XML 69 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
Mortgage Banking Activities (Tables)
 3 Months Ended
Mar. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Components of Mortgage Banking Activities, Net
The following table presents the components of mortgage banking activities, net, recorded in our consolidated income statements for the three months ended March 31, 2015 and 2014.
 
 
Three Months Ended March 31,
(In Thousands)
 
2015
 
2014
Residential mortgage banking activities:
 
 
 
 
Changes in fair value of:
 
 
 
 
Residential loans, at fair value (1)
 
$
20,312

 
$
7,045

Sequoia IO securities
 
(14,359
)
 
(4,277
)
Risk management derivatives (2)
 
(4,371
)
 
(4,278
)
Other (3)
 
633

 
446

Total residential mortgage banking activities:
 
2,215

 
(1,064
)
 
 
 
 
 
Commercial mortgage banking activities:
 
 
 
 
Changes in fair value of:
 
 
 
 
Commercial loans, at fair value
 
5,857

 
3,626

Risk management derivatives (2)
 
(6,212
)
 
(2,803
)
Other (3)
 
63

 
10

Total commercial mortgage banking activities:
 
(292
)
 
833

Mortgage banking activities
 
$
1,923

 
$
(231
)

(1)
Includes changes in fair value for loan purchase and forward sale commitments.
(2)
Represents market valuation changes of derivatives that are used to manage risks associated with our accumulation of residential and commercial loans.
(3)
Amounts in this line item include other fee income from loan acquisitions and the provision for repurchases expense, presented net.