Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Cash Flows [Abstract]
Interest Paid	$ 4,736,000	$ 0
Nonrecurring basis (assets)	96,528,000	156,000
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	48,741,000	(1,824,000)
Adjustments to reconcile net income to net cash used in operating activities:
Net unrealized gain on mortgage loans	(65,130,000)	(1,128,000)
Net realized gain on mortgage loans	(9,321,000)	(387,000)
Gains (Losses) on Sales of Other Real Estate	(55,000)	0
Depreciation, Depletion, Amortization and Other Noncash Expense	403,000	0
Real estate depreciation and amortization	48,000	0
Amortization of deferred financing costs	608,000	30,000
Share-based compensation	3,316,000	214,000
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts and Other Receivables	502,000	0
Related party receivables	(53,000)	518,000
Prepaid expenses and other assets	(530,000)	(360,000)
Accounts payable and accrued liabilities	1,118,000	711,000
Related party payables	871,000	(200,000)
Net cash used in operating activities	(19,530,000)	(2,426,000)
Investing activities:
Investment in mortgage loans	(611,357,000)	(88,257,000)
Investment in real estate	0	(278,000)
Investment in renovations	(447,000)	0
Real Estate Tax Advances	(6,259,000)	0
Proceeds from Sale of Loans Held-for-investment	32,775,000	88,000
Payments for (Proceeds from) Loans and Leases	3,129,000	0
Proceeds from Sale of Wholly Owned Real Estate and Real Estate Acquired in Settlement of Loans	734,000	0
Change in restricted cash	(1,456,000)	0
Net cash used in investing activities	(582,881,000)	(88,447,000)
Financing activities:
Proceeds from issuance of preferred stock	250,000,000	0
Cost of issuance of preferred stock	(1,114,000)	0
Issuance of common stock, including stock option exercises	2,732,000	0
Repurchase of common stock	(44,565,000)	0
Payment of tax withholdings on exercise of stock options	(2,714,000)	0
Cost of issuance of common stock	0	(73,000)
Capital contribution from noncontrolling interest	468,491,000	0
Payments of Ordinary Dividends, Noncontrolling Interest	(27,398,000)	0
Proceeds from repurchase agreement	127,664,000	12,926,000
Repayments of repurchase agreement	(30,096,000)	0
Payment of deferred financing costs	(123,000)	(1,100,000)
Net cash provided by financing activities	742,877,000	11,753,000
Net increase/(decrease) in cash and cash equivalents	140,466,000	(79,120,000)
Cash and cash equivalents as of beginning of the period	140,000,000	105,014,000
Cash and cash equivalents as of end of the period	280,466,000	25,894,000
Supplemental disclosure of cash flow information
Changes in accrued for equity issuance costs	183,000	370,000
Changes in receivables from mortgage loan dispositions, payments and real estate tax advances to borrowers, net	$ 1,247,000	$ 1,858,000