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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of Loan Servicing Rights Recognized

The amount of mortgage servicing rights recognized during the years ended December 31, 2013 and 2012 was as follows (dollars in thousands):

 

     Year Ended
December 31,
 
     2013     2012  

Beginning balance, mortgage servicing rights

   $ 144,955      $ 95,343   

Mortgage servicing rights recognized

     75,269        83,721   

Mortgage servicing rights sold

     (820     (10,297

Amortization expense

     (38,921     (23,812
  

 

 

   

 

 

 

Ending balance, mortgage servicing rights

   $ 180,483      $ 144,955   
  

 

 

   

 

 

 
Schedule of Assumptions Used in Measuring Fair Value of Servicing Assets

The key assumptions used during the years ended December 31, 2013, 2012 and 2011 in measuring fair value were as follows:

 

     Year Ended December 31,  
     2013     2012     2011  

Discount rate

     14.81     15.00     15.00

Conditional prepayment rate

     7.00     7.00     7.00

Inflation

     2.00     2.50     2.50

Delinquencies

     —          —          —