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Derivative Financial Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Activity
The following table summarizes derivative activity, including the derivatives used in each of our identified hedging programs:
 
 
 
Interest Rate Risk
 
 
 
IRLCs and Loans held for sale
 
Borrowings
 
IRLCs
 
Forward MBS Trades
 
Interest Rate Caps
Notional balance at December 31, 2016
$
360,450

 
$
609,177

 
$
955,000

Additions
1,427,753

 
971,499

 
—

Amortization
—

 
—

 
(90,000
)
Maturities
(1,149,358
)
 
(379,055
)
 
—

Terminations
(247,899
)
 
(600,812
)
 
—

Notional balance at March 31, 2017
$
390,946

 
$
600,809

 
$
865,000

 
 
 
 
 
 
Maturity
Apr. 2017 - Jun. 2017
 
Jun. 2017
 
Oct. 2017 - Dec. 2018
 
 
 
 
 
 
Fair value of derivative assets (liabilities) at:
 

 
 

 
 

March 31, 2017
$
7,765

 
$
(3,868
)
 
$
2,262

December 31, 2016
6,507

 
(614
)
 
1,836

 
 
 
 
 
 
Gains (losses) on derivatives during the three months ended:
Gain on loans held for sale, net
 
Gain on loans held for sale, net
 
Other, net
March 31, 2017
$
1,060

 
$
(2,514
)
 
$
359

March 31, 2016
7,465

 
(13,202
)
 
(1,496
)

(1)
Derivatives are reported at fair value in Other assets or in Other liabilities on our unaudited consolidated balance sheets.
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 Three Months Ended March 31,
 
2017

2016
Gains (losses) on economic hedges
$
426


$
(1,391
)
Write-off of losses in AOCL for a discontinued hedge relationship
(67
)

(105
)
 
$
359


$
(1,496
)