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Supplemental Cash Flow Information
12 Months Ended
Dec. 31, 2016
Supplemental Cash Flow Elements [Abstract]  
Supplemental Cash Flow Information

Note 33—Supplemental Cash Flow Information

 

 

 

Year ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(in thousands)

 

Cash paid for interest

 

$

157,686

 

 

$

117,223

 

 

$

94,116

 

Income taxes paid, net

 

$

1,294

 

 

$

1,116

 

 

$

(6,562

)

Non-cash investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

Receipt of MSRs as proceeds from sales of mortgage loans

 

$

275,092

 

 

$

154,474

 

 

$

121,333

 

Transfer of mortgage loans and advances to real estate

   acquired in settlement of loans

 

$

207,431

 

 

$

307,455

 

 

$

364,945

 

Transfer of real estate acquired in settlement of mortgage

   loans to real estate held for investment

 

$

21,406

 

 

$

8,827

 

 

$

 

Receipt of ESS pursuant to recapture agreement with PFSI

 

$

6,603

 

 

$

6,728

 

 

$

7,343

 

Transfers of mortgage loans acquired for sale to mortgage loans at

   fair value

 

$

 

 

$

23,859

 

 

$

 

Purchase of mortgage loans financed through forward purchase

   agreements

 

$

 

 

$

 

 

$

2,828

 

Transfer of mortgage loans under forward purchase agreements to

   mortgage loans at fair value

 

$

 

 

$

 

 

$

205,902

 

Transfer of mortgage loans under forward purchase agreements and

   advances to REO under forward purchase agreements

 

$

 

 

$

 

 

$

9,369

 

Purchase of REO financed through forward purchase agreements

 

$

 

 

$

 

 

$

68

 

Transfer of REO under forward purchase agreements to REO

 

$

 

 

$

 

 

$

12,737

 

Non-cash financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

Dividends payable

 

$

31,655

 

 

$

35,069

 

 

$

45,894

 

Transfer of mortgage loans at fair value financed through

   agreements to repurchase to REO financed under agreements to

   repurchase

 

$

 

 

$

85,134

 

 

$

2,731

 

Purchase of mortgage loans financed through forward purchase

   agreements

 

$

 

 

$

 

 

$

2,828

 

Purchase of REO financed through forward purchase agreements

 

$

 

 

$

 

 

$

68