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Certain Transfers of Financial Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Transfers and Servicing [Abstract]  
Schedule of Loans Held-for-sale [Table Text Block]
The table below presents a reconciliation of the changes in loans held for sale:
 
 
Year Ended December 31,
(in thousands)
 
2019
 
2018
Outstanding balance(1):
 
 
 
 
Beginning balance
 
$
1,949,785

 
$
1,012,580

Loans purchased and originated
 
10,183,057

 
6,753,709

Payments and loans sold
 
(9,564,480
)
 
(5,816,504
)
Ending balance
 
2,568,362

 
1,949,785

Fair value adjustment:
 
 
 
 
Beginning balance
 
19,689

 
(1,576
)
Increase/(decrease) to fair value
 
(10,917
)
 
21,265

Ending balance
 
8,772

 
19,689

Loans held for sale at fair value
 
$
2,577,134

 
$
1,969,474


(1)
Includes $5.8 million and $299,000 of loans held for sale that are carried at lower of cost or market as of December 31, 2019 and 2018, respectively
Schedule of Mortgage Servicing Rights Activity [Table Text Block] retain the right to service the loans sold through our MCA program, creating MSRs which are recorded as assets on our balance sheet. A summary of MSR activity is as follows:
 
Year Ended December 31,
(in thousands)
2019
 
2018
MSRs:
 
 
 
Balance, beginning of year
$
42,474

 
$
88,150

Capitalized servicing rights
39,774

 
39,149

Amortization
(11,541
)
 
(9,278
)
Sales
—

 
(75,547
)
Balance, end of period
$
70,707

 
$
42,474

Valuation allowance:
 
 
 
Balance, beginning of year
$
—

 
$
2,823

Increase (decrease) in valuation allowance
5,803

 
(2,823
)
Balance, end of period
$
5,803

 
$
—

MSRs, net
$
64,904

 
$
42,474

MSRs, fair value
$
64,904

 
$
44,502
Schedule of Fair Value Assumption Used to Value Mortgage Servicing Rights Retained [Table Text Block] The following summarizes the assumptions used by management to determine the fair value of MSRs:
 
December 31,
 
2019
 
2018
Average discount rates
9.06
%
 
9.55
%
Expected prepayment speeds
13.11
%
 
9.77
%
Weighted-average life, in years
5.8

 
7.0
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]
A sensitivity analysis of changes in the fair value of our MSR portfolio resulting from certain key assumptions is presented in the following table:
 
December 31,
(in thousands)
2019
 
2018
50 bp adverse change in prepayment speed
$
(10,768
)
 
$
(6,028
)
100 bp adverse change in prepayment speed
(17,965
)
 
(11,629
)