Annual report pursuant to Section 13 and 15(d)

ACCOUNTS AND INTEREST RECEIVABLE

v3.22.4
ACCOUNTS AND INTEREST RECEIVABLE
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
ACCOUNTS AND INTEREST RECEIVABLE ACCOUNTS AND INTEREST RECEIVABLE
Accounts and interest receivable consisted of the following at December 31, 2022 and 2021:
  2022 2021
Trust advances $ 44,164  $ 43,660 
Foreclosure advances, net 12,320  19,311 
Receivables related to loan sales 562  3,043 
Other 1,258  2,345 
Total accounts and interest receivable $ 58,304  $ 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 for the years ended December 31, 2022 and 2021:
  2022 2021
Balance — beginning of year $ 10,355  $ 12,402 
Utilization of foreclosure reserve (1,957) (1,529)
Provision for (reversal of) foreclosure losses 300  (518)
Balance — end of year $ 8,698  $ 10,355