MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2017

MORTGAGE SERVICING RIGHTS

Schedule of Activity Related to Capitalized MSRs

	For the three months ended
	March 31,
(in thousands)	2017		2016
Beginning balance	$	521,930	$	412,348
Additions, following the sale of loan		72,925		34,973
Amortization		(28,900)		(22,723)
Pre-payments and write-offs		(3,425)		(2,947)
Ending balance	$	562,530	$	421,651

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

	As of March 31, 2017
	Gross		Accumulated		Net
(in thousands)	carrying value		amortization		carrying value
Acquired MSRs	$	175,934	$	(109,552)	$	66,382
Originated MSRs		704,240		(208,092)		496,148
Total	$	880,174	$	(317,644)	$	562,530

Schedule of Expected Amortization of MSRs

	Originated MSRs		Acquired MSRs		Total MSRs
(in thousands)	Amortization		Amortization		Amortization
Nine Months Ending December 31,
2017	$	73,246	$	10,545	$	83,791
Year Ending December 31,
2018	$	86,820	$	11,804	$	98,624
2019		74,090		10,375		84,465
2020		66,297		8,713		75,010
2021		56,993		6,970		63,963
2022		44,992		4,989		49,981
Thereafter		93,710		12,986		106,696
Total	$	496,148	$	66,382	$	562,530