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Mortgage Banking (Tables)
12 Months Ended
Dec. 31, 2015
Mortgage Banking [Abstract]  
Schedule of Activity in the Mortgage Servicing Rights

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

 

 

 

Years Ended December 31,

 

 

 

2015

 

 

2014

 

Balance at beginning of period

 

$

64,358

 

 

$

67,834

 

Origination of servicing assets

 

 

17,598

 

 

 

12,293

 

Change in fair value:

 

 

 

 

 

 

 

 

Due to market changes

 

 

1,578

 

 

 

(7,202

)

Due to runoff

 

 

(9,527

)

 

 

(8,567

)

Balance at end of period

 

$

74,007

 

 

$

64,358

 

 

Schedule of Mortgage Loans Sold and Serviced for Others

The table below details the mortgage loans sold and serviced for others at December 31, 2015 and 2014 ($ in thousands):

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Federal National Mortgage Association

 

$

3,750,685

 

 

$

3,579,987

 

Government National Mortgage Association

 

 

2,111,797

 

 

 

1,948,565

 

Federal Home Loan Mortgage Corporation

 

 

67,817

 

 

 

80,551

 

Other

 

 

41,013

 

 

 

27,146

 

Total mortgage loans sold and serviced for others

 

$

5,971,312

 

 

$

5,636,249

 

 

Changes in the Reserve for Mortgage Loan Servicing Putback Expense

Changes in the reserve for mortgage loan servicing putback expense for mortgage loans delivered to FNMA in periods not covered by the November 2013 Resolution Agreement between Trustmark and FNMA and to other entities were as follows for the periods presented ($ in thousands):

 

 

 

Years Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Balance at beginning of period

 

$

1,170

 

 

$

1,050

 

 

$

7,800

 

Provision for putback expenses

 

 

315

 

 

 

600

 

 

 

1,561

 

Gains (Losses)

 

 

200

 

 

 

(480

)

 

 

(4,756

)

FNMA resolution

 

 

 

 

 

 

 

 

(3,555

)

Balance at end of period

 

$

1,685

 

 

$

1,170

 

 

$

1,050