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Mortgage Banking Activities (Tables)
 6 Months Ended
Jun. 30, 2014
Mortgage Banking [Abstract]  
Components of Residential Mortgage Loans Held For Sale [Table Text Block]
 
 
June 30, 2014
 
December 31, 2013
 
June 30, 2013
 
 
Unpaid Principal Balance/
Notional
 
Fair Value
 
Unpaid Principal Balance/
Notional
 
Fair Value
 
Unpaid
Principal
 Balance/
Notional
 
Fair Value
Residential mortgage loans held for sale
 
$
310,341

 
$
319,508

 
$
192,266

 
$
193,584

 
$
284,454

 
$
280,962

Residential mortgage loan commitments
 
546,864

 
13,616

 
258,873

 
2,656

 
547,508

 
(1,709
)
Forward sales contracts
 
828,739

 
(7,249
)
 
435,867

 
4,306

 
740,752

 
21,804

 
 
 

 
$
325,875

 
 

 
$
200,546

 
 

 
$
301,057
Mortgage Banking Revenue [Table Text Block]
Mortgage banking revenue was as follows (in thousands):
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2014
 
2013
 
2014
 
2013
Production revenue:
 
 
 
 
 
 
 
 
Residential mortgages loan held for sale
 
$
17,764

 
$
17,763

 
$
29,732

 
$
47,998

Residential mortgage loan commitments
 
7,614

 
(15,052
)
 
11,001

 
(14,442
)
Forward sales contracts
 
(7,651
)
 
23,645

 
(11,554
)
 
22,710

Total production revenue
 
17,727

 
26,356

 
29,179

 
56,266

Servicing revenue
 
11,603

 
10,240

 
22,995

 
20,306

Total mortgage banking revenue
 
$
29,330

 
$
36,596

 
$
52,174

 
$
76,572
Summary of Mortgage Servicing Rights [Table Text Block]
The following represents a summary of mortgage servicing rights (Dollars in thousands):
 
 
June 30,
2014
 
December 31,
2013
 
June 30,
2013
Number of residential mortgage loans serviced for others
 
110,404

 
106,137

 
101,498

Outstanding principal balance of residential mortgage loans serviced for others
 
$
14,626,291

 
$
13,718,942

 
$
12,741,651

Weighted average interest rate
 
4.36
%
 
4.40
%
 
4.47
%
Remaining term (in months)
 
293

 
292

 
291
Activity in Capitalized Mortgage Servicing Rights [Table Text Block]
Activity in capitalized mortgage servicing rights during the three months ended June 30, 2014 was as follows (in thousands):
 
 
Purchased
 
Originated
 
Total
Balance, March 31, 2014
 
$
14,790

 
$
138,984

 
$
153,774

Additions, net
 
—

 
13,172

 
13,172

Change in fair value due to loan runoff
 
(599
)
 
(4,163
)
 
(4,762
)
Change in fair value due to market changes
 
(1,109
)
 
(5,335
)
 
(6,444
)
Balance, June 30, 2014
 
$
13,082

 
$
142,658

 
$
155,740


Activity in capitalized mortgage servicing rights during the six months ended June 30, 2014 was as follows (in thousands):
 
 
Purchased
 
Originated
 
Total
Balance, December 31, 2013
 
$
15,935

 
$
137,398

 
$
153,333

Additions, net
 
—

 
21,816

 
21,816

Change in fair value due to loan runoff
 
(1,114
)
 
(7,390
)
 
(8,504
)
Change in fair value due to market changes
 
(1,739
)
 
(9,166
)
 
(10,905
)
Balance, June 30, 2014
 
$
13,082

 
$
142,658

 
$
155,740


Activity in capitalized mortgage servicing rights during the three months ended June 30, 2013 was as follows (in thousands):
 
 
Purchased
 
Originated
 
Total
Balance, March 31, 2013
 
$
13,203

 
$
96,637

 
$
109,840

Additions, net
 
—

 
14,499

 
14,499

Change in fair value due to loan runoff
 
(940
)
 
(4,825
)
 
(5,765
)
Change in fair value due to market changes
 
3,319

 
10,996

 
14,315

Balance, June 30, 2013
 
$
15,582

 
$
117,307

 
$
132,889
Assumptions to Value Mortgage Servicing Rights [Table Text Block]

There is no active market for trading in mortgage servicing rights after origination. Fair value is determined by discounting the projected net cash flows. Significant assumptions used to determine fair value based on significant unobservable inputs were as follows:

 
 
June 30,
2014
 
December 31,
2013
 
June 30,
2013
Discount rate – risk-free rate plus a market premium
 
10.20%
 
10.21%
 
10.25%
Loan servicing costs – annually per loan based upon loan type:
 
 
 
 
 
 
    Performing loans
 
$60-$105
 
$60 - $105
 
$58 - $105
    Delinquent loans
 
$150 - $500
 
$150 - $500
 
$135 - $500
    Loans in foreclosure
 
$1,000-$4,250
 
$1,000 - $4,250
 
$875 - $4,250
Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life
 
1.69%
 
1.80%
 
1.56%
Stratification of Loan Servicing Portfolio [Table Text Block]
Stratification of the residential mortgage loan servicing portfolio and outstanding principal of loans serviced for others by interest rate at June 30, 2014 follows (in thousands):
 
 
< 4.00%
 
4.00% - 4.99%

 
5.00% - 5.99%

 
> 5.99%
 
Total
Fair value
 
$
61,918

 
$
65,639

 
$
22,702

 
$
5,481

 
$
155,740

Outstanding principal of loans serviced for others
 
$
5,682,055

 
$
5,687,478

 
$
2,187,993

 
$
1,068,765

 
$
14,626,291

Weighted average prepayment rate1
 
7.33
%
 
8.26
%
 
12.60
%
 
28.53
%
 
10.03
%
1 
Annual prepayment estimates based upon loan interest rate, original term and loan type. Weighted average prepayment rate is determined by weighting the prepayment speed for each loan by its unpaid principal balance.
Aging Status of Mortgage Loans Serviced For Others [Table Text Block]
The aging status of our mortgage loans serviced for others by investor at June 30, 2014 follows (in thousands):
 
 
 
 
Past Due
 
 
 
 
Current
 
30 to 59
Days
 
60 to 89
Days
 
90 Days or More
 
Total
FHLMC
 
$
4,681,165

 
$
36,913

 
$
9,828

 
$
31,543

 
$
4,759,449

FNMA
 
4,628,707

 
25,380

 
7,206

 
20,149

 
4,681,442

GNMA
 
4,538,079

 
125,530

 
35,461

 
14,487

 
4,713,557

Other
 
458,621

 
6,382

 
1,922

 
4,918

 
471,843

Total
 
$
14,306,572

 
$
194,205

 
$
54,417

 
$
71,097

 
$
14,626,291
Activity in Allowance for Losses On Loans Sold With Recourse [Table Text Block]
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
Beginning balance
$
9,066

 
$
11,420

 
$
9,562

 
$
13,158

Provision for recourse losses
183

 
416

 
167

 
(348
)
Loans charged off, net
(559
)
 
(916
)
 
(1,039
)
 
(1,890
)
Ending balance
$
8,690

 
$
10,920

 
$
8,690

 
$
10,920
Summary of Unresolved Deficiency Requests and Related Accrual for Credit Losses [Table Text Block]
A summary of unresolved deficiency requests from the agencies follows (in thousands, except for number of unresolved deficiency requests):
 
June 30,
2014
 
June 30,
2013
Number of unresolved deficiency requests
188

 
464

Aggregate outstanding principal balance subject to unresolved deficiency requests
$
16,497

 
$
55,517

Unpaid principal balance subject to indemnification by the Company
2,248

 
1,774



The activity in the accrual for credit losses related to potential loan repurchases and indemnifications under representations and warranties is summarized as follows (in thousands).
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
Beginning balance
$
7,877

 
$
5,877

 
$
8,845

 
$
5,291

Provision for repurchase losses
(2,229
)
 
453

 
(3,071
)
 
1,429

Losses on repurchases and indemnifications, net
(75
)
 
(149
)
 
(201
)
 
(539
)
Ending balance
$
5,573


$
6,181


$
5,573


$
6,181