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Advances (Tables)
 12 Months Ended
Dec. 31, 2024
Advances [Abstract]  
Schedule of Advance Payments by Financial Institution on Foreclosed Properties
The following table presents the composition of servicing advances by type:
December 31,
 20242023
Principal and interest$150.1 $212.5 
Taxes and insurance314.2 343.3 
Foreclosures, bankruptcy, REO and other (1)
120.3 130.3 
Total advances, before allowance for losses584.6 686.1 
Allowance for losses(7.4)(7.3)
Advances, net$577.2 $678.8 
(1) Balance at December 31, 2024 includes servicing advances of $32.8 million (New York), $8.9 million (Florida), $8.5 million (California), $5.8 million (New Jersey) and 5.3 million (Pennsylvania) based on the underlying property location of the related mortgage loans.
The following table presents the composition of servicing advances by investor:
December 31,
 20242023
GSE$94.0 $100.8 
Ginnie Mae70.6 60.2 
Non-Agency412.6 517.7 
Advances, net$577.2 $678.8 
Schedule of Activity in Advances
The following table summarizes the activity in net advances:
Years Ended December 31,
202420232022
Beginning balance - before Allowance for Losses$686.1 $725.1 $779.5 
New advances927.5 779.8 784.8 
Transfer from (to) Receivables8.3 14.7 6.5 
Sales of advances
(14.2)(6.3)(2.9)
Acquisition of advances in connection with the purchase of MSRs
0.8 42.2 — 
Transfer to Loans held for sale (capitalization upon Ginnie Mae modifications)
(9.3)(6.4)(18.1)
Collections of advances and other
(1,014.5)(863.0)(824.7)
Ending balance - before Allowance for Losses584.6 686.1 725.1 
Beginning balance - Allowance for Losses$(7.3)$(6.2)$(7.0)
Provision expense
(7.3)(8.5)(7.2)
Net charge-offs and other
7.2 7.3 8.0 
Ending balance - Allowance for Losses(7.4)(7.3)(6.2)
Ending balance, net$577.2 $678.8 $718.9 
Schedule of Change in Allowance for Losses