Schedule of other mortgage notes serviced and changes in our mortgage servicing rights |
Changes in our commercial FHA loan servicing rights for the years ended December 31, 2020, 2019 and 2018 are summarized as follows: | | | | | | | | | | | | | | | | | | (dollars in thousands) | 2020 | | 2019 | | 2018 | Loan servicing rights: | | | | | | Balance, beginning of period | $ | 57,637 | | | $ | 56,252 | | | $ | 55,714 | | Originated servicing | 1,128 | | | 4,124 | | | 3,174 | | Amortization | (3,162) | | | (2,739) | | | (2,636) | | Permanent impairment | (17,281) | | | — | | | — | | Balance, end of period | 38,322 | | | 57,637 | | | 56,252 | | Valuation allowances: | | | | | | Balance, beginning of period | 4,944 | | | 2,805 | | | 3,254 | | Additions | 12,337 | | | 2,698 | | | 931 | | Reductions | (17,281) | | | (559) | | | (1,380) | | Balance, end of period | — | | | 4,944 | | | 2,805 | | Loan servicing rights, net | $ | 38,322 | | | $ | 52,693 | | | $ | 53,447 | | Fair value: | | | | | | At beginning of period | $ | 52,693 | | | $ | 53,447 | | | $ | 52,460 | | At end of period | $ | 38,322 | | | $ | 52,693 | | | $ | 53,447 | |
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