XML 39 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value (Tables)
 3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments
The fair value measurement of NVRM's undesignated derivative instruments was as follows:
 
 
 
 
 
 
 
March 31, 2018
 
December 31, 2017
Rate lock commitments:
 
 
 
 
Gross assets
 
$
11,069

 
$
5,400

Gross liabilities
 
1,745

 
1,832

Net rate lock commitments
 
$
9,324

 
$
3,568

Forward sales contracts:
 
 
 
 
Gross assets
 
$
754

 
$
992

Gross liabilities
 
2,263

 
667

Net forward sales contracts
 
$
(1,509
)
 
$
325
Fair Value Measurement
The fair value measurement as of March 31, 2018 was as follows:
 
 
Notional or
Principal
Amount
 
Assumed
Gain/(Loss)
From Loan
Sale
 
Interest
Rate
Movement
Effect
 
Servicing
Rights
Value
 
Security
Price
Change
 
Total Fair
Value
Measurement
Gain/(Loss)
Rate lock commitments
 
$
778,931

 
$
1,156

 
$
42

 
$
8,126

 
$
—

 
$
9,324

Forward sales contracts
 
$
1,046,318

 
—

 
—

 
—

 
(1,509
)
 
(1,509
)
Mortgages held for sale
 
$
342,000

 
770

 
(2,933
)
 
4,186

 
—

 
2,023

Total fair value measurement
 
 
 
$
1,926

 
$
(2,891
)
 
$
12,312

 
$
(1,509
)
 
$
9,838