Loans sales and securitizations (Details) (Residential Mortgage [Member], USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Residential Mortgage [Member]
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Summarizes activity relating to residential mortgage loans sold with servicing retained | ||||||||||||||||
Residential mortgage loans sold with servicing retained | $ 889,769 | $ 515,179 | $ 2,746,068 | $ 2,264,697 | ||||||||||||
Pretax gains resulting from above loan sales | 30,195 | [1] | 12,737 | [1] | 83,849 | [1] | 57,982 | [1] | ||||||||
Summarize the changes in MSRs using the fair value method | ||||||||||||||||
Fair value, beginning of period | 45,061 | 104,997 | 65,001 | 125,679 | ||||||||||||
Change in fair value during the period due to: | ||||||||||||||||
Time decay | (633) | [2] | (1,222) | [2] | (2,282) | [2] | (3,987) | [2] | ||||||||
Payoffs | (3,043) | [3] | (4,614) | [3] | (11,334) | [3] | (15,013) | [3] | ||||||||
Changes in valuation inputs or assumptions | (4,764) | [4] | (25,337) | [4] | (14,764) | [4] | (32,855) | [4] | ||||||||
Fair value, end of period | $ 36,621 | $ 73,824 | $ 36,621 | $ 73,824 | ||||||||||||
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- Details
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- Definition
Residential mortgage loans with servicing retained sold. No definition available.
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- Definition
Servicing Asset At Fair Value Payoffs. No definition available.
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- Definition
Time decay. No definition available.
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- Definition
The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value as of the balance sheet date of an asset representing net future revenues from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net Increase or Decrease in fair value as a result of changes in the inputs, assumptions, or model used to calculate the fair value of servicing assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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