Liability for Losses Under Representations and Warranties (Tables)

9 Months Ended

Sep. 30, 2013

Liability for Losses Under Representations and Warranties

Summary of the entity's liability for representations and warranties

	Quarter ended September 30,					Nine months ended September 30,
	2013			2012		2013			2012
	(in thousands)
Balance at beginning of period	$	6,185		$	1,387	$	3,504		$	449
Provisions for losses on loans sold	1,069			918		3,766			1,856
Incurred losses	(39		)	—		(55		)	—
Balance at end of period	$	7,215		$	2,305	$	7,215		$	2,305
Unpaid principal balance of mortgage loans subject to representations and warranties	$	20,428,213		$	6,444,618	$	20,428,213		$	6,444,618

Summary of repurchase activity

	Quarter ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012
	(in thousands)
During the period:
Unpaid balance of mortgage loans repurchased	$	1,973	$	—	$	6,840	$	—
Unpaid principal balance of mortgage loans put to correspondent lenders	$	357	$	—	$	1,410	$	—
At period end:
Unpaid principal balance of mortgage loans subject to pending claims for repurchase	$	1,249	$	3,459	$	1,249	$	3,459