Advances

3 Months Ended

Mar. 31, 2024


Note 6 – Advances


	March 31, 2024		December 31, 2023
Principal and interest	$	190.1	$	212.5
Taxes and insurance	295.2		343.3
Foreclosures, bankruptcy, REO and other	125.1		130.3
	610.5		686.1
Allowance for losses	(7.7)		(7.3)
Advances, net	$	602.7	$	678.8

The following table summarizes the activity in net advances:


	Three Months Ended March 31,
	2024		2023
Beginning balance - before Allowance for Losses	$	686.1	$	725.1



New advances	199.4		188.9
Transfer from (to) Receivables	2.9		8.9
Sales of advances	(1.0)		(4.2)
Collections of advances and other	(276.9)		(255.6)


Ending balance - before Allowance for Losses	610.5		663.1

Beginning balance - Allowance for Losses	(7.3)		$	(6.2)
Provision expense	(2.9)		(1.7)
Net charge-offs and other	2.5		1.7
Ending balance - Allowance for Losses	(7.7)		(6.2)

Ending balance, net	$	602.7	$	656.9