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MORTGAGE SERVICING RIGHTS (Tables) | 12 Months Ended
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Dec. 31, 2022
Transfers and Servicing [Abstract] |
Presentation of Activity Related to MSR | The following table presents activity related to MSR and Interests in MSR for the years ended December 31, 2022 and 2021:
Mortgage Servicing Rights | December 31, 2022 |  | December 31, 2021
| (dollars in thousands)
Fair value, beginning of period | $ | 544,562 |  |  | $ | 100,895 |
Purchases (1) | 1,009,351 |  |  | 468,196 |
Transfers (2) | 82,650 |  |  | — |
Sales | (9,084) |  |  | (82,176) |
Change in fair value due to |
Changes in valuation inputs or assumptions (3) | 205,463 |  |  | 120,879 |
Other changes, including realization of expected cash flows | (84,733) |  |  | (63,232) |
Fair value, end of period | $ | 1,748,209 |  |  | $ | 544,562 |
(1) Includes adjustments to original purchase price from early payoffs, defaults, or loans that were delivered but were deemed to not be acceptable. (2) Transfers from Interests in MSR - Refer to the “Variable Interest Entities” Note for additional information. (3) Principally represents changes in discount rates and prepayment speed inputs used in valuation model, primarily due to changes in interest rates.
Interests in MSR | December 31, 2022 | December 31, 2021 |  |
| (dollars in thousands) |  |
Beginning balance | $ | 69,316 |  | $ | — |  |  |
Purchases (1) | 4,860 |  | 65,107 |  |  |
Transfers (2) | (82,650) |  | — |  |  |
Gain (loss) included in net income | 8,474 |  | 4,209 |  |  |
Ending balance December 31, 2022 | $ | — |  | $ | 69,316 |  |  |
(1) Includes adjustments to original purchase price from early payoffs, defaults, or loans that were delivered but were deemed to not be acceptable. (2) Transfers to MSR - Refer to the “Variable Interest Entities” Note for additional information |  |

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- Definition Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 + Details
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Period Type: | duration

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- References No definition available. + Details
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