Collateralized Financing Entity (Tables)

3 Months Ended

Mar. 31, 2016

Collateralized Financings [Abstract]

Schedule of Carrying Amounts and Classifications of the CEF's Assets And Liabilities

The following table presents the carrying amounts and classifications of the CFE’s assets and liabilities as reflected in the Company’s consolidated balance sheets, prior to certain consolidation adjustments:

	March 31, 2016		December 31, 2015
Mortgage loans held-for-investment in securitization trusts	$	208,047	$	225,285
Accrued interest receivable and other assets		8,176		2,955
Total assets	$	216,223	$	228,240
Collateralized borrowings in securitization trusts	$	60,550	$	57,611
Accrued interest payable		125		133
Other liabilities		37		40
Total liabilities	$	60,712	$	57,784

Components of Statement of Income of the CFE

The following table presents the statement of income of the CFE as reflected in the Company’s consolidated statements of income:

	Three Months Ended
	March 31, 2016
Interest income	$	1,819
Interest expense		(406	)
Net interest margin		1,413
Gain on mortgage loans		1,201
Loss on collateralized borrowings		(358	)
Operating expenses		(26	)
Net income	$	2,230