Mortgage Loans Acquired for Sale at Fair Value (Tables)

12 Months Ended

Dec. 31, 2016

Mortgage Loans On Real Estate [Abstract]

Summary of Distribution of Company's Mortgage Loans Acquired for Sale at Fair Value

Mortgage loans acquired for sale at fair value is comprised of recently originated mortgage loans purchased by the Company for resale. Following is a summary of the distribution of the Company’s mortgage loans acquired for sale at fair value:

Mortgage loan type	December 31, 2016		December 31, 2015
	(in thousands)
Conventional:
Agency-eligible	$	847,810	$	540,947
Jumbo		6,042		54,613
Held for sale to PLS — Government insured or guaranteed		804,616		669,288
Commercial real estate		8,961		14,590
Repurchased pursuant to representations    and warranties		5,683		4,357
	$	1,673,112	$	1,283,795
Mortgage loans pledged to secure:
Assets sold under agreements to repurchase	$	1,627,010	$	1,204,462
Mortgage loan participation and sale agreements		26,738		—
Federal Home Loan Bank (“FHLB”) advances		—		63,993
	$	1,653,748	$	1,268,455