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Loans Held for Sale (Tables) | 3 Months Ended
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Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Schedule of Loans Held for Sale Fair Value |
Loans Held for Sale - Fair Value | Three Months Ended March 31,
2018 |  | 2017
Beginning balance | $ | 214,262 |  |  | $ | 284,632 |
Originations and purchases | 205,994 |  |  | 840,999 |
Proceeds from sales | (293,063 | ) |  | (817,033 | )
Principal collections | (804 | ) |  | (744 | )
Transfers from Loans held for investment, at fair value | 184 |  |  | — |
Gain on sale of loans | 4,652 |  |  | (396 | )
Increase (decrease) in fair value of loans | (3,871 | ) |  | 5,628 |
Other | (1,506 | ) |  | 472 |
Ending balance (1) | $ | 125,848 |  |  | $ | 313,558 |
(1) | At March 31, 2018 and 2017, the balances include $3.8 million and $10.5 million, respectively, of fair value adjustments.
Schedule of Loans Held for Sale at Lower Cost or Fair Value, Activity |
Loans Held for Sale - Lower of Cost or Fair Value | Three Months Ended March 31,
2018 |  | 2017
Beginning balance | $ | 24,096 |  |  | $ | 29,374 |
Purchases | 152,084 |  |  | 396,536 |
Proceeds from sales | (86,421 | ) |  | (354,285 | )
Principal collections | (3,446 | ) |  | (1,850 | )
Transfers to Receivables, net | (35,666 | ) |  | (48,752 | )
Transfers to Other assets | (1,195 | ) |  | (55 | )
Gain on sale of loans | 692 |  |  | (998 | )
(Increase) decrease in valuation allowance | (1,185 | ) |  | 4,429 |
Other | 3,271 |  |  | 1,196 |
Ending balance (1) | $ | 52,230 |  |  | $ | 25,595 |
(1) | At March 31, 2018 and 2017, the balances include $46.1 million and $20.0 million, respectively, of loans that we repurchased from Ginnie Mae guaranteed securitizations pursuant to Ginnie Mae servicing guidelines. We may repurchase loans that have been modified, to facilitate loss reduction strategies, or as otherwise obligated as a Ginnie Mae servicer. Repurchased loans may be modified or otherwise remediated through loss mitigation activities, may be sold to a third party, or are reclassified to receivables.
Schedule of Gains on Loans Held for Sale, Net |
Gain on Loans Held for Sale, Net | Three Months Ended March 31,
2018 |  | 2017
Gain on sales of loans, net |  |  |
MSRs retained on transfers of forward loans | $ | 2,378 |  |  | $ | 8,126 |
Fair value gains related to transfers of reverse mortgage loans, net | 10,968 |  |  | 7,638 |
Gain (loss) on sale of repurchased Ginnie Mae loans | 692 |  |  | (998 | )
Other, net | 6,015 |  |  | 2,146 |
| 20,053 |  |  | 16,912 |
Change in fair value of IRLCs | 1,377 |  |  | 1,060 |
Change in fair value of loans held for sale | (3,924 | ) |  | 7,666 |
Gain (loss) on economic hedge instruments | 2,398 |  |  | (2,514 | )
Other | (104 | ) |  | (180 | )
| $ | 19,800 |  |  | $ | 22,944 |
Valuation Allowance for Loans Held for Sale [Member] |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Schedule of Changes in Allowance For Losses |
Valuation Allowance - Loans Held for Sale at Lower of Cost or Fair Value | Three Months Ended March 31,
2018 |  | 2017
Beginning balance | $ | 7,318 |  |  | $ | 10,064 |
Provision | 853 |  |  | 364 |
Transfer from Liability for indemnification obligations (Other liabilities) | 719 |  |  | 255 |
Sales of loans | (409 | ) |  | (5,045 | )
Other | 22 |  |  | (3 | )
Ending balance | $ | 8,503 |  |  | $ | 5,635 |

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