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Mortgage Banking Activities, Net (Tables) | 9 Months Ended
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Sep. 30, 2020
Mortgage Banking [Abstract] |
Mortgage Banking Activities | The following table presents the components of Mortgage banking activities, net, recorded in our consolidated statements of income (loss) for the three and nine months ended September 30, 2020 and 2019. Table 19.1 – Mortgage Banking Activities
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In Thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Residential Mortgage Banking Activities, Net |  |  |  |  |  |  |  |
Changes in fair value of: |  |  |  |  |  |  |  |
Residential loans, at fair value (1) |  | $ | 12,589 |  |  | $ | 6,320 |  |  | $ | 19,151 |  |  | $ | 41,431 |
Risk management derivatives (2) |  | (10) |  |  | (1,710) |  |  | (31,304) |  |  | (11,608) |
Other income (expense), net (3) |  | (715) |  |  | 407 |  |  | (7,069) |  |  | 1,380 |
Total residential mortgage banking activities, net |  | 11,864 |  |  | 5,017 |  |  | (19,222) |  |  | 31,203 |
Business Purpose Mortgage Banking Activities, Net: |  |  |  |  |  |  |  |
Changes in fair value of: |  |  |  |  |  |  |  |
Single-family rental loans, at fair value (1) |  | 43,191 |  |  | 1,847 |  |  | 56,209 |  |  | 5,473 |
Risk management derivatives (2) |  | (89) |  |  | (1,262) |  |  | (21,627) |  |  | (3,779) |
Residential bridge loans, at fair value |  | 938 |  |  | 1,010 |  |  | (4,256) |  |  | 2,108 |
Other income, net (4) |  | 3,491 |  |  | 2,903 |  |  | 13,407 |  |  | 5,979 |
Total business purpose mortgage banking activities, net |  | 47,531 |  |  | 4,498 |  |  | 43,733 |  |  | 9,781 |
Mortgage Banking Activities, Net |  | $ | 59,395 |  |  | $ | 9,515 |  |  | $ | 24,511 |  |  | $ | 40,984 |
(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, provisions for repurchases expense, and expense related to resolving residential loan seller demands, presented net. (4)Amounts in this line item include other fee income from loan originations.

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- Definition Tabular disclosure of the components of mortgage banking activities, net. This includes market valuations related to residential and commercial loans, retained Sequoia IOs, and mortgage banking derivatives, as well as realized gains or losses associated with residential and commercial loan sales and securitizations. + References No definition available. + Details
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- References No definition available. + Details
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