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Mortgage Banking Activities, Net
 3 Months Ended
Mar. 31, 2020
Mortgage Banking [Abstract]  
Mortgage Banking Activities, Net Mortgage Banking Activities, Net
The following table presents the components of Mortgage banking activities, net, recorded in our consolidated statements of income (loss) for the three months ended March 31, 2020 and 2019.
Table 19.1 – Mortgage Banking Activities
 
 
Three Months Ended March 31,
(In Thousands)
 
2020
 
2019
Residential Mortgage Banking Activities, Net
 
 
 
 
Changes in fair value of:
 
 
 
 
Residential loans, at fair value (1)
 
$
7,955

 
$
14,844

Risk management derivatives (2)
 
(31,294
)
 
(4,138
)
Other income, net (3)
 
258

 
121

Total residential mortgage banking activities, net
 
(23,081
)
 
10,827

 
 
 
 
 
Business Purpose Mortgage Banking Activities, Net:
 
 
 
 
Changes in fair value of:
 
 
 
 
Single-family rental loans, at fair value (1)
 
11,808

 
1,744

Risk management derivatives (2)
 
(21,538
)
 
(846
)
Residential bridge loans, at fair value
 
(3,934
)
 
86

Other income, net (4)
 
8,334

 
498

Total business purpose mortgage banking activities, net
 
(5,330
)
 
1,482

Mortgage Banking Activities, Net
 
$
(28,411
)
 
$
12,309

(1)
For residential loans, includes changes in fair value for associated loan purchase and forward sale commitments. For single-family rental loans, includes changes in fair value for associated interest rate lock commitments.
(2)
Represents market valuation changes of derivatives that were used to manage risks associated with our accumulation of loans.
(3)
Amounts in this line item include other fee income from loan acquisitions and the provision for repurchases expense, presented net.
(4)
Amounts in this line item include other fee income from loan originations.