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Loans Held for Sale
 9 Months Ended
Sep. 30, 2019
Receivables Held-for-sale [Abstract]  
Loans Held for Sale LOANS HELD FOR SALE
The composition of loans held for sale as of September 30, 2019 and December 31, 2018 was as follows:
 September 30, 2019December 31, 2018
(amounts in thousands)
Commercial loans:
Multi-family loans, at lower of cost or fair value$499,774  $—  
Total commercial loans held for sale499,774  —  
Consumer loans:
Home equity conversion mortgages, at lower of cost or fair value1,325  —  
Residential mortgage loans, at fair value1,755  1,507  
Total consumer loans held for sale3,080  1,507  
Loans held for sale$502,854  $1,507  
Effective September 30, 2019, Customers transferred $499.8 million of multi-family loans from loans receivable (held for investment) to loans held for sale. Customers transferred these loans at their carrying value, which was lower than the estimated fair value at the time of transfer.