MORTGAGE SERVICING RIGHTS (Tables)

9 Months Ended

Sep. 30, 2011

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:

	September 30,				December 31,
	2011		2010		2010
	(Dollars in thousands)
Unpaid principal balance	$	4,143,880	$	3,690,125	$	3,870,872
Weighted-average prepayment speed (CPR)		22.7		23.2		15.6
Discount rate (annual percentage)		10.3		10.3		10.3
Weighted-average coupon interest rate (percentage)		5.1		5.4		5.2
Weighted-average remaining maturity (months)		314.0		318.0		315.0
Weighted-average servicing fee (basis points)		28.1		28.6		28.4

Activity in Class of Mortgage Servicing Assets

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

	2011			2010
	(In thousands)
Fair value as of January 1	$	38,642		$	35,560
Additions:
Origination of servicing assets		7,938			9,173
Changes in fair value:
Due to payoffs/paydowns		(4,435	)		(4,900	)
Due to change in valuation inputs or assumptions
used in the valuation model		(12,975	)		(12,924	)
Other changes in fair value		(11	)		(8	)
Fair value as of September 30	$	29,159		$	26,901

- 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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