Annual report [Section 13 and 15(d), not S-K Item 405]

ADVANCES, NET

v3.25.0.1
ADVANCES, NET
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
ADVANCES, NET ADVANCES, NET
Advances, net consisted of the following:
December 31,
(in thousands)
 2024 2023
Trust advances $ 65,048  $ 44,487 
Foreclosure advances
 25,761  25,955 
Foreclosure loss reserve
 (5,286) (5,694)
Total advances, net
 $ 85,523  $ 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:
Year Ended
December 31,
(in thousands)
 2024 2023
Balance — beginning of year $ 5,694  $ 8,698 
Provision for foreclosure losses 1,617  1,188 
Realized losses, net
 (2,025) (4,192)
Balance — end of year $ 5,286  $ 5,694