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 |
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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 |
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| | (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. |
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