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. |
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