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Mortgage Banking (Tables)
9 Months Ended
Sep. 30, 2023
Mortgage Banking [Abstract]  
Schedule of Activity in the Mortgage Servicing Rights

The activity in the MSR is detailed in the table below for the periods presented ($ in thousands):

 

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

Balance at beginning of period

 

$

129,677

 

 

$

87,687

 

Origination of servicing assets

 

 

11,025

 

 

 

14,452

 

Change in fair value:

 

 

 

 

 

 

Due to market changes

 

 

8,735

 

 

 

41,529

 

Due to run-off

 

 

(7,058

)

 

 

(11,053

)

Balance at end of period

 

$

142,379

 

 

$

132,615

 

Schedule of Mortgage Loans Sold and Serviced for Others

The table below details the mortgage loans sold and serviced for others at September 30, 2023 and December 31, 2022 ($ in thousands):

 

 

 

September 30, 2023

 

 

December 31, 2022

 

Federal National Mortgage Association

 

$

4,802,861

 

 

$

4,684,815

 

Government National Mortgage Association

 

 

3,478,965

 

 

 

3,350,222

 

Federal Home Loan Mortgage Corporation

 

 

90,119

 

 

 

52,023

 

Other

 

 

31,440

 

 

 

28,764

 

Total mortgage loans sold and serviced for others

 

$

8,403,385

 

 

$

8,115,824