Annual report pursuant to Section 13 and 15(d)

Residential Mortgage Loans Held-for-Sale, at Fair Value

v3.8.0.1
Residential Mortgage Loans Held-for-Sale, at Fair Value
12 Months Ended
Dec. 31, 2017
Residential Mortgage Loans Held-for-Sale [Abstract]  
Residential Mortgage Loans Held-for-Sale, at Fair Value
Residential Mortgage Loans Held-for-Sale, at Fair Value
Residential mortgage loans held-for-sale consists of residential mortgage loans carried at fair value as a result of a fair value option election. The following table presents the carrying value of the Company’s residential mortgage loans held-for-sale as of December 31, 2017 and December 31, 2016:
(in thousands)
December 31,
2017
 
December 31,
2016
Unpaid principal balance
$
37,632

 
$
49,986

Fair value adjustment
(7,218
)
 
(9,840
)
Carrying value
$
30,414

 
$
40,146