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Derivative Financial Instruments and Hedging Activities (Tables) | 12 Months Ended
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Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Changes in Notional Balances of Holdings of Derivatives | The following table summarizes the changes in the notional balances of our holdings of derivatives during the year ended December 31, 2016:
| IRLCs |  | Forward MBS Trades |  | Interest Rate Caps
Beginning notional balance | $ | 278,317 |  |  | $ | 632,720 |  |  | $ | 2,110,000 |
Additions | 6,711,653 |  |  | 5,529,405 |  |  | 703,333 |
Amortization | — |  |  | — |  |  | (793,333 | )
Maturities | (5,236,398 | ) |  | (2,820,929 | ) |  | — |
Terminations | (1,393,122 | ) |  | (2,732,019 | ) |  | (1,065,000 | )
Ending notional balance | $ | 360,450 |  |  | $ | 609,177 |  |  | $ | 955,000 |
Fair value of derivative assets (liabilities) at: |  |  |  |  |  |  |  |
December 31, 2016 | $ | 6,507 |  |  | $ | (614 | ) |  | $ | 1,836 |
December 31, 2015 | $ | 6,080 |  |  | $ | 295 |  |  | $ | 2,042 |
Maturity | Jan. 2017 - May 2017 |  | Mar. 2017 |  | Oct. 2017 - Dec. 2018
Summary of Open Derivative Positions and the Gains (Losses) on all Derivatives | The following summarizes our open derivative positions at December 31, 2016 and the gains (losses) on all derivatives used in each of the identified hedging programs for the year then ended. None of the derivatives was designated as a hedge for accounting purposes at December 31, 2016:
Purpose |  | Expiration Date |  | Notional Amount |  | Fair Value (1) |  | Gains (Losses) |  | Consolidated Statement of Operations Caption
Interest rate risk of borrowings |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate caps |  | Oct. 2017 - Dec. 2018 |  | $ | 955,000 |  |  | $ | 1,836 |  |  | $ | (1,387 | ) |  | Other, net
Interest rate risk of mortgage loans held for sale and of IRLCs |  |  |  |  |  |  |  |  |  |  |  |  |
Forward MBS trades |  | Mar. 2017 |  | 609,177 |  |  | (614 | ) |  | (6,592 | ) |  | Gain on loans held for sale, net
IRLCs |  | Jan. 2017 - May 2017 |  | 360,450 |  |  | 6,507 |  |  | (55 | ) |  | Gain on loans held for sale, net
Total derivatives |  |  |  |  |  |  | $ | 7,729 |  |  | $ | (8,034 | ) |  |
(1) | Derivatives are reported at fair value in Other assets or in Other liabilities on our consolidated balance sheets.
Schedule of Changes in the Losses on Cash Flow Hedges Included in AOCL | Changes in AOCL during the years ended December 31 were as follows:
| 2016 |  | 2015 |  | 2014
Beginning balance | $ | 1,763 |  |  | $ | 8,413 |  |  | $ | 10,151 |
Losses on terminated cash flow hedging relationships amortized to earnings | (337 | ) |  | (7,042 | ) |  | (1,982 | )
Decrease in deferred taxes on accumulated losses on cash flow hedges | 24 |  |  | 392 |  |  | 248 |
Decrease in accumulated losses on cash flow hedges, net of taxes | (313 | ) |  | (6,650 | ) |  | (1,734 | )
Other, net of taxes | — |  |  | — |  |  | (4 | )
Ending balance | $ | 1,450 |  |  | $ | 1,763 |  |  | $ | 8,413 |
Schedule of Other Income (Expense), Net Related to Derivative Financial Instruments | Other income (expense), net, includes the following related to derivative financial instruments for the years ended December 31:
| 2016 |  | 2015 |  | 2014
Losses on economic hedges | (1,387 | ) |  | (1,377 | ) |  | (661 | )
Write-off of losses in AOCL for a discontinued hedge relationship (1) | (337 | ) |  | (7,042 | ) |  | (1,982 | )
| $ | (1,724 | ) |  | $ | (8,419 | ) |  | $ | (2,643 | )
(1) | Includes the accelerated write-off in 2015 of deferred losses on a swap that had been designated for accounting purposes as a hedge of the purchase price of an MSR acquisition, when we sold a portion of the related MSRs.

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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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