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v3.19.3

Match Funded Advances | 9 Months Ended
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Sep. 30, 2019
Transfers and Servicing [Abstract] |
Match Funded Advances |
Note 8 – Match Funded Advances
| September 30, 2019 |  | December 31, 2018
Principal and interest | $ | 383,896 |  |  | $ | 412,897 |
Taxes and insurance | 305,336 |  |  | 374,853 |
Foreclosures, bankruptcy, REO and other | 136,528 |  |  | 149,544 |
| $ | 825,760 |  |  | $ | 937,294 |
The following table summarizes the activity in match funded assets:
| Nine Months Ended September 30,
| 2019 |  | 2018
| Advances |  | Advances |  | Automotive Dealer Financing Notes
Beginning balance | $ | 937,294 |  |  | $ | 1,144,600 |  |  | $ | 32,757 |
Transfer to Other assets | — |  |  | — |  |  | (36,896 | )
New advances (collections), net | (111,534 | ) |  | (209,520 | ) |  | 1,504 |
Decrease in allowance for losses (1) | — |  |  | — |  |  | 2,635 |
Ending balance | $ | 825,760 |  |  | $ | 935,080 |  |  | $ | — |
(1) | The remaining allowance was charged off in connection with the exit from the automotive capital services business. In January 2018, we terminated the automotive dealer loan financing facility.

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- Definition The disclosure for the carrying amount of advances transferred to special purpose entities in transactions accounted for as secured borrowings in the transferor's statement of financial position. Advances include 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. Advances also include 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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- References No definition available. + Details
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