Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Financial Instruments

Schedule of derivative positions

Derivative positions are presented in the following table (in thousands).

	September 30, 2017				December 31, 2016
	Notional		Estimated		Notional		Estimated
	Amount		Fair Value		Amount		Fair Value
Derivative instruments:
IRLCs	$	1,248,422	$	28,601	$	944,550	$	23,269
Customer-based written options		14,930		30		—		—
Customer-based purchased options		14,930		(30)		—		—
Commitments to purchase MBSs		3,198,208		7,040		3,616,922		(1,155)
Commitments to sell MBSs		5,878,986		2,517		5,609,250		(532)
Interest rate swaps and swaptions		28,152		(95)		32,452		(283)
U.S. Treasury bond futures and options (1)		194,000		—		297,000		—

(1)    Changes in the fair value of these contracts are settled daily with PrimeLending’s counterparty.