Transfers of Residential Loans (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Servicing Arrangements Associated with Transfers of Forward Loans

The following table presents the carrying amounts of the Company’s assets that relate to its continued involvement with mortgage loans that have been sold with servicing rights retained and the unpaid principal balance of these loans (in thousands):



	Carrying Value of Assets Recorded on the Consolidated Balance Sheets						Unpaid Principal Balance of Sold Loans
	Servicing Rights, Net		Servicer and Protective Advances, Net		Total		Unpaid Principal Balance of Sold Loans
March 31, 2015	$	358,794	$	11,078	$	369,872	$	32,406,294
December 31, 2014	331,365		13,146		344,511		28,457,216

Summary of Cash Flow Related to Transfers of Residential Loans Accounted for as Sales

The following table presents a summary of cash flows related to sales of mortgage loans (in thousands):



	For the Three Months Ended March 31,
	2015		2014
Proceeds received from sales, net of fees	$	5,659,144	$	4,047,743
Servicing fees collected ⁽¹⁾	22,222		11,117
Repurchases of previously sold loans	3,130		—

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(1)	Represents servicing fees collected on all loans sold with servicing retained.