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Advances (Tables)
 6 Months Ended
Jun. 30, 2025
Advances [Abstract]  
Schedule of Advances Paid on Behalf of Borrowers or on Foreclosed Properties
The following table presents the composition of servicing advances by type:
 June 30, 2025December 31, 2024
Principal and interest$131.2 $150.1 
Taxes and insurance211.9 314.2 
Foreclosures, bankruptcy, REO and other (1)
124.6 120.3 
Total advances, before allowance for losses467.8 584.6 
Allowance for losses(6.4)(7.4)
Advances, net$461.4 $577.2 
(1)     No state represented a balance exceeding 5% of the total advances (based on the underlying property location of the related mortgage loans), except for the state of New York with $29.4 million.
The following table presents the composition of servicing advances by investor:
 June 30, 2025December 31, 2024
GSE
$43.9 $94.0 
Ginnie Mae
51.6 70.6 
Non-Agency
365.9 412.6 
Advances, net$461.4 $577.2 
Schedule of Activity in Advances
The following table summarizes the activity in net advances:
Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Beginning balance - before Allowance for Losses$521.5 $610.5 $584.6 $686.1 
New advances195.7 204.2 395.6 403.6 
Transfer from (to) Receivables
(0.7)2.1 (0.2)5.0 
Sales of advances (0.4)(8.3)(0.7)(9.3)
Acquisition of advances in connection with the purchase of MSRs0.9 — 3.4 — 
Transfer to Loans held for sale (incl. capitalization upon Ginnie Mae modifications)
(5.4)(2.8)(10.2)(4.9)
Collections of advances and other (244.0)(246.2)(504.8)(520.9)
Ending balance - before Allowance for Losses467.8 559.5 467.8 559.5 
Beginning balance - Allowance for Losses(7.5)$(7.7)(7.4)(7.3)
Provision expense(1.0)(4.2)(3.1)(7.1)
Net charge-offs and other 2.1 3.0 4.1 5.5 
Ending balance - Allowance for Losses(6.4)(8.9)(6.4)(8.9)
Ending balance, net$461.4 $550.6 $461.4 $550.6