MORTGAGE SERVICING RIGHTS (Tables)

12 Months Ended

Dec. 31, 2024

Transfers and Servicing [Abstract]

Presentation of Activity Related to MSR

The following table presents activity related to MSR for the years ended December 31, 2024 and 2023:  

Mortgage Servicing Rights	December 31, 2024		December 31, 2023
	(dollars in thousands)
Fair value, beginning of period	$	2,122,196	$	1,748,209
Purchases (1)	863,113		397,585
Sales	(69,703)		—
Change in fair value due to
Changes in valuation inputs or assumptions (2)	162,011		92,374
Other changes, including realization of expected cash flows	(168,483)		(115,972)
Fair value, end of period	$	2,909,134	$	2,122,196
(1) Includes adjustments to original purchase price from early payoffs, defaults, or loans that were delivered but were deemed to not be acceptable. (2) Principally represents changes in discount rates and prepayment speed inputs used in valuation model, primarily due to changes in interest rates.