XML 30 R19.htm IDEA: XBRL DOCUMENT v3.20.2
MORTGAGE SERVICING RIGHTS (Tables)
3 Months Ended
Mar. 31, 2020
MORTGAGE SERVICING RIGHTS  
Schedule of Activity Related to Capitalized MSRs, Net of Accumulated Amortization

For the three months ended

 

March 31, 

 

Roll Forward of MSRs (in thousands)

    

2020

    

2019

 

Beginning balance

$

718,799

$

670,146

Additions, following the sale of loan

 

44,214

 

47,102

Amortization

 

(35,218)

 

(34,203)

Pre-payments and write-offs

 

(5,309)

 

(5,099)

Ending balance

$

722,486

$

677,946

Summary of Components of Net Carrying Value of MSRs

Components of MSRs (in thousands)

March 31, 2020

December 31, 2019

Gross Value

$

1,221,877

$

1,201,542

Accumulated amortization

 

(499,391)

 

(482,743)

Net carrying value

$

722,486

$

718,799

Schedule of Expected Amortization of MSRs

  

Expected

(in thousands)

  Amortization  

Nine Months Ending December 31, 

2020

$

101,336

Year Ending December 31, 

2021

$

124,191

2022

 

109,526

2023

 

96,770

2024

 

83,594

2025

 

69,674

Thereafter

137,395

Total

$

722,486