Quarterly report [Sections 13 or 15(d)]

ADVANCES, NET

v3.25.2
ADVANCES, NET
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
ADVANCES, NET ADVANCES, NET
Advances, net consisted of the following:
(in thousands)
 June 30,
2025		 December 31,
2024
Trust advances $ 39,709  $ 65,048 
Foreclosure advances
 28,565  25,761 
Foreclosure loss reserve
 (7,273) (5,286)
Total advances, net $ 61,001  $ 85,523 
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
June 30,		 Six Months Ended
June 30,
(in thousands)
 2025 2024 2025 2024
Balance — beginning of period $ 6,931  $ 5,826  $ 5,286  $ 5,694 
Provision for (reversal of) foreclosure losses 1,115  (496) 3,493  (104)
Realized losses, net
 (773) (523) (1,506) (783)
Balance — end of period $ 7,273  $ 4,807  $ 7,273  $ 4,807