Quarterly report pursuant to Section 13 or 15(d)

Accounts and Interest Receivable

v3.22.2
Accounts and Interest Receivable
 6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
ACCOUNTS AND INTEREST RECEIVABLE ACCOUNTS AND INTEREST RECEIVABLE
Accounts and interest receivable consisted of the following:
  June 30, 2022 December 31, 2021
Trust advances $ 21,671  $ 43,660 
Foreclosure advances, net 1,903  19,311 
Receivables related to loan sales, net (621) 3,043 
Other 564  2,345 
Total accounts and interest receivable $ 23,517  $ 68,359 
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 June 30, Six Months Ended
June 30,
  2022 2021 2022 2021
Balance — beginning of period $ 10,271  $ 13,350  $ 10,355  $ 12,402 
Utilization of foreclosure reserve (1,070) (118) (833) (1,631)
Provision (relief) charged to operations 1,796  (442) 1,475  2,019 
Balance — end of period $ 10,997  $ 12,790  $ 10,997  $ 12,790