Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Rental revenues	$ 32,960	$ 9,590	$ 88,680	$ 24,242
Change in unrealized gain on mortgage loans	(28,128)	(41,152)	(157,817)	(155,306)
Net realized (loss) gain on sales of mortgage loans	(2,700)	9,447	73,077	80,506
Net realized gain on sales of real estate	21,369	26,307	62,132	94,833
Interest income	164	209	341	425
Total revenues	23,665	4,401	66,413	44,700
Expenses:
Residential property operating expenses	17,493	15,011	55,089	51,215
Real estate depreciation and amortization	15,309	5,149	45,288	12,790
Acquisition fees and costs	283	5,202	659	8,306
Selling costs and impairment	7,352	11,570	30,686	50,003
Mortgage loan servicing costs	802	7,792	9,672	27,960
Interest expense	14,240	10,174	44,965	37,060
Share-based compensation	358	419	2,824	493
General and administrative	3,452	2,081	8,656	8,607
Management fees to AAMC	4,129	4,658	13,377	14,234
Total expenses	63,418	62,056	211,216	210,668
Operating loss	(39,753)	(57,655)	(144,803)	(165,968)
Losses resulting from natural disasters	(6,021)	0	(6,021)	0
Insurance recoveries related to natural disasters	2,886	0	2,886	0
Other expense	0	0	0	(750)
Loss before income taxes	(42,888)	(57,655)	(147,938)	(166,718)
Income tax expense (benefit)	28	(17)	42	106
Net loss	$ (42,916)	$ (57,638)	$ (147,980)	$ (166,824)
Loss per share of common stock - basic:
Loss per basic share (usd per share)	$ (0.80)	$ (1.06)	$ (2.77)	$ (3.05)
Weighted average common stock outstanding – basic (in shares)	53,408,288	54,178,129	53,508,881	54,722,828
Loss per share of common stock - diluted:
Loss per diluted share (usd per share)	$ (0.80)	$ (1.06)	$ (2.77)	$ (3.05)
Weighted average common stock outstanding – diluted (in shares)	53,408,288	54,178,129	53,508,881	54,722,828
Dividends declared per common share (usd per share)	$ 0.15	$ 0.15	$ 0.45	$ 0.60