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Mortgage Banking (Tables)
9 Months Ended
Sep. 30, 2024
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,

 

 

 

2024

 

 

2023

 

Balance at beginning of period

 

$

131,870

 

 

$

129,677

 

Origination of servicing assets

 

 

9,419

 

 

 

11,025

 

Change in fair value:

 

 

 

 

 

 

Due to market changes

 

 

(6,909

)

 

 

8,735

 

Due to run-off

 

 

(8,527

)

 

 

(7,058

)

Balance at end of period

 

$

125,853

 

 

$

142,379

 

Schedule of Mortgage Loans Sold and Serviced for Others

The table below details the mortgage loans sold and serviced for others at September 30, 2024 and December 31, 2023 ($ in thousands):

 

 

 

September 30, 2024

 

 

December 31, 2023

 

Federal National Mortgage Association

 

$

4,832,202

 

 

$

4,826,028

 

Government National Mortgage Association

 

 

3,644,092

 

 

 

3,510,983

 

Federal Home Loan Mortgage Corporation

 

 

183,520

 

 

 

112,352

 

Other

 

 

31,424

 

 

 

28,012

 

Total mortgage loans sold and serviced for others

 

$

8,691,238

 

 

$

8,477,375