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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2019
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. The notional amount of our contracts does not represent our exposure to credit loss. None of the derivatives were designated as a hedge for accounting purposes as of, or during the nine months ended September 30, 2019 and 2018:
 
IRLCs
 
Interest Rate Risk
 
MSR Hedging
 
IRLCs and Loans Held for Sale
 
Borrowings
 
TBA / Forward MBS Trades
 
Forward Trades
 
Interest Rate Caps
Notional balance at September 30, 2019
$
173,616

 
$
700,000

 
$
9,763

 
$
57,083

 
 
 
 
 
 
 
 
Maturity
Oct. 2019 - Dec. 2019
 
Dec. 2019
 
Dec. 2019
 
Oct. 2019 - May 2020
 
 
 
 
 
 
 
 
Fair value of derivative assets (liabilities) at:
 

 
 

 
 

 
 

September 30, 2019
$
4,781

 
$
887

 
$
(3,126
)
 
$
—

December 31, 2018
3,871

 
—

 
(4,983
)
 
678

 
 
 
 
 
 
 
 
Gains (losses) on derivatives during the nine months ended:
Gain on loans held for sale, net
 
MSR valuation adjustments, net
 
Gain on loans held for sale, net
 
Other, net
September 30, 2019
$
401

 
$
322

 
$
(3,344
)
 
$
(358
)
September 30, 2018
137

 
$
—

 
2,082

 
(308
)