Quarterly report [Sections 13 or 15(d)]

ADVANCES, NET (Tables)

v3.25.1
ADVANCES, NET (Tables)
3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Advances Net
Advances, net consisted of the following:
(in thousands)
March 31,
2025
December 31,
2024
Trust advances $ 46,576  $ 65,048 
Foreclosure advances
25,500  25,761 
Foreclosure loss reserve
(6,931) (5,286)
Total advances, net $ 65,145  $ 85,523 
Schedule of Activity of the Foreclosure Loss Reserve The activity of the foreclosure loss reserve was as follows:
Three Months Ended
March 31,
(in thousands)
2025 2024
Balance — beginning of period $ 5,286  $ 5,694 
Provision for foreclosure losses 2,378  392 
Realized losses, net
(733) (260)
Balance — end of period $ 6,931  $ 5,826