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Mortgage Banking Activities (Tables)
 12 Months Ended
Dec. 31, 2018
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 statements of income for the years ended December 31, 2018, 2017, and 2016.
Table 19.1 – Mortgage Banking Activities
 
 
Years Ended December 31,
(In Thousands)
 
2018
 
2017
 
2016
Residential Mortgage Banking Activities, Net
 
 
 
 
 
 
Changes in fair value of:
 
 
 
 
 
 
Residential loans, at fair value (1)
 
$
21,808

 
$
69,373

 
$
31,399

Single-family rental loans, at fair value (1)
 
453

 
—

 
—

Sequoia securities
 
—

 
—

 
1,455

Risk management derivatives (2)
 
34,739

 
(17,529
)
 
5,696

Other income (expense), net (3)
 
2,566

 
2,064

 
2,203

Total residential mortgage banking activities, net
 
59,566

 
53,908

 
40,753

Commercial Mortgage Banking Activities, Net
 
—

 
—

 
(2,062
)
Mortgage Banking Activities, Net
 
$
59,566

 
$
53,908

 
$
38,691


(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 loans.
(3)
Amounts in this line item include other fee income from loan acquisitions and the provision for repurchases expense, presented net.