Use of Special Purpose Entities (Tables) - VIEs

6 Months Ended

Jun. 30, 2017

Summary of information on securitized debt obligations of consolidated VIEs

	June 30, 2017						December 31, 2016
	Current				Weighted			Current				Weighted
	Principal		Carrying		Average			Principal		Carrying		Average
(In Thousands)	Balance		value		Interest Rate			Balance		value		Interest Rate
Waterfall Victoria Mortgage Trust 2011-SBC2	$	18,099	$	18,099	5.3	%		$	24,472	$	24,472	5.2	%
Sutherland Commercial Mortgage Loans 2015-SBC4		17,575		16,908	4.0				39,464		38,402	3.9
ReadyCap Commercial Mortgage Trust 2014-1		65,523		65,391	3.5				84,320		83,885	3.4
ReadyCap Commercial Mortgage Trust 2015-2		162,624		157,563	4.1				166,232		160,699	4.0
ReadyCap Commercial Mortgage Trust 2016-3		105,715		102,434	3.5				133,774		129,914	3.5
ReadyCap Lending Small Business Trust 2015-1		37,947		37,516	2.4				56,055		55,570	2.0
Total	$	407,483	$	397,911	3.7	%		$	504,317	$	492,942	3.6	%

Consolidated balance sheets of VIEs

(In Thousands)	June 30, 2017		December 31, 2016
Assets:
Cash and cash equivalents	$	—	$	131
Restricted cash		482		808
Loans, held-for-investment (net of allowances for loan losses of $3,349 at June 30, 2017 and $3,409 at December 31, 2016)		580,915		655,559
Real estate acquired in settlement of loans		3,557		4,103
Accrued interest		2,504		2,835
Due from servicers		9,819		27,660
Total assets		597,277		691,096
Liabilities:
Securitized debt obligations of consolidated VIEs		397,911		492,942
Total liabilities		397,911		492,942
Equity	$	199,366	$	198,154