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Transfers of Residential Loans (Tables)
6 Months Ended
Jun. 30, 2014
Text Block [Abstract]  
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 forward loans that have been sold with servicing rights retained and the unpaid principal balance of these sold 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
 
Receivables,
Net
 
Total
 
June 30, 2014
 
$
258,544

 
$
3,365

 
$
668

 
$
262,577

 
$
21,272,121

December 31, 2013
 
192,962

 
6,023

 
437

 
199,422

 
14,672,986

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 forward loans (in thousands):
 
For the Three Months  
 Ended June 30,
 
For the Six Months 
 Ended June 30,
 
2014
 
2013
 
2014
 
2013
Proceeds received from transfers, net of fees
$
4,032,603

 
$
3,461,692

 
$
8,080,346

 
$
3,585,745

Servicing fees collected (1)
15,634

 
426

 
26,751

 
447

Purchases of previously transferred loans
4,953

 

 
4,953

 


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