MORTGAGE SERVICING RIGHTS (Tables)

12 Months Ended

Dec. 31, 2016

MORTGAGE SERVICING RIGHTS

Schedule of Activity Related to Capitalized MSRs

	For the year ended December 31,
(in thousands)	2016		2015
Beginning balance	$	412,348	$	375,907
Additions, following the sale of loan		181,032		135,441
Purchases		43,097		—
Amortization		(99,417)		(80,702)
Pre-payments and write-offs		(15,130)		(18,298)
Ending balance	$	521,930	$	412,348

Summary of Components of Net Carrying Value of Acquired and Originated MSRs

	As of December 31, 2016
	Gross		Accumulated		Net
(in thousands)	carrying value		amortization		carrying value
Acquired MSRs	$	175,934	$	(104,264)	$	71,670
Originated MSRs		642,030		(191,770)		450,260
Total	$	817,964	$	(296,034)	$	521,930

	As of December 31, 2015
	Gross		Accumulated		Net
(in thousands)	carrying value		amortization		carrying value
Acquired MSRs	$	132,837	$	(84,754)	$	48,083
Originated MSRs		511,915		(147,650)		364,265
Total	$	644,752	$	(232,404)	$	412,348

Schedule of Expected Amortization of MSRs

	Originated MSRs		Acquired MSRs		Total MSRs
(in thousands)	Amortization		Amortization		Amortization
Year Ending December 31,
2017	$	90,304	$	14,711	$	105,015
2018		78,092		12,227		90,319
2019		67,493		10,795		78,288
2020		59,847		8,924		68,771
2021		50,738		7,018		57,756
Thereafter		103,786		17,995		121,781
Total	$	450,260	$	71,670	$	521,930