Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Rental revenues	$ 1,400	$ 69
Net unrealized gain on mortgage loans	61,134	65,130
Net realized gain on mortgage loans	15,382	9,321
Net realized gain on re-performing mortgage loans	151	0
Net realized gain on real estate	10,608	0
Interest income	240	108
Total revenues	88,915	74,628
Expenses:
Residential property operating expenses	12,459	1,050
Real estate depreciation and amortization	998	48
Real estate selling costs and impairment	14,691	354
Mortgage loan servicing costs	18,266	11,437
Interest expense	11,643	5,708
General and administrative	4,379	1,038
Related party general and administrative	16,052	12,632
Total expenses	78,488	32,267
Other income	2,000	0
Income before income taxes	12,427	42,361
Income tax expense	3	448
Net income	$ 12,424	$ 41,913
Earnings per share of common stock – basic:
Earnings per basic share	$ 0.22	$ 0.78
Weighted average common stock outstanding – basic	57,200,889	53,436,108
Earnings per share of common stock – diluted:
Earnings per diluted share	$ 0.22	$ 0.77
Weighted average common stock outstanding – diluted	57,406,619	54,086,959
Dividends declared per common share	$ 0.63	$ 0.48