Servicer and Protective Advances, Net

6 Months Ended

Jun. 30, 2013

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Servicer and Protective Advances, Net

10. Servicer and Protective Advances, Net

Servicer advances consist of principal and interest advances to certain unconsolidated securitization trusts to meet contractual payment requirements to investors. Protective advances consist of advances to protect the collateral being serviced by the Company and primarily include payments made for foreclosure costs, property taxes and insurance. The following table presents servicer and protective advances, net (in thousands):

	June 30, 2013			December 31, 2012
Protective advances	$	1,021,903		$	149,041
Servicer advances		53,412			48,120
Total servicer and protective advances		1,075,315			197,161
Less: Allowance for uncollectible advances		(30,905	)		(24,114	)
Servicer and protective advances, net	$	1,044,410		$	173,047