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Mortgage Servicing - Schedule of Activity Related to MSRs - Amortization Method (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
Servicing Asset at Amortized Cost, Balance [Roll Forward]        
Fair value election - transfer of MSRs carried at fair value $ 0 $ (787,142)    
Estimated fair value at end of period 732,174 897,797 $ 761,190 $ 93,901
Mortgage Servicing Rights - Amortized Costs [Member]        
Servicing Asset at Amortized Cost, Balance [Roll Forward]        
Beginning balance 377,379 1,820,091    
Fair value election - transfer of MSRs carried at fair value [1] 0 (787,142)    
Additions recognized in connection with asset acquisitions 4,263 3,267    
Additions recognized on the sale of mortgage loans 7,156 8,528    
Sales 0 (65,627)    
Servicing asset at amortized value, gross 388,798 979,117    
Amortization (12,806) (38,494)    
Increase in impairment valuation allowance [2] (29,953) (17,769)    
Ending balance 346,039 922,854    
Estimated fair value at end of period $ 390,970 $ 1,064,134    
[1] Effective January 1, 2015, we elected fair value accounting for a newly-created class of non-Agency MSRs, which were previously accounted for using the amortization method, based on a different strategy for managing the risks of the underlying portfolio compared to our other MSR classes. This irrevocable election applies to all subsequently acquired or originated servicing assets and liabilities that have characteristics consistent with this class. We recorded a cumulative-effect adjustment of $52.0 million (before deferred income taxes of $9.2 million) to retained earnings as of January 1, 2015 to reflect the excess of the fair value of these MSRs over their carrying amount. At December 31, 2014, the UPB of the loans related to the non-Agency MSRs for which the fair value election was made was $195.3 billion.
[2] Impairment of MSRs is recognized in Servicing and origination expense in the Unaudited Consolidated Statements of Operations.