MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2018

MORTGAGE SERVICING RIGHTS

Schedule of Activity Related to Capitalized MSRs

	For the three months ended
	March 31,
(in thousands)	2018		2017
Beginning balance	$	634,756	$	521,930
Additions, following the sale of loan		30,922		72,925
Amortization		(32,161)		(28,900)
Pre-payments and write-offs		(2,486)		(3,425)
Ending balance	$	631,031	$	562,530

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

	As of March 31, 2018
	Gross		Accumulated		Net
(in thousands)	carrying value		amortization		carrying value
Acquired MSRs	$	183,715	$	(125,237)	$	58,478
Originated MSRs		839,745		(267,192)		572,553
Total	$	1,023,460	$	(392,429)	$	631,031

	As of December 31, 2017
	Gross		Accumulated		Net
(in thousands)	carrying value		amortization		carrying value
Acquired MSRs	$	183,715	$	(121,643)	$	62,072
Originated MSRs		820,137		(247,453)		572,684
Total	$	1,003,852	$	(369,096)	$	634,756

Schedule of Expected Amortization of MSRs

	Originated MSRs		Acquired MSRs		Total MSRs
(in thousands)	Amortization		Amortization		Amortization
Nine Months Ending December 31,
2018	$	84,201	$	8,575	$	92,776
Year Ending December 31,
2019	$	100,069	$	10,517	$	110,586
2020		87,958		9,091		97,049
2021		76,770		7,466		84,236
2022		63,527		5,639		69,166
2023		52,262		4,960		57,222
Thereafter		107,766		12,230		119,996
Total	$	572,553	$	58,478	$	631,031