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Advances - Activity (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Advances [Roll Forward]    
Advances, beginning balance $ 890,832 $ 184,463
Acquisitions 99,318 [1] 267,852 [1]
Transfers to match funded advances (10,156) 0
Advances Payments on Behalf of Borrower, Sales 0 [2] (61,673) [2]
New advances, net of collections (34,185) 86,215
Advances, ending balance $ 945,809 $ 476,857
[1] Servicing advances acquired through business acquisitions and asset acquisitions, primarily in connection with the acquisition of MSRs. See Note 3 – Business Acquisitions, Note 5 – Loans Held for Sale and Note 8 – Mortgage Servicing for additional information.
[2] e periodically sell Rights to MSRs and the related servicing advances to HLSS. The related advance sales generally meet the requirements for sale accounting and are derecognized from our financial statements at the time of the sale. In connection with the Ginnie Mae EBO Transactions completed during 2014, we transferred advances related to certain FHA-insured mortgage loans to HLSS Mortgage and HLSS SEZ LP in transactions which did not qualify as sales for accounting purposes.