Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Rental revenues	$ 8,581	$ 2,140	$ 14,652	$ 3,540
Change in unrealized gain on mortgage loans	(71,702)	42,209	(114,154)	103,343
Net realized gain on mortgage loans	8,180	19,272	20,912	34,654
Net realized gain on mortgage loans held for sale	15,950	254	50,147	405
Net realized gain on real estate	39,125	12,404	68,526	23,012
Interest income	104	240	216	480
Total revenues	238	76,519	40,299	165,434
Expenses:
Residential property operating expenses	18,003	16,857	36,204	29,316
Real estate depreciation and amortization	4,040	1,344	7,641	2,342
Acquisition fees and costs	1,523	513	3,104	877
Selling costs and impairment	11,842	8,839	38,433	23,530
Mortgage loan servicing costs	8,444	16,246	20,168	34,512
Interest expense	10,470	13,398	26,886	25,041
General and administrative	3,640	1,056	6,600	6,223
Management fees	5,050	5,151	9,576	20,051
Total expenses	63,012	63,404	148,612	141,892
Other (expense) income	(750)	0	(750)	2,000
(Loss) income before income taxes	(63,524)	13,115	(109,063)	25,542
Income tax expense	4	23	123	26
Net (loss) income	$ (63,528)	$ 13,092	$ (109,186)	$ 25,516
(Loss) earnings per share of common stock - basic:
Loss (earnings) per basic share (usd per share)	$ (1.16)	$ 0.23	$ (1.99)	$ 0.45
Weighted average common stock outstanding – basic (in shares)	54,616,221	57,208,273	54,998,171	57,204,602
(Loss) earnings per share of common stock - diluted:
Loss (earnings) per diluted share (usd per share)	$ (1.16)	$ 0.23	$ (1.99)	$ 0.44
Weighted average common stock outstanding – diluted (in shares)	54,616,221	57,407,845	54,998,171	57,407,253
Dividends declared per common share	$ 0.15	$ 0.55	$ 0.45	$ 1.18