Quarterly report pursuant to Section 13 or 15(d)

ADVANCES, NET

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ADVANCES, NET
 6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
ADVANCES, NET ADVANCES, NET
Advances, net consisted of the following:
(in thousands)
 June 30,
2024		 December 31,
2023
Trust advances $ 35,126  $ 44,487 
Foreclosure advances
 23,321  25,955 
Foreclosure loss reserve
 (4,807) (5,694)
Total advances, net $ 53,640  $ 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
June 30,		 Six Months Ended
June 30,
(in thousands)
 2024 2023 2024 2023
Balance — beginning of period $ 5,826  $ 8,665  $ 5,694  $ 8,698 
(Reversal of) provision for foreclosure losses
 (496) (1,044) (104) 470 
Utilization of foreclosure reserve (523) (962) (783) (2,509)
Balance — end of period $ 4,807  $ 6,659  $ 4,807  $ 6,659