Capitalized Mortgage Servicing Rights (Tables) - MSRs

3 Months Ended

Mar. 31, 2018

Capitalized Mortgage Servicing Rights

Summary of capitalized MSR activity

A summary of our capitalized MSR activity is as follows (in thousands):

	Three Months Ended March 31, 2018
	Acquired			Originated			Total
Balance at beginning of period	$	143,270		$	109,338		$	252,608
Additions	—			19,800			19,800
Amortization	(7,995		)	(3,870		)	(11,865		)
Write-downs and payoffs	(3,341		)	(1,470		)	(4,811		)
Balance at end of period	$	131,934		$	123,798		$	255,732

	Three Months Ended March 31, 2017
Balance at beginning of period	$	194,801		$	32,942		$	227,743
Additions	—			26,469			26,469
Amortization	(10,462		)	(1,426		)	(11,888		)
Write-downs and payoffs	(3,393		)	—			(3,393		)
Balance at end of period	$	180,946		$	57,985		$	238,931

Schedule of expected amortization of capitalized MSRs recorded

Actual amortization may vary from these estimates (in thousands).

Year	Amortization
2018 (nine months ending 12/31/2018)	$	35,767
2019	44,539
2020	39,231
2021	31,900
2022	25,314
2023	20,802
Thereafter	58,179
Total	$	255,732