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v3.21.1

Advances | 3 Months Ended
--- | ---
Mar. 31, 2021
Advances [Abstract] |
Advances |
Note 6 – Advances
| March 31, 2021 |  | December 31, 2020
Principal and interest | $ | 258,428 |  |  | $ | 277,132 |
Taxes and insurance | 348,659 |  |  | 364,593 |
Foreclosures, bankruptcy, REO and other | 185,750 |  |  | 192,787 |
| 792,837 |  |  | 834,512 |
Allowance for losses | (6,159) |  |  | (6,273) |
Advances, net | $ | 786,678 |  |  | $ | 828,239 |
The following table summarizes the activity in net advances:
| Three Months Ended March 31,
| 2021 |  | 2020
Beginning balance | $ | 828,239 |  |  | $ | 1,056,523 |
New advances | 203,400 |  |  | 243,545 |
Sales of advances | (133) |  |  | (228) |
Collections of advances and other | (244,942) |  |  | (277,585) |
Net decrease in allowance for losses | 114 |  |  | 2,552 |
Ending balance | $ | 786,678 |  |  | $ | 1,024,807 |
Allowance for Losses | Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Beginning balance | $ | 6,273 |  |  | $ | 9,925 |  |  |  |  |
Provision | 1,502 |  |  | (761) |  |  |  |  |
Net charge-offs and other | (1,616) |  |  | (1,791) |  |  |  |  |
Ending balance | $ | 6,159 |  |  | $ | 7,373 |  |  |  |  |

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- Definition Advances [Abstract] + References No definition available. + Details
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- Definition Disclosure of non-interest-bearing advances made on behalf of borrowers or on foreclosed properties. Includes receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Also includes receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors. + References No definition available. + Details
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