Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Real estate held for use:
Land	$ 81,905	$ 56,346
Rental residential properties (net of accumulated depreciation of $13,337 and $7,127, respectively)	332,037	224,040
Real estate owned	311,642	455,483
Total real estate held for use, net	725,584	735,869
Real estate assets held for sale	225,682	250,557
Mortgage loans at fair value	707,445	960,534
Mortgage loans held for sale	4,058	317,336
Cash and cash equivalents	228,341	116,702
Restricted cash	14,483	20,566
Accounts receivable, net	47,378	45,903
Related party receivables	0	2,180
Prepaid expenses and other assets	1,822	1,126
Total assets	1,954,793	2,450,773
Liabilities:
Repurchase and loan agreements	740,485	763,369
Other secured borrowings	160,392	502,599
Accounts payable and accrued liabilities	42,322	32,448
Related party payables	5,489	0
Total Liabilities	948,688	1,298,416
Commitments and contingencies (Note 7)
Equity:
Common stock, $.01 par value, 200,000,000 authorized shares; 54,465,184 shares issued and outstanding as of June 30, 2016 and 55,581,005 shares issued and outstanding as of December 31, 2015	545	556
Additional paid-in capital	1,190,011	1,202,418
Accumulated deficit	(184,451)	(50,617)
Total equity	1,006,105	1,152,357
Total liabilities and equity	$ 1,954,793	$ 2,450,773