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Mortgage Banking (Tables)
3 Months Ended
Mar. 31, 2017
Mortgage Banking [Abstract]  
Schedule of Activity in the Mortgage Servicing Rights

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

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Balance at beginning of period

 

$

80,239

 

 

$

74,007

 

Origination of servicing assets

 

 

3,440

 

 

 

3,072

 

Change in fair value:

 

 

 

 

 

 

 

 

Due to market changes

 

 

1,466

 

 

 

(6,866

)

Due to run-off

 

 

(2,387

)

 

 

(2,005

)

Balance at end of period

 

$

82,758

 

 

$

68,208

 

 

Schedule of Mortgage Loans Sold and Serviced for Others

The table below details the mortgage loans sold and serviced for others at March 31, 2017 and December 31, 2016 ($ in thousands):

 

 

 

March 31, 2017

 

 

December 31, 2016

 

Federal National Mortgage Association

 

$

4,033,540

 

 

$

3,992,349

 

Government National Mortgage Association

 

 

2,307,321

 

 

 

2,291,398

 

Federal Home Loan Mortgage Corporation

 

 

53,377

 

 

 

55,006

 

Other

 

 

30,264

 

 

 

32,589

 

Total mortgage loans sold and serviced for others

 

$

6,424,502

 

 

$

6,371,342

 

 

Changes in the Reserve for Mortgage Loan Servicing Putback Expense

Changes in the reserve for mortgage loan servicing putback expense for mortgage loans were as follows for the periods presented ($ in thousands):

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Balance at beginning of period

 

$

1,130

 

 

$

1,685

 

Provision for putback expenses

 

 

105

 

 

 

105

 

Gains (losses)

 

 

16

 

 

 

(5

)

Balance at end of period

 

$

1,251

 

 

$

1,785