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Servicer and Protective Advances, Net
12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Servicer And Protective Advances, Net Disclosure
Servicer and Protective Advances, Net
Servicer advances consist of principal and interest advances to certain unconsolidated securitization trusts to meet contractual payment requirements to credit owners. Protective advances consist of advances to protect the collateral being serviced by the Company and primarily include payments made for property taxes, insurance and foreclosure costs. Servicer and protective advances, net consist of the following (in thousands):
 
 
December 31,
 
 
2016
 
2015
Servicer advances
 
$
87,818

 
$
44,031

Protective advances (1)
 
1,254,343

 
1,707,372

Total servicer and protective advances
 
1,342,161

 
1,751,403

Less: Allowance for uncollectible advances
 
(146,781
)
 
(120,338
)
Servicer and protective advances, net
 
$
1,195,380

 
$
1,631,065


__________
(1)
The December 31, 2015 balance was increased by $35.2 million to correct an immaterial error as discussed in further detail in Note 1.
The following table shows the activity in the allowance for uncollectible advances (in thousands):
 
 
For the Years Ended December 31,
 
 
2016
 
2015
 
2014
Balance at beginning of the year
 
$
120,338

 
$
112,427

 
$
62,542

Provision for uncollectible advances
 
64,729

 
52,679

 
75,704

Charge-offs, net of recoveries and other (1) (2)
 
(38,286
)
 
(44,768
)
 
(25,819
)
Balance at end of the year
 
$
146,781

 
$
120,338

 
$
112,427


__________
(1)
Includes $23.5 million related to the sale of residual interests in seven Residual Trusts during the year ended December 31, 2015.
(2)
Includes $11.3 million related to the sale of Fannie Mae MSR, which was transferred to payables and accrued liabilities during the year ended December 31, 2016.