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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2013
Net gain on investments:    
Net unrealized gain on mortgage loans $ 7,165 $ 8,293
Net realized gain on mortgage loans 1,719 2,106
Total net gain on investments 8,884 10,399
Expenses:    
Residential rental property operating expenses 84 84
Related party mortgage loan servicing costs 1,242 1,634
Interest expense 654 696
Related party general and administrative 1,156 2,234
General and administrative 714 1,701
Total expenses 3,850 6,349
Other income 193 193
Net income $ 5,227 $ 4,243
Earnings per share of common stock – basic:    
Earnings per basic share $ 0.27 $ 0.31
Weighted average common stock outstanding – basic 19,374,601 13,624,599
Earnings per share of common stock – diluted:    
Earnings per diluted share $ 0.26 $ 0.29
Weighted average common stock outstanding – diluted 20,259,184 14,522,227