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Loans Held for Sale (Tables) | 9 Months Ended
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Sep. 30, 2014
Receivables [Abstract] |
Schedule of Loans Held for Sale Fair Value | The following table summarizes the activity in the balance of Loans held for sale, at fair value, during the nine months ended September 30:
| 2014 |  | 2013
Beginning balance | $ | 503,753 |  |  | $ | 426,480 |
Originations and purchases | 3,923,870 |  |  | 5,988,501 |
Proceeds from sales | (4,010,644 | ) |  | (6,033,785 | )
Transfers to loans held for investment - reverse mortgages | (110,874 | ) |  | — |
Gain (loss) on sale of loans | 39,486 |  |  | (46,962 | )
Other | (9,641 | ) |  | 868 |
Ending balance | $ | 335,950 |  |  | $ | 335,102 |
Schedule of Loans Held For Sale At Lower Cost Or Fair Value, Activity | The following table summarizes the activity in the balance of Loans held for sale, at lower of cost or fair value, during the nine months ended September 30:
| 2014 |  | 2013
Beginning balance | $ | 62,907 |  |  | $ | 82,866 |
Purchases | 2,083,282 |  |  | 1,144,853 |
Proceeds from sales | (1,744,273 | ) |  | (654,916 | )
Principal payments | (248,552 | ) |  | (317,528 | )
Transfers to accounts receivable | (96,257 | ) |  | (190,185 | )
Transfers to real estate owned | (4,575 | ) |  | (2,838 | )
Gain on sale of loans | 32,471 |  |  | 20,336 |
Increase in valuation allowance | (16,282 | ) |  | (6,510 | )
Other | 3,216 |  |  | 10,675 |
Ending balance | $ | 71,937 |  |  | $ | 86,753 |
Schedule of Gains on Loans Held for Sale | The following table summarizes the activity in Gain on loans held for sale, net, during the three and nine months ended September 30:
| Three Months |  | Nine Months
| 2014 |  | 2013 |  | 2014 |  | 2013
Gain on sales of loans | $ | 42,185 |  |  | $ | 4,622 |  |  | $ | 145,455 |  |  | $ | 36,156 |
Change in fair value of IRLCs | (4,188 | ) |  | 18,912 |  |  | (2,315 | ) |  | 5,918 |
Change in fair value of loans held for sale | (9,348 | ) |  | 14,362 |  |  | (97 | ) |  | 1,452 |
Gain (loss) on economic hedge instruments | (1,145 | ) |  | (9,408 | ) |  | (32,183 | ) |  | 30,989 |
Other | (286 | ) |  | (226 | ) |  | (819 | ) |  | (1,603 | )
| $ | 27,218 |  |  | $ | 28,262 |  |  | $ | 110,041 |  |  | $ | 72,912 |

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