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Capitalized Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2018

Capitalized Mortgage Servicing Rights

Summary of capitalized MSR activity

A summary of our capitalized MSR activity is as follows (in thousands):

		Three Months Ended September 30, 2018									Nine Months Ended September 30, 2018
		Acquired			Originated			Total			Acquired			Originated				Total
Balance at beginning of period		$	120,017		$	137,004		$	257,021		$	143,270		$	109,338		$	252,608
Additions			—			21,368			21,368			—			59,660			59,660
Amortization			(7,052)			(4,786)			(11,838)			(22,564)			(13,075)			(35,639)
Write-downs and payoffs			(4,419)			(2,731)			(7,150)			(12,160)			(5,068)			(17,228)
Balance at end of period		$	108,546		$	150,855		$	259,401		$	108,546		$	150,855		$	259,401

		Three Months Ended September 30, 2017									Nine Months Ended September 30, 2017
Balance at beginning of period		$	168,189		$	74,894		$	243,083		$	194,801		$	32,942		$	227,743
Additions			—			20,720			20,720			—			66,273			66,273
Amortization			(8,952)			(2,759)			(11,711)			(29,074)			(6,353)			(35,427)
Write-downs and payoffs			(4,194)			(22)			(4,216)			(10,684)			(29)			(10,713)
Balance at end of period		$	155,043		$	92,833		$	247,876		$	155,043		$	92,833		$	247,876

Schedule of expected amortization of capitalized MSRs recorded

Actual amortization may vary from these estimates.

Year		Amortization
2018 (three months ending 12/31/2018)		$	12,000
2019			45,946
2020			41,383
2021			34,919
2022			28,357
2023			23,850
Thereafter			72,946
Total		$	259,401

X

- Definition

Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=68078379&loc=d3e122739-111746

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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- References

No definition available.

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