XML 21 R11.htm IDEA: XBRL DOCUMENT v3.24.3
ADVANCES, NET
9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
ADVANCES, NET
Advances, net consisted of the following:
(in thousands)
September 30,
2024
December 31,
2023
Trust advances$32,076 $44,487 
Foreclosure advances
22,910 25,955 
Foreclosure loss reserve
(4,894)(5,694)
Total advances, net$50,092 $64,748 
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
September 30,
Nine Months Ended
September 30,
(in thousands)
2024202320242023
Balance — beginning of period$4,807 $6,659 $5,694 $8,698 
Provision for foreclosure losses
613 84 509 554 
Realized losses, net
(526)(549)(1,309)(3,058)
Balance — end of period$4,894 $6,194 $4,894 $6,194