  | (2,861 | )
Ending balance | $ | 35,844 |  |  | $ | 42,523 |

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- Definition Advances [Abstract] + References No definition available. + Details
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- Definition Disclosure of non-interest-bearing advances made on behalf of borrowers or on foreclosed properties. Includes receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Also includes receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors. + References No definition available. + Details
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