Loans Acquired for Sale at Fair Value (Tables)

6 Months Ended

Jun. 30, 2019

Mortgage Loans On Real Estate [Abstract]

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

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

Loan type	June 30, 2019		December 31, 2018
	(in thousands)
Agency-eligible	$	2,188,676	$	1,495,954
Held for sale to PLS — Government insured or guaranteed		258,211		86,308
Jumbo		16,192		44,221
Commercial real estate		2,724		8,559
Home equity lines of credit		2,030		—
Repurchased pursuant to representations and warranties		9,434		8,915
	$	2,477,267	$	1,643,957
Loans pledged to secure:
Assets sold under agreements to repurchase	$	2,459,483	$	1,436,437
Mortgage loan participation purchase and sale    agreements		—		185,442
	$	2,459,483	$	1,621,879