XML 79 R50.htm IDEA: XBRL DOCUMENT v3.6.0.2
Residential Loans at Fair Value (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Reconciliation of Changes in Residential Loans Held for Sale to Amounts Presented on Consolidated Statements of Cash Flows
A reconciliation of the changes in residential loans held for sale to the amounts presented on the consolidated statements of cash flows is presented in the following table (in thousands):
 
 
For the Years Ended December 31,
 
 
2016
 
2015
 
2014
Balance at beginning of the year
 
$
1,334,300

 
$
1,124,615

 
$
1,015,607

Purchases and originations of loans held for sale
 
21,054,053

 
25,942,841

 
18,878,305

Proceeds from sales of and payments on loans held for sale (1)
 
(21,467,419
)
 
(25,963,200
)
 
(19,177,179
)
Realized gains on sales of loans (2)
 
233,447

 
171,128

 
367,314

Change in unrealized gains on loans held for sale (2)
 
(14,803
)
 
(7,345
)
 
1,412

Interest income (2)
 
41,824

 
52,227

 
40,051

Transfers from loans held for investment
 
—

 
16,690

 
—

Other
 
(5,122
)
 
(2,656
)
 
(895
)
Balance at end of the year
 
$
1,176,280

 
$
1,334,300

 
$
1,124,615

__________
(1)
Excludes realized gains and losses on freestanding derivatives.
(2)
Amount is a component of net gains on sales of loans on the consolidated statements of comprehensive loss. Refer to Note 7 for additional information related to the components of net gains on sales of loans.