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Mortgage-Backed Debt (Tables)

12 Months Ended

Dec. 31, 2016

Mortgage Backed Debt [Abstract]

Schedule of Mortgage-Backed Debt

Provided in the table below is information regarding the mortgage-backed debt (dollars in thousands):



		December 31, 2016							December 31, 2015
		Carrying Value				Weighted-Average Stated Interest Rate ⁽¹⁾			Carrying Value				Weighted-Average Stated Interest Rate⁽¹⁾
Mortgage-backed debt at amortized cost (unpaid principal balance of $434,667 and $474,759 at December 31, 2016 and 2015, respectively)		$	429,931			6.07	%		$	469,339			6.07	%
Mortgage-backed debt at fair value (unpaid principal balance of $518,317 and $585,839 at December 31, 2016 and 2015, respectively)		514,025				5.70	%		582,340				5.53	%
Total mortgage-backed debt		$	943,956			5.87	%		$	1,051,679			5.77	%

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(1)	Represents the weighted-average stated interest rate, which may be different from the effective rate, which considers the amortization of discounts and issuance costs.