Transfers of Residential Loans (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Continuing Involvement with Mortgage Loans Sold with Servicing Rights Retained

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



	Carrying Value of Net Assets Recorded on the Consolidated Balance Sheets									Unpaid Principal Balance of Sold Loans
	Servicing Rights, Net ⁽¹⁾		Servicer and Protective Advances, Net		Payables and Accrued Liabilities			Total		Unpaid Principal Balance of Sold Loans
June 30, 2017	$	424,040	$	17,104	$	(1,314	)	$	439,830	$	37,442,262
December 31, 2016	439,062		21,825		(1,983		)	458,904		36,116,570

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(1)	The Company has revised the December 31, 2016 disclosed amount of net servicing rights for which the Company has continuing involvement. The total net servicing rights balance reported in the consolidated balance sheets as of December 31, 2016 was not impacted by this disclosure revision.

Summary of Cash Flows Related to Sales of Mortgage Loans

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



	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2017		2016		2017		2016
Cash proceeds received from sales, net of fees	$	4,551,321	$	4,825,191	$	9,803,873	$	10,290,056
Servicing fees collected ⁽¹⁾	29,563		36,407		60,366		71,179
Repurchases of previously sold loans	13,509		10,386		31,012		16,318

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(1)	Represents servicing fees collected on all loans sold whereby the Company has continuing involvement with mortgage loans that have been sold with servicing rights retained.