Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Real estate held for use:
Land	$ 21,267us-gaap_Land	$ 14,424us-gaap_Land
Rental residential properties (net of accumulated depreciation of $2,046 and $1,062, respectively)	86,206us-gaap_RentalProperties	60,908us-gaap_RentalProperties
Real estate owned	456,479	457,045
Total real estate held for use, net	563,952us-gaap_RealEstateInvestmentPropertyNet	532,377us-gaap_RealEstateInvestmentPropertyNet
Real estate assets held for sale	150,807us-gaap_RealEstateHeldforsale	92,230us-gaap_RealEstateHeldforsale
Mortgage loans at fair value	1,853,495	1,959,044
Mortgage loans held for sale	12,485us-gaap_LoansHeldForSaleMortgages	12,535us-gaap_LoansHeldForSaleMortgages
Cash and cash equivalents	53,246	66,166
Restricted cash	14,766	13,282
Accounts receivable	10,398us-gaap_AccountsReceivableNetCurrent	10,313us-gaap_AccountsReceivableNetCurrent
Related party receivables	24,530us-gaap_DueFromRelatedParties	17,491us-gaap_DueFromRelatedParties
Investment in affiliate	18,000	18,000
Deferred leasing and financing costs, net	5,384us-gaap_DeferredFinanceCostsNet	4,251us-gaap_DeferredFinanceCostsNet
Prepaid expenses and other assets	672us-gaap_PrepaidExpenseAndOtherAssets	373us-gaap_PrepaidExpenseAndOtherAssets
Total assets	2,707,735us-gaap_Assets	2,726,062us-gaap_Assets
Liabilities:
Repurchase agreements	929,287us-gaap_SecuredDebtRepurchaseAgreements	1,015,000us-gaap_SecuredDebtRepurchaseAgreements
Other secured borrowings (including $14,991 repurchase agreement with NewSource at March 31, 2015 and December 31, 2014)	379,840us-gaap_SecuredDebtOther	339,082us-gaap_SecuredDebtOther
Accounts payable and accrued liabilities	42,686	11,678
Related party payables	52,541	33,391
Total liabilities	1,404,354us-gaap_Liabilities	1,399,151us-gaap_Liabilities
Commitments and contingencies (Note 6)
Equity:
Common stock, $.01 par value, 200,000,000 authorized shares; 57,203,211 and 57,192,212 shares issued and outstanding, at March 31, 2015 and December 31, 2014, respectively	572us-gaap_CommonStockValue	572us-gaap_CommonStockValue
Additional paid-in capital	1,227,175us-gaap_AdditionalPaidInCapital	1,227,091us-gaap_AdditionalPaidInCapital
Retained earnings	75,634	99,248
Total equity	1,303,381	1,326,911
Total liabilities and equity	$ 2,707,735	$ 2,726,062

1) The current amount of expenditures for a real estate project that has not yet been completed and 2) carrying amount as of the balance sheet date of land and buildings obtained through foreclosure proceedings or defeasance in full or partial satisfaction of a debt arrangement.

No definition available.