Quarterly report pursuant to Section 13 or 15(d)

ADVANCES, NET

v3.24.3
ADVANCES, NET
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
ADVANCES, NET
Advances, net consisted of the following:
(in thousands)
 September 30,
2024		 December 31,
2023
Trust advances $ 32,076  $ 44,487 
Foreclosure advances
 22,910  25,955 
Foreclosure loss reserve
 (4,894) (5,694)
Total advances, net $ 50,092  $ 64,748 
Management has established a foreclosure loss reserve for estimated uncollectible balances of the foreclosure and trust advances. The activity of the foreclosure loss reserve was as follows:
Three Months Ended
September 30,		 Nine Months Ended
September 30,
(in thousands)
 2024 2023 2024 2023
Balance — beginning of period $ 4,807  $ 6,659  $ 5,694  $ 8,698 
Provision for foreclosure losses
 613  84  509  554 
Realized losses, net
 (526) (549) (1,309) (3,058)
Balance — end of period $ 4,894  $ 6,194  $ 4,894  $ 6,194