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Liability for Losses Under Representations and Warranties (Tables)
12 Months Ended
Dec. 31, 2018
Liability for Losses Under Representations and Warranties  
Summary of repurchase activity

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

 

2018

    

2017

    

2016

 

 

 

          (in thousands)

 

Balance at beginning of year

 

$

20,053

 

$

19,067

 

$

20,611

 

Provision for losses on mortgage loans sold:

 

 

 

 

 

 

 

 

 

 

Resulting from sales of mortgage loans

 

 

5,824

 

 

5,890

 

 

7,090

 

Reduction in liability due to change in estimate

 

 

(4,672)

 

 

(4,301)

 

 

(7,672)

 

Incurred losses, net

 

 

(50)

 

 

(603)

 

 

(962)

 

Balance at end of year

 

$

21,155

 

$

20,053

 

$

19,067

 

Unpaid principal balance of mortgage loans subject to representations and warranties at end of year

 

$

137,849,704

 

$

120,855,101