Advances

12 Months Ended

Dec. 31, 2022

Note 6 — Advances


	December 31,
	2022		2021
Principal and interest	$	215.5	$	228.0
Taxes and insurance	367.5		381.0
Foreclosures, bankruptcy, REO and other	142.1		170.4
	725.1		779.5
Allowance for losses	(6.2)		(7.0)
Advances, net	$	718.9	$	772.4

The following table summarizes the activity in net advances:


	Years Ended December 31,
	2022		2021		2020
Beginning balance - before Allowance for Losses	$	779.5	$	834.5	$	1,066.4
New advances	784.8		831.2		890.4
Transfer from (to) Receivables	6.5		(3.7)		(2.5)
Sales of advances	(2.9)		(1.3)		(0.8)
Asset acquisition	—		6.9		—
Collections of advances and other	(842.8)		(888.2)		(1,119.0)


Ending balance - before Allowance for Losses	725.1		779.5		834.5

Beginning balance - Allowance for Losses	$	(7.0)	$	(6.3)	$	(9.9)

Provision expense	(7.2)		(8.1)		(7.8)
Net charge-offs and other	8.0		7.4		11.4
Ending balance - Allowance for Losses	(6.2)		(7.0)		(6.3)

Ending balance, net	$	718.9	$	772.4	$	828.2