XML 30 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Match Funded Advances
 9 Months Ended
Sep. 30, 2018
Transfers and Servicing [Abstract]  
Match Funded Assets
Note 6 – Match Funded Assets
 
September 30, 2018
 
December 31, 2017
Advances
 
 
 
Principal and interest
$
424,520

 
$
523,248

Taxes and insurance
352,376

 
439,857

Foreclosures, bankruptcy, real estate and other
158,184

 
181,495

 
935,080

 
1,144,600

 
 
 
 
Automotive dealer financing notes (1)
—

 
35,392

Allowance for losses
—

 
(2,635
)
 
—

 
32,757

 
 
 
 
 
$
935,080

 
$
1,177,357


(1)
In January 2018, we terminated our automotive dealer loan financing facility. Automotive dealer financing notes not pledged to our automotive dealer loan financing facility are reported as Other assets.
The following table summarizes the activity in match funded assets:
 
Nine Months Ended September 30,
 
2018
 
2017
 
Advances
 
Automotive Dealer Financing Notes
 
Advances
 
Automotive Dealer Financing Notes
Beginning balance
$
1,144,600

 
$
32,757

 
$
1,451,964

 
$
—

Transfer (to) from Other assets
—

 
(36,896
)
 
—

 
25,180

Sales
—

 
—

 
(691
)
 
—

New advances (collections), net
(209,520
)
 
1,504

 
(243,410
)
 
10,856

Decrease in allowance for losses (1)
—

 
2,635

 
—

 
—

Ending balance
$
935,080

 
$
—

 
$
1,207,863

 
$
36,036


(1)
The remaining allowance was charged off in connection with the exit from the ACS business.