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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 7 Months Ended 9 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2013
Net gain on investments:      
Rental revenues $ 6   $ 6
Net unrealized gain on mortgage loans 17,670   25,963
Net realized gain on mortgage loans 1,909   4,015
Total net gain on investments 19,585   29,984
Expenses:      
Residential rental property operating expenses 191   275
Real estate depreciation and amortization 4   4
Related party mortgage loan servicing costs 2,154   3,788
Interest expense 467   1,163
Related party general and administrative 2,039 42 4,474
General and administrative 1,190 47 2,690
Total expenses 6,045 89 12,394
Other income 169   362
Net income $ 13,709 $ (89) $ 17,952
Earnings per share of common stock – basic:      
Earnings per basic share (in USD per share) $ 0.55 $ (0.01) $ 1.03
Weighted average common stock outstanding – basic (in shares) 25,078,727 7,810,708 17,484,598
Earnings per share of common stock – diluted:      
Earnings per diluted share (in USD per share) $ 0.53 $ (0.01) $ 0.98
Weighted average common stock outstanding – diluted (in shares) 25,949,293 7,810,708 18,373,205
Dividends declared per common share (in USD per share) $ 0.10   $ 0.10