Advances

6 Months Ended

Jun. 30, 2023


Note 6 – Advances


	June 30, 2023		December 31, 2022
Principal and interest	$	202.6	$	215.5
Taxes and insurance	271.4		367.5
Foreclosures, bankruptcy, REO and other	136.0		142.1
	610.0		725.1
Allowance for losses	(7.4)		(6.2)
Advances, net	$	602.7	$	718.9

The following table summarizes the activity in net advances:


	Three Months Ended June 30,					Six Months Ended June 30,
	2023			2022		2023		2022
Beginning balance - before Allowance for Losses	$	663.1		$	736.9	$	725.1	$	779.5



New advances	146.5			190.0		335.3		387.3
Transfer from Receivables	2.2		1.6	—		11.1		—
Sales of advances	(0.6)			(0.2)		(4.9)		(0.8)
Collections of advances and other	(201.1)			(272.9)		(456.6)		(512.1)


Ending balance - before Allowance for Losses	610.0			653.8		610.0		653.8

Beginning balance - Allowance for Losses	$	(6.2)		$	(6.9)	(6.2)		(7.0)
Provision expense	(2.8)			(2.1)		(4.6)		(3.9)
Net charge-offs and other	1.6			2.4		3.4		4.3
Ending balance - Allowance for Losses	(7.4)			(6.6)		(7.4)		(6.6)

Ending balance, net	$	602.7		$	647.2	$	602.7	$	647.2