Quarterly report pursuant to Section 13 or 15(d)

Accounts and Interest Receivable

v3.21.2
Accounts and Interest Receivable
 9 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
Accounts and Interest Receivable ACCOUNTS AND INTEREST RECEIVABLE
Accounts and interest receivable consisted of the following:
  September 30, 2021 December 31, 2020
Trust advances $ 28,570  $ 36,241 
Foreclosure advances, net 14,399  2,894 
Receivables related to loan sales 2,396  2,707 
Other 6,815  1,548 
Total accounts and interest receivable $ 52,180  $ 43,390 
Management has established a foreclosure reserve for estimated uncollectible balances of the foreclosure and trust advances. Management believes that substantially all other accounts and interest receivable amounts are collectible and, accordingly, no allowance for doubtful accounts is necessary.
The activity of the foreclosure loss reserve was as follows:
Three Months Ended September 30, Nine Months Ended September 30,
  2021 2020 2021 2020
Balance — beginning of period $ 12,790  $ 8,342  $ 12,402  $ 7,869 
Utilization of foreclosure reserve 204  (975) (1,427) (2,362)
Provision (relieved) charged to operations (2,325) 547  (306) 2,407 
Balance — end of period $ 10,669  $ 7,914  $ 10,669  $ 7,914