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Sales of Advances and MSRs (Tables)
12 Months Ended
Dec. 31, 2015
Transfers and Servicing of Financial Assets [Abstract]  
Summary of MSRs and Advances Sold
The following table provides a summary of the MSRs and advances sold during the years ended December 31:
 
2015 (1)
 
2014 (2)
 
2013 (3)
 
Mortgage Servicing Rights
 
Advances and Match Funded Advances
 
Mortgage Servicing Rights
 
Advances and Match Funded Advances
 
Mortgage Servicing Rights
 
Advances and Match Funded Advances
Sales price of assets sold:
 
 
 
 
 
 
 
 
 
 
 
Accounted for as a sale
$
775,351

 
$
562,325

 
$
287

 
$
1,054

 
$
34,754

 
$
3,839,954

Accounted for as a financing

 

 
123,551

 
88,981

 
448,928

 

 
775,351

 
562,325

 
123,838

 
90,035

 
483,682

 
3,839,954

Amounts due from purchaser at December 31
(18,615
)
 
(76,014
)
 

 

 

 

Amounts paid to purchaser for estimated representation and warranty obligations, compensatory fees and related indemnification obligations
(69,898
)
 

 

 

 

 

Amounts received from (paid to) purchaser for items outstanding at the end of the previous year

 

 

 

 
(1,173
)
 
2,583

Total net cash received
$
686,838

 
$
486,311

 
$
123,838

 
$
90,035

 
$
482,509

 
$
3,842,537


(1)
In 2015, we sold Agency MSRs relating to loans with a UPB of $87.6 billion.
(2)
In 2014, we issued $123.6 million of OASIS Series 2014-1 Notes secured by Ocwen-owned MSRs relating to Freddie Mac mortgages of $11.8 billion UPB.
(3)
In 2013, we sold to Home Loan Servicing Solutions, Ltd. (HLSS) the Rights to MSRs relating to loans with a UPB of $119.7 billion for $417.2 million and sold the related servicing advances of $3.8 billion.