Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Real estate held for use:
Land (from previously consolidated VIE as of December 31, 2015)	$ 0	$ 56,346
Rental residential properties (net of accumulated depreciation of $7,127 as of December 31, 2015 - from previously consolidated VIE)	0	224,040
Real estate owned (from previously consolidated VIE as of December 31, 2015)	0	455,483
Total real estate held for use, net	0	735,869
Real estate assets held for sale (from previously consolidated VIE as of December 31, 2015)	0	250,557
Mortgage loans at fair value (from previously consolidated VIE as of December 31, 2015)	0	960,534
Mortgage loans held for sale (from previously consolidated VIE as of December 31, 2015)	0	317,336
Cash and cash equivalents (including $116,702 from previously consolidated VIE as of December 31, 2015)	41,893	184,544
Restricted cash (from previously consolidated VIE as of December 31, 2015)	0	20,566
Available-for-sale securities	17,707	0
Accounts receivable, net (including $45,903 from previously consolidated VIE as of December 31, 2015)	0	46,026
Related party receivables	4,926	0
Prepaid expenses and other assets (including $1,126 from previously consolidated VIE as of December 31, 2015)	1,415	3,169
Total assets	65,941	2,518,601
Liabilities:
Repurchase and loan agreements (from previously consolidated VIE as of December 31, 2015)	0	763,369
Other secured borrowings (from previously consolidated VIE as of December 31, 2015)	0	502,599
Accrued salaries and employee benefits	3,131	4,006
Accounts payable and other accrued liabilities (including $32,448 from previously consolidated VIE as of December 31, 2015)	2,544	34,716
Total liabilities	5,675	1,304,690
Commitments and contingencies (Note 6)
Redeemable preferred stock:
Preferred stock, $0.01 par value, 250,000 shares issued and outstanding as of September 30, 2016 and December 31, 2015; redemption value $250,000	249,288	249,133
Stockholders' (deficit) equity:
Common stock, $0.01 par value, 5,000,000 authorized shares; 2,603,439 and 1,637,821 shares issued and outstanding, respectively, as of September 30, 2016 and 2,556,828 and 2,048,223 shares issued and outstanding, respectively, as of December 31, 2015	26	26
Additional paid-in capital	28,285	23,419
Retained earnings	47,860	50,678
Accumulated other comprehensive loss	(2,889)	0
Treasury stock, at cost, 965,618 shares as of September 30, 2016 and 508,605 shares as of December 31, 2015	(262,304)	(254,984)
Total stockholders' deficit	(189,022)	(180,861)
Noncontrolling interest in consolidated affiliate	0	1,145,639
Total (deficit) equity	(189,022)	964,778
Total liabilities and equity	$ 65,941	$ 2,518,601