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Fair Value (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments

The undesignated derivative instruments are included on the accompanying condensed consolidated balance sheet, as of September 30, 2015, as follows:

 

 

 

Fair Value

 

 

Balance Sheet Location

Rate lock commitments:

 

 

 

 

 

 

Gross assets

 

$

11,282

 

 

 

Gross liabilities

 

 

1,532

 

 

 

Net rate lock commitments

 

$

9,750

 

 

NVRM - Other assets

Forward sales contracts:

 

 

 

 

 

 

Gross assets

 

$

12

 

 

 

Gross liabilities

 

 

4,713

 

 

 

Net forward sales contracts

 

$

4,701

 

 

NVRM - Accounts payable and other liabilities

 

Fair Value Measurement

The fair value measurement as of September 30, 2015 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

 

$

683,479

 

 

$

(1,031

)

 

$

3,536

 

 

$

7,245

 

 

$

 

 

$

9,750

 

Forward sales contracts

 

$

913,334

 

 

 

 

 

 

 

 

 

 

 

 

(4,701

)

 

 

(4,701

)

Mortgages held for sale

 

$

256,259

 

 

 

(18

)

 

 

946

 

 

 

2,887

 

 

 

 

 

 

3,815

 

Total fair value

   measurement

 

 

 

 

 

$

(1,049

)

 

$

4,482

 

 

$

10,132

 

 

$

(4,701

)

 

$

8,864