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Advances (Tables) | 12 Months Ended
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Dec. 31, 2020
Advances [Abstract] |
Schedule of Advance Payments by Financial Institution on Foreclosed Properties |
| December 31,
| 2020 |  | 2019
Principal and interest | $ | 277,132 |  |  | $ | 414,846 |
Taxes and insurance | 364,593 |  |  | 422,383 |
Foreclosures, bankruptcy, REO and other | 192,787 |  |  | 229,219 |
| 834,512 |  |  | 1,066,448 |
Allowance for losses | (6,273) |  |  | (9,925) |
Advances, net | $ | 828,239 |  |  | $ | 1,056,523 |
Schedule of Activity in Advances | The following table summarizes the activity in net advances:
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
Beginning balance | $ | 1,056,523 |  |  | $ | 1,186,676 |  |  | $ | 1,389,150 |
Asset acquisition | 14 |  |  | 1,457 |  |  | — |
Acquired in connection with the acquisition of PHH | — |  |  | — |  |  | 96,163 |
Transfer to Other assets | — |  |  | — |  |  | (36,896) |
New advances | 890,389 |  |  | 671,673 |  |  | 684,538 |
Sales of advances | (834) |  |  | (11,791) |  |  | (32,081) |
Collections of advances and other | (1,121,505) |  |  | (804,826) |  |  | (910,039) |
Net decrease (increase) in allowance for losses (1) | 3,652 |  |  | 13,334 |  |  | (4,159) |
Ending balance | $ | 828,239 |  |  | $ | 1,056,523 |  |  | $ | 1,186,676 |
(1) As disclosed in Note 1, there was no significant adjustment as of January 1, 2020 as a result of the adoption of ASU 2016-13.
Schedule of Change in Allowance for Losses |
Allowance for Losses | Years Ended December 31,
2020 |  | 2019 |  | 2018
Beginning balance | $ | 9,925 |  |  | $ | 23,259 |  |  | $ | 16,465 |
Provision | 7,790 |  |  | 3,220 |  |  | 5,732 |
Net charge-offs and other (1) | (11,442) |  |  | (16,554) |  |  | 1,062 |
Ending balance | $ | 6,273 |  |  | $ | 9,925 |  |  | $ | 23,259 |
(1)Net change for the year ended December 31, 2019 includes $18.0 million allowance related to sold advances presented in Other liabilities (Liability for indemnification obligations).

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- Definition Disclosure of accumulated prepayments made by financial institutions on behalf of borrowers for principal, interest, taxes (for example, property taxes) and insurance (for example, property and catastrophe) which will periodically be remitted to the lender, appropriate governmental agency(ies) or vendor(s) on behalf of the borrower. + References No definition available. + Details
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- Definition Schedule of Activity in Advances [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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