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GAINS FROM MORTGAGE BANKING ACTIVITIES
 12 Months Ended
Dec. 31, 2016
GAINS FROM MORTGAGE BANKING ACTIVITIES  
Gains from mortgage banking activities

NOTE 3—GAINS FROM MORTGAGE BANKING ACTIVITIES

 

Gains from mortgage banking activities consist of the following activity for each of the years ended December 31, 2016, 2015, and 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 

 

(in thousands)

2016

    

2015

 

2014

 

Contractual loan origination related fees, net

$
174,360

 

$
156,835

 

$
125,468

 

Fair value of expected net cash flows from servicing recognized at commitment

 
205,311

 

 
142,420

 

 
103,410

 

Fair value of expected guaranty obligation recognized at commitment

 
(12,486)

 

 
(8,789)

 

 
(6,895)

 

Total gains from mortgage banking activities

$
367,185

 

$
290,466

 

$
221,983