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