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Servicing
12 Months Ended
Dec. 31, 2015
Loans and Other Servicing Accounts  
Servicing  
Servicing

NOTE 6—SERVICING

 

The total unpaid principal balance of loans the Company was servicing for various institutional investors was $50.2 billion as of December 31, 2015 compared to $44.0 billion as of December 31, 2014.

 

As of both December 31, 2015 and 2014, custodial escrow accounts relating to loans serviced by the Company totaled $1.1 billion. These amounts are not included in the accompanying consolidated balance sheets as such amounts are not Company assets. Certain cash deposits at other financial institutions exceed the Federal Deposit Insurance Corporation insured limits. The Company places these deposits with major financial institutions where it believes the risk of loss to be minimal.