MORTGAGE SERVICING RIGHTS (Tables)

9 Months Ended

Sep. 30, 2013

MORTGAGE SERVICING RIGHTS [Abstract]

Data and Assumptions Used in Fair Value Calculation



	September 30,		December 31,
	2013	2012	2012

	(Dollars in thousands)
Unpaid principal balance	$ 5,543,619	$ 4,841,075	$ 5,058,912
Weighted-average prepayment speed (CPR)	11.4	18.4	17.1
Discount rate (annual percentage)	10.3	10.8	10.8
Weighted-average coupon interest rate (percentage)	4.2	4.5	4.4
Weighted-average remaining maturity (months)	308.0	307.0	307.0
Weighted-average servicing fee (basis points)	26.7	27.4	27.1

Activity in Class of Mortgage Servicing Assets



	2013	2012

	(In thousands)
Fair value as of January 1	$ 37,882	$ 30,174
Additions:
Origination of servicing assets	12,106	13,385
Changes in fair value:
Due to payoffs/paydowns	(5,004)	(5,644)
Due to change in valuation inputs or assumptions
used in the valuation model	6,049	(3,346)
Other changes in fair value	(8)	(7)
Fair value as of September 30	$ 51,025	$ 34,562

- 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.

+ References+ Details