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Advances | 9 Months Ended
--- | ---
Sep. 30, 2021
Advances [Abstract] |
Advances |
Note 6 – Advances
| September 30, 2021 |  | December 31, 2020
Principal and interest | $ | 238,071 |  |  | $ | 277,132 |
Taxes and insurance | 331,013 |  |  | 364,593 |
Foreclosures, bankruptcy, REO and other | 177,189 |  |  | 192,787 |
| 746,273 |  |  | 834,512 |
Allowance for losses | (6,677) |  |  | (6,273) |
Advances, net | $ | 739,596 |  |  | $ | 828,239 |
The following table summarizes the activity in net advances:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Beginning balance - before Allowance for Losses | $ | 768,864 |  |  | $ | 908,829 |  |  | $ | 834,512 |  |  | $ | 1,066,448 |
Acquisition of advances in connection with the purchase of MSRs | — |  |  | 14 |  |  | 4,495 |  |  | 14 |
New advances | 181,567 |  |  | 198,549 |  |  | 565,284 |  |  | 667,577 |
Sales of advances | (80) |  |  | (150) |  |  | (328) |  |  | (604) |
Collections of advances and other | (204,078) |  |  | (268,560) |  |  | (657,690) |  |  | (894,753) |
Ending balance - before Allowance for Losses | 746,273 |  |  | 838,682 |  |  | 746,273 |  |  | 838,682 |
Beginning balance - Allowance for Losses | $ | (6,891) |  |  | $ | (7,820) |  |  | $ | (6,273) |  |  | $ | (9,925) |
Provision | (1,581) |  |  | (2,173) |  |  | (5,478) |  |  | (5,944) |
Net charge-offs and other | 1,795 |  |  | 3,915 |  |  | 5,074 |  |  | 9,791 |
Ending balance - Allowance for Losses | (6,677) |  |  | (6,078) |  |  | (6,677) |  |  | (6,078) |
Ending balance, net | $ | 739,596 |  |  | $ | 832,604 |  |  | $ | 739,596 |  |  | $ | 832,604 |

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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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