GAINS FROM MORTGAGE BANKING ACTIVITIES

12 Months Ended

Dec. 31, 2018

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, 2018, 2017, and 2016:



	For the year ended December 31,
Components of Gains from Mortgage Banking Activities (in thousands)	2018		2017		2016
Contractual loan origination related fees, gross	$	257,440	$	264,809	$	210,147
Co-broker fees		(22,759)		(19,325)		(35,787)
Fair value of expected net cash flows from servicing recognized at commitment		188,361		207,662		205,311
Fair value of expected guaranty obligation recognized at commitment		(15,960)		(13,776)		(12,486)
Total gains from mortgage banking activities	$	407,082	$	439,370	$	367,185