v3.25.1
ADVANCES, NET
3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
ADVANCES, NET
NOTE 3—ADVANCES, NET
Advances, net consisted of the following:
(in thousands)
March 31,
2025
December 31,
2024
Trust advances$46,576 $65,048 
Foreclosure advances
25,500 25,761 
Foreclosure loss reserve
(6,931)(5,286)
Total advances, net$65,145 $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
March 31,
(in thousands)
20252024
Balance — beginning of period$5,286 $5,694 
Provision for foreclosure losses2,378 392 
Realized losses, net
(733)(260)
Balance — end of period$6,931 $5,826