Advances

3 Months Ended

Mar. 31, 2022


Note 6 – Advances


	March 31, 2022		December 31, 2021
Principal and interest	$	222,815	$	228,041
Taxes and insurance	355,288		381,025
Foreclosures, bankruptcy, REO and other	158,767		170,385
	736,870		779,451
Allowance for losses	(6,897)		(7,018)
Advances, net	$	729,973	$	772,433

The following table summarizes the activity in net advances:


	Three Months Ended March 31,
	2022		2021
Beginning balance - before Allowance for Losses	$	779,451	$	834,512



New advances	197,252		203,400
Sales of advances	(641)		(133)
Collections of advances and other	(239,192)		(244,942)


Ending balance - before Allowance for Losses	736,870		792,837

Beginning balance - Allowance for Losses	$	(7,018)	$	(6,273)
Provision expense	(1,764)		(1,502)
Net charge-offs and other	1,886		1,616
Ending balance - Allowance for Losses	(6,897)		(6,159)

Ending balance, net	$	729,973	$	786,678