Advances

12 Months Ended

Dec. 31, 2023

Note 6 — Advances


	December 31,
	2023		2022
Principal and interest	$	212.5	$	215.5
Taxes and insurance	343.3		367.5
Foreclosures, bankruptcy, REO and other	130.3		142.1
	686.1		725.1

Allowance for losses	(7.3)		(6.2)
Advances, net	$	678.8	$	718.9

The following table summarizes the activity in net advances:


	Years Ended December 31,
	2023		2022		2021
Beginning balance - before Allowance for Losses	$	725.1	$	779.5	$	834.5
New advances	779.8		784.8		831.2
Transfer from (to) Receivables	14.7		6.5		(3.7)
Sales of advances	(6.3)		(2.9)		(1.3)
Asset acquisition	42.2		—		6.9
Collections of advances and other	(869.4)		(842.8)		(888.2)


Ending balance - before Allowance for Losses	686.1		725.1		779.5

Beginning balance - Allowance for Losses	$	(6.2)	$	(7.0)	$	(6.3)

Provision expense	(8.5)		(7.2)		(8.1)
Net charge-offs and other	7.3		8.0		7.4
Ending balance - Allowance for Losses	(7.3)		(6.2)		(7.0)

Ending balance, net	$	678.8	$	718.9	$	772.4