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Mortgage Banking Activities, Net
 3 Months Ended
Mar. 31, 2018
Mortgage Banking [Abstract]  
Mortgage Banking Activities, Net
Mortgage Banking Activities, Net
The following table presents the components of Mortgage banking activities, net, recorded in our consolidated statements of income for the three months ended March 31, 2018 and 2017.
Table 17.1 – Mortgage Banking Activities
 
 
Three Months Ended March 31,
(In Thousands)
 
2018
 
2017
Mortgage Banking Activities, Net
 
 
 
 
Changes in fair value of:
 
 
 
 
Residential loans, at fair value (1)
 
$
(2,194
)
 
$
18,797

Risk management derivatives (2)
 
28,432

 
(1,400
)
Other income, net (3)
 
338

 
207

Mortgage Banking Activities, Net
 
$
26,576

 
$
17,604

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