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NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (VIEs) AND SERVICING ASSETS [Abstract]  
Changes in Servicing Assets [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
Ended December 31,
 
2024
2023
2022
(In thousands)
Balance at beginning of year
$
26,941
$
29,037
30,986
Capitalization of servicing assets
2,342
2,240
3,122
Amortization
(4,175)
(4,322)
(4,978)
Temporary impairment
 
(charges) recoveries
(44)
12
66
Other
(1)
(45)
(26)
(159)
Balance at end of year
$
25,019
$
26,941
29,037
(1)
Mainly represents adjustments related to the repurchase
 
of loans serviced for others.
Changes in Impairment Allowance [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
Ended December 31,
2024
2023
2022
(In thousands)
Balance at beginning of year
$
-
$
12
$
78
Temporary impairment
 
charges (recoveries)
44
(12)
(66)
 
Balance at end of year
$
44
$
-
$
12
Components of Net Servicing Income [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
Ended December 31,
2024
2023
2022
(In thousands)
Servicing fees
$
10,315
$
10,595
$
11,096
Late charges and prepayment penalties
710
708
823
Other
(1)
(45)
(26)
(159)
 
Servicing income, gross
10,980
11,277
11,760
Amortization and impairment of servicing assets
(4,219)
(4,310)
(4,912)
 
Servicing income, net
$
6,761
$
6,967
$
6,848
(1) Mainly represents adjustments related to the repurchase
 
of loans serviced for others.
Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average
Maximum
Minimum
Year Ended
 
December 31, 2024
Constant prepayment rate:
 
 
Government-guaranteed mortgage loans
6.7
%
17.1
%
3.0
%
 
Conventional conforming mortgage loans
6.8
%
20.6
%
2.1
%
 
Conventional non-conforming mortgage loans
6.2
%
8.0
%
2.8
%
Discount rate:
 
Government-guaranteed mortgage loans
11.5
%
11.5
%
11.5
%
 
Conventional conforming mortgage loans
9.5
%
9.5
%
9.5
%
 
Conventional non-conforming mortgage loans
11.4
%
12.5
%
11.0
%
Year Ended
 
December 31, 2023
Constant prepayment rate:
 
 
Government-guaranteed mortgage loans
6.6
%
18.0
%
3.8
%
 
Conventional conforming mortgage loans
7.3
%
16.9
%
2.4
%
 
Conventional non-conforming mortgage loans
6.0
%
9.0
%
2.1
%
Discount rate:
 
Government-guaranteed mortgage loans
11.5
%
11.5
%
11.5
%
 
Conventional conforming mortgage loans
9.5
%
10.0
%
9.5
%
 
Conventional non-conforming mortgage loans
12.6
%
14.0
%
11.0
%
Year Ended
 
December 31, 2022
Constant prepayment rate:
 
 
Government-guaranteed mortgage loans
6.7
%
18.3
%
4.8
%
 
Conventional conforming mortgage loans
7.4
%
18.4
%
3.4
%
 
Conventional non-conforming mortgage loans
6.0
%
21.9
%
3.6
%
Discount rate:
 
Government-guaranteed mortgage loans
11.7
%
12.0
%
11.5
%
 
Conventional conforming mortgage loans
9.7
%
10.0
%
9.5
%
 
Conventional non-conforming mortgage loans
12.5
%
14.5
%
11.5
%
Weighted-Averages of Key Economic Assumptions in Valuation Model [Table Text Block]
The weighted
 
averages of the
 
key economic
 
assumptions that the
 
Corporation used
 
in its valuation
 
model and the
 
sensitivity of the
current
 
fair
 
value
 
to
 
immediate
10
%
 
and
20
%
 
adverse
 
changes
 
in
 
those
 
assumptions
 
for
 
mortgage
 
loans
 
were
 
as
 
follows
 
as
 
of
 
the
indicated dates:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2024
December 31, 2023
(In thousands)
Carrying amount of servicing assets
$
25,019
$
26,941
Fair value
$
43,046
$
45,244
Weighted-average
 
expected life (in years)
7.63
7.79
Constant prepayment rate (weighted-average annual
 
rate)
6.34
%
6.27
%
 
Decrease in fair value due to 10% adverse change
$
858
$
886
 
Decrease in fair value due to 20% adverse change
$
1,675
$
1,731
Discount rate (weighted-average annual rate)
10.72
%
10.68
%
 
Decrease in fair value due to 10% adverse change
$
1,815
$
1,927
 
Decrease in fair value due to 20% adverse change
$
3,495
$
3,712