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Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]  
Schedule IV - Mortgage Loans on Real Estate
Mortgage Loans on Real Estate


December 31, 2015

Asset Type
 
Number
 
Interest
Rate
 
Maturity
Date Range
 
Balance Sheet Reported Amount
 
Principal Amount of Loans Subject to Delinquent Principal or Interest
(Dollars in Thousands)
 
 
 
 
 
 
 
 
 
 
Residential whole loans at carrying value
 
1,993

 
0.00%-14.00%
 
5/20/2015-11/1/2064
 
$
271,845

 
$
116,370

Residential whole loans at fair value
 
3,143

 
1.00%-14.00%
 
2/1/2004-12/1/2055
 
623,276

 
679,353

 
 
 
 
 
 
 
 
$
895,121

 
$
795,723



The following table summarizes the changes in the carrying amounts of residential whole loans during the year ended December 31, 2015.

Reconciliation of Balance Sheet Reported Amounts of Mortgage Loans on Real Estate

 
 
For the Year Ended December 31, 2015
(In Thousands)
 
Residential whole loans at carrying value
 
Residential whole loans at fair value
Beginning Balance
 
$
207,923

 
$
143,472

Additions during period:
 
 
 
 
Purchases and capitalized advances
 
82,338

 
534,574

Accretion of purchase discount
 
15,511

 
N/A

Deductions during period:
 
 
 
 
Collection of principal
 
(17,029
)
 
(34,767
)
Collection of interest
 
(14,053
)
 
—

Changes in fair value recorded in Gain on loans recorded at fair value
 
N/A

 
6,539

Provision for loan loss
 
(1,028
)
 
N/A

Transfer to REO
 
(1,817
)
 
(26,542
)
Ending Balance
 
$
271,845

 
$
623,276