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Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 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
2,478,110

 
1,802,148

 
110,000

Amortization
—

 
—

 
(180,000
)
Maturities
(2,117,572
)
 
(1,025,320
)
 
—

Terminations
(475,410
)
 
(993,409
)
 
(160,000
)
Notional balance at June 30, 2017
$
245,578

 
$
392,596

 
$
725,000

 
 
 
 
 
 
Maturity
Jul. 2017 - Sep. 2017
 
Aug. 2017
 
Oct. 2017 - May 2019
 
 
 
 
 
 
Fair value of derivative assets (liabilities) at:
 

 
 

 
 

June 30, 2017
$
5,352

 
$
1,752

 
$
1,937

December 31, 2016
6,507

 
(614
)
 
1,836

 
 
 
 
 
 
Gains (losses) on derivatives during the six months ended:
Gain on Loans Held for Sale, Net
 
Gain on Loans Held for Sale, Net
 
Other, Net
June 30, 2017
$
(1,428
)
 
$
(6,184
)
 
$
31

June 30, 2016
6,672

 
(21,626
)
 
(2,080
)

(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:
Periods ended June 30,
Three Months
 
Six Months
2017

2016

2017
 
2016
Gains (losses) on economic hedges
$
(283
)

$
(514
)

$
143

 
$
(1,905
)
Write-off of losses in AOCL for a discontinued hedge relationship
(45
)

(70
)

(112
)
 
(175
)
 
$
(328
)

$
(584
)

$
31

 
$
(2,080
)