Quarterly report pursuant to Section 13 or 15(d)

ADVANCES, NET

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ADVANCES, NET
 3 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
ADVANCES, NET ADVANCES, NET
Advances, net consisted of the following:
(in thousands)
 March 31,
2024		 December 31,
2023
Trust advances $ 39,808  $ 44,487 
Foreclosure advances
 22,244  25,955 
Foreclosure loss reserve
 (5,826) (5,694)
Total advances, net $ 56,226  $ 64,748 
Management has established a foreclosure reserve for estimated uncollectible balances of the foreclosure and trust advances. The activity of the foreclosure loss reserve was as follows:
Three Months Ended
March 31,
(in thousands)
 2024 2023
Balance — beginning of period $ 5,694  $ 8,698 
Provision for foreclosure losses
 392  1,514 
Utilization of foreclosure reserve (260) (1,547)
Balance — end of period $ 5,826  $ 8,665