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Fair Value - Schedule of Reconciliation of Changes in Fair Value of Level 3 Assets and Liabilities (Details) - Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | $ 380,842 |  | $ 340,769 |  | $ 343,662 |  | $ 326,404 |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | 0 |  | 144 |  | 0 |  | 144 |
Issuances | (7,023) |  | 80,106 |  | 32,603 |  | 151,409 |
Sales | (2) |  | (1) |  | (230) |  | (143) |
Transfers to Real estate (Other assets) | (1,423) |  |  |  | (1,423) |  |  |
Settlements | 5,005 | [1] | (64,000) | [1] | 16,813 |  | (93,465) |
Purchases, issuances, sales and settlements, total | (3,443) |  | 16,249 |  | 47,763 |  | 57,945 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings | (19,683) | [2] | (20,577) |  | (33,709) | [2] | (47,908) | [2]
Transfers in and / or out of Level 3 | 0 | [2] | 0 |  | 0 |  | 0 |
Ending balance | 357,716 |  | 336,441 |  | 357,716 |  | 336,441 |
Loans Held for Investment [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | 3,916,387 |  | 2,771,242 |  | 3,565,716 |  | 2,488,253 |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | 0 |  | 0 |  | 0 |  | 0 |
Issuances | 351,392 |  | 371,607 |  | 698,473 |  | 675,665 |
Sales | 0 |  | 0 |  | 0 |  | 0 |
Transfers to Real estate (Other assets) | (1,423) |  |  |  | (1,423) |  |  |
Settlements | (112,279) | [1] | (151,600) | [1] | (192,569) |  | (238,838) |
Purchases, issuances, sales and settlements, total | 237,690 |  | 220,007 |  | 504,481 |  | 436,827 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings | 69,699 | [2] | 66,315 |  | 153,579 | [2] | 132,484 | [2]
Transfers in and / or out of Level 3 | 0 | [2] | 0 |  | 0 |  | 0 |
Ending balance | 4,223,776 |  | 3,057,564 |  | 4,223,776 |  | 3,057,564 |
HMBS - Related Borrowings [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | (3,739,265) |  | (2,648,100) |  | (3,433,781) |  | (2,391,362) |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | 0 |  | 0 |  | 0 |  | 0 |
Issuances | (357,704) |  | (289,807) |  | (664,453) |  | (522,981) |
Sales | 0 |  | 0 |  | 0 |  | 0 |
Transfers to Real estate (Other assets) | 0 |  |  |  | 0 |  |  |
Settlements | 101,132 | [1] | 59,223 | [1] | 176,231 |  | 98,876 |
Purchases, issuances, sales and settlements, total | (256,572) |  | (230,584) |  | (488,222) |  | (424,105) |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings | (65,789) | [2] | (57,244) |  | (139,623) | [2] | (120,461) | [2]
Transfers in and / or out of Level 3 | 0 | [2] | 0 |  | 0 |  | 0 |
Ending balance | (4,061,626) |  | (2,935,928) |  | (4,061,626) |  | (2,935,928) |
Mortgage-Backed Securities [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | 8,658 |  | 8,386 |  | 8,342 |  | 7,985 |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | 0 |  | 0 |  | 0 |  | 0 |
Issuances | 0 |  | 0 |  | 0 |  | 0 |
Sales | 0 |  | 0 |  | 0 |  | 0 |
Transfers to Real estate (Other assets) | 0 |  |  |  | 0 |  |  |
Settlements | 0 | [1] | 0 | [1] | 0 |  | 0 |
Purchases, issuances, sales and settlements, total | 0 |  | 0 |  | 0 |  | 0 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings | 328 | [2] | 677 |  | 644 | [2] | 1,078 | [2]
Transfers in and / or out of Level 3 | 0 | [2] | 0 |  | 0 |  | 0 |
Ending balance | 8,986 |  | 9,063 |  | 8,986 |  | 9,063 |
Financing Liability - MSRs Pledged [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | (459,187) |  | (523,503) |  | (477,707) |  | (541,704) |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | 0 |  | 0 |  | 0 |  | 0 |
Issuances | 0 |  | 0 |  | 0 |  | 0 |
Sales | 0 |  | 0 |  | 0 |  | 0 |
Transfers to Real estate (Other assets) | 0 |  |  |  | 0 |  |  |
Settlements | 16,194 | [1] | 28,377 | [1] | 33,193 |  | 46,578 |
Purchases, issuances, sales and settlements, total | 16,194 |  | 28,377 |  | 33,193 |  | 46,578 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings | 1,986 | [2] | 0 |  | 3,507 | [2] | 0 | [2]
Transfers in and / or out of Level 3 | 0 | [2] | 0 |  | 0 |  | 0 |
Ending balance | (441,007) |  | (495,126) |  | (441,007) |  | (495,126) |
Derivatives [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | 2,262 |  | 570 |  | 1,836 |  | 2,042 |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | 0 |  | 144 |  | 0 |  | 144 |
Issuances | 0 |  | 0 |  | 0 |  | 0 |
Sales | 0 |  | 0 |  | 0 |  | 0 |
Transfers to Real estate (Other assets) | 0 |  |  |  | 0 |  |  |
Settlements | (42) | [1] | 0 | [1] | (42) |  | (81) |
Purchases, issuances, sales and settlements, total | (42) |  | 144 |  | (42) |  | 63 |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings | (283) | [2] | (514) |  | 143 | [2] | (1,905) | [2]
Transfers in and / or out of Level 3 | 0 | [2] | 0 |  | 0 |  | 0 |
Ending balance | 1,937 |  | 200 |  | 1,937 |  | 200 |
MSRs [Member] |  |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | 651,987 |  | 732,174 |  | 679,256 |  | 761,190 |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | 0 |  | 0 |  | 0 |  | 0 |
Issuances | (711) |  | (1,694) |  | (1,417) |  | (1,275) |
Sales | (2) |  | (1) |  | (230) |  | (143) |
Transfers to Real estate (Other assets) | 0 |  |  |  | 0 |  |  |
Settlements | 0 | [1] | 0 | [1] | 0 |  | 0 |
Purchases, issuances, sales and settlements, total | (713) |  | (1,695) |  | (1,647) |  | (1,418) |
Total realized and unrealized gains and (losses): |  |  |  |  |  |  |  |
Included in earnings | (25,624) | [2] | (29,811) |  | (51,959) | [2] | (59,104) | [2]
Transfers in and / or out of Level 3 | 0 | [2] | 0 |  | 0 |  | 0 |
Ending balance | $ 625,650 |  | $ 700,668 |  | $ 625,650 |  | $ 700,668 |
[1] | Settlements for Loans held for investment - reverse mortgages consist chiefly of principal payments received, but also may include non-cash settlements of loans.
[2] | Total gains (losses) attributable to derivative financial instruments still held at June 30, 2017 and June 30, 2016 were $0.2 million and $(2.0) million for the six months ended June 30, 2017 and 2016, respectively. Total losses attributable to MSRs still held at June 30, 2017 and June 30, 2016 were $51.5 million and $58.5 million for the six months ended June 30, 2017 and 2016, respectively.

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