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Mortgage Banking Activities, Net (Tables)
 9 Months Ended
Sep. 30, 2018
Mortgage Banking [Abstract]  
Mortgage Banking Activities
The following table presents the components of Mortgage banking activities, net, recorded in our consolidated statements of income for the three and nine months ended September 30, 2018 and 2017.
Table 18.1 – Mortgage Banking Activities
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In Thousands)
 
2018
 
2017
 
2018
 
2017
Mortgage Banking Activities, Net
 
 
 
 
 
 
 
 
Changes in fair value of:
 
 
 
 
 
 
 
 
Residential loans, at fair value (1)
 
$
7,236

 
$
28,135

 
$
8,406

 
$
63,122

Single-family rental loans, at fair value (1)
 
(121
)
 
—

 
(121
)
 
—

Risk management derivatives (2)
 
3,796

 
(7,077
)
 
38,378

 
(13,787
)
Other income, net (3)
 
313

 
142

 
1,733

 
1,515

Mortgage Banking Activities, Net
 
$
11,224

 
$
21,200

 
$
48,396

 
$
50,850

(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.