MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2012

MORTGAGE SERVICING RIGHTS [Abstract]

Data and Assumptions Used in Fair Value Calculation

Data and assumptions used in the fair value calculation related to MSRs as of the dates indicated were as follows:

	March 31,				December 31,
	2012		2011		2011
	(Dollars in thousands)
Unpaid principal balance	$	4,413,139	$	3,946,961	$	4,293,552
Weighted-average prepayment speed (CPR)		18.1		13.9		22.7
Discount rate (annual percentage)		10.3		10.3		10.3
Weighted-average coupon interest rate (percentage)		4.8		5.2		4.9
Weighted-average remaining maturity (months)		310.0		315.0		311.0
Weighted-average servicing fee (basis points)		27.8		28.3		28.0

Activity in Class of Mortgage Servicing Assets

The following table presents the activity in this class for the periods indicated:

	2012			2011
	(In thousands)
Fair value as of January 1	$	30,174		$	38,642
Additions:
Origination of servicing assets		3,525			2,431
Changes in fair value:
Due to payoffs/paydowns		(1,726	)		(1,300	)
Due to change in valuation inputs or assumptions used in the valuation model		3,697			2,540
Other changes in fair value		(2	)		(7	)
Fair value as of March 31	$	35,668		$	42,306

- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

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