Advances

3 Months Ended

Mar. 31, 2023


Note 6 – Advances


	March 31, 2023		December 31, 2022
Principal and interest	$	204.5	$	215.5
Taxes and insurance	320.2		367.5
Foreclosures, bankruptcy, REO and other	138.4		142.1
	663.1		725.1
Allowance for losses	(6.2)		(6.2)
Advances, net	$	656.9	$	718.9

The following table summarizes the activity in net advances:


	Three Months Ended March 31,
	2023			2022
Beginning balance - before Allowance for Losses	$	725.1		$	779.5



New advances	188.9			197.3
Transfer from Receivables	8.9		1.6	—
Sales of advances	(4.2)			(0.6)
Collections of advances and other	(255.6)			(239.2)


Ending balance - before Allowance for Losses	663.1			736.9

Beginning balance - Allowance for Losses	$	(6.2)		$	(7.0)
Provision expense	(1.7)			(1.8)
Net charge-offs and other	1.7			1.9
Ending balance - Allowance for Losses	(6.2)			(6.9)

Ending balance, net	$	656.9		$	730.0