XML 60 R36.htm IDEA: XBRL DOCUMENT v3.22.2.2
MORTGAGE SERVICING RIGHTS (Tables)
 9 Months Ended
Sep. 30, 2022
Transfers and Servicing [Abstract]  
Presentation of Activity Related to MSR
The following tables present activity related to MSR and Interests in MSR for the three and nine months ended September 30, 2022 and 2021:  
 Mortgage Servicing RightsThree Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
 (dollars in thousands)
Fair value, beginning of period$1,421,420 $202,616 $544,562 $100,895 
Purchases (1)
182,784 312,327 866,767 411,309 
Transfers (2)
82,650 — 82,650 — 
Sales— — (9,076)(376)
Change in fair value due to:
Changes in valuation inputs or assumptions (3)
43,274 76,107 281,843 108,403 
Other changes, including realization of expected cash flows(24,874)(18,791)(61,492)(47,972)
Fair value, end of period$1,705,254 $572,259 $1,705,254 $572,259 
(1) Includes adjustments to original purchase price from early payoffs, defaults, or loans that were delivered but were deemed to not be acceptable.
(2) Transfers from Interests in MSR - Refer to the “Variable Interest Entities” Note for additional information.
(3) Principally represents changes in discount rates and prepayment speed inputs used in valuation model, primarily due to changes in interest rates.

Interests in MSRThree Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
(dollars in thousands)
Beginning balance$83,622 $49,035 $69,316 $— 
Purchases (1)
— 5,936 4,860 53,034 
Transfers (2)
(82,650)— (82,650)— 
Gain (loss) included in net income(972)2,559 8,474 4,496 
Ending balance September 30, 2022
$— $57,530 $— $57,530 
(1) Includes adjustments to original purchase price from early payoffs, defaults, or loans that were delivered but were deemed to not be acceptable.
(2) Transfers to MSR - Refer to the “Variable Interest Entities” Note for additional information