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Mortgage Banking Activities, Net
 3 Months Ended
Mar. 31, 2019
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, 2019 and 2018.
Table 19.1 – Mortgage Banking Activities
 
 
Three Months Ended March 31,
(In Thousands)
 
2019
 
2018
Residential Mortgage Banking Activities, Net
 
 
 
 
Changes in fair value of:
 
 
 
 
Residential loans, at fair value (1)
 
$
14,844

 
$
(2,194
)
Risk management derivatives (2)
 
(4,138
)
 
28,432

Other income, net (3)
 
121

 
338

Total residential mortgage banking activities, net
 
10,827

 
26,576

 
 
 
 
 
Business Purpose Mortgage Banking Activities, Net:
 
 
 
 
Changes in fair value of:
 
 
 
 
Single-family rental loans, at fair value (1)
 
1,744

 
—

Risk management derivatives (2)
 
(846
)
 
—

Residential bridge loans, at fair value
 
86

 
—

Other income, net (4)
 
498

 
—

Total business purpose mortgage banking activities, net
 
1,482

 
—

Mortgage Banking Activities, Net
 
$
12,309

 
$
26,576

(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.
(4)
Amounts in this line item include other fee income from loan originations.