XML 82 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Match Funded Advance
6 Months Ended
Jun. 30, 2014
Transfers and Servicing [Abstract]  
Match Funded Advances
Note 7 – Match Funded Advances
Match funded advances on residential loans we service for others are comprised of the following at the dates indicated:
 
June 30, 2014
 
December 31, 2013
Principal and interest
$
1,493,856

 
$
1,497,649

Taxes and insurance
807,129

 
830,113

Foreclosures, bankruptcy, real estate and other
216,592

 
224,621

 
$
2,517,577

 
$
2,552,383


The following table summarizes the activity in match funded advances for the six months ended June 30:
 
2014
 
2013
Beginning balance
$
2,552,383

 
$
3,049,244

Acquisitions (1)
85,521

 
1,448,371

Transfers from advances
10,156

 

Sales of advances to HLSS (2)

 
(1,018,104
)
Collections, net of new advances
(130,483
)
 
(519,187
)
Ending balance
$
2,517,577

 
$
2,960,324

(1)
Servicing advances acquired in connection with the acquisitions of MSRs through business acquisitions and asset acquisitions. See Note 3 – Business Acquisitions and Note 8 – Mortgage Servicing for additional information.
(2)
See Note 6 – Advances for additional information.