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Mortgage Banking Activities | 12 Months Ended
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Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Mortgage Banking Activities | Mortgage Banking Activities The following table presents the components of Mortgage banking activities, net, recorded in our consolidated statements of income for the years ended December 31, 2019, 2018, and 2017. Table 19.1 – Mortgage Banking Activities
|  | Years Ended December 31,
(In Thousands) |  | 2019 |  | 2018 |  | 2017
Residential Mortgage Banking Activities, Net |  |  |  |  |  |
Changes in fair value of: |  |  |  |  |  |
Residential loans, at fair value (1) |  | $ | 63,527 |  |  | $ | 21,808 |  |  | $ | 69,373 |
Risk management derivatives (2) |  | (17,519 | ) |  | 35,248 |  |  | (17,529 | )
Other income (3) |  | 1,735 |  |  | 2,567 |  |  | 2,064 |
Total residential mortgage banking activities, net |  | 47,743 |  |  | 59,623 |  |  | 53,908 |
Business Purpose Mortgage Banking Activities, Net |  |  |  |  |  |
Changes in fair value of: |  |  |  |  |  |
Single-family rental loans, at fair value (1) |  | 17,004 |  |  | 453 |  |  | — |
Risk management derivatives (2) |  | 1,796 |  |  | (510 | ) |  | — |
Residential bridge loans, at fair value |  | 4,518 |  |  | — |  |  | — |
Other income (4) |  | 16,205 |  |  | — |  |  | — |
Total business purpose mortgage banking activities, net |  | 39,523 |  |  | (57 | ) |  | — |
Mortgage Banking Activities, Net |  | $ | 87,266 |  |  | $ | 59,566 |  |  | $ | 53,908 |
(1) | For residential loans, includes changes in fair value for associated loan purchase and forward sale commitments. For single-family rental loans, includes changes in fair value for associated interest rate lock 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.

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- Definition The entire disclosure for Mortgage Banking Activities, Net. Mortgage banking activities include the components of the contribution to net income from our residential and commercial loan business activities. This includes valuation changes related to residential and commercial loans and the derivatives used to manage certain risks associated with the residential and commercial loans we own or plan to acquire and securitize, valuation changes of retained Sequoia IO securities, and gains from mortgage loan sales. + References No definition available. + Details
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