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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Interest income $ 182,341 $ 97,587 $ 444,891 $ 261,733
Interest expense 77,558 33,307 193,408 108,816
Net interest income (expense) 104,783 64,280 251,483 152,917
Impairment        
Other-than-temporary impairment (“OTTI”) on securities 1,574 0 3,294 943
Valuation provision (reversal) on loans and real estate owned (3,341) 1,134 2,408 1,591
Total Impairment Charges (1,767) 1,134 5,702 2,534
Net interest income after impairment 106,550 63,146 245,781 150,383
Other Income        
Change in fair value of investments in excess mortgage servicing rights 1,131 28,566 (274) 40,670
Change in fair value of investments in excess mortgage servicing rights, equity method investees 8,427 31,833 16,443 50,950
Change in fair value of investments in servicer advances (18,738) 22,948 (1,845) 105,825
Earnings from investments in consumer loans, equity method investees 0 22,490 0 60,185
Gain (loss) on settlement of investments, net (16,409) 938 (441) 57,834
Other income (loss), net 7,764 15,289 18,237 19,539
Other Income (17,825) 122,064 32,120 335,003
Operating Expenses        
General and administrative expenses 19,563 7,499 49,362 14,886
Management fee to affiliate 9,860 5,124 23,357 14,525
Incentive compensation to affiliate 1,811 10,910 7,895 33,111
Loan servicing expense 1,668 1,778 9,510 2,210
Total Operating Expenses 32,902 25,311 90,124 64,732
Income (Loss) Before Income Taxes 55,823 159,899 187,777 420,654
Income tax expense (benefit) (5,932) 7,801 4,947 29,483
Net Income (Loss) 61,755 152,098 182,830 391,171
Noncontrolling Interests in Income of Consolidated Subsidiaries 7,230 25,726 17,174 92,524
Net Income Attributable to Common Stockholders $ 54,525 $ 126,372 $ 165,656 $ 298,647
Net Income Per Share of Common Stock        
Basic (in dollars per share) $ 0.24 $ 0.89 $ 0.87 $ 2.22
Diluted (in dollars per share) $ 0.24 $ 0.88 $ 0.85 $ 2.16
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 230,455,568 141,211,580 191,259,587 134,814,020
Diluted (in shares) 231,215,235 144,166,601 194,081,345 137,972,639
Dividend declared per share (in dollars per share) $ 0.46 $ 0.35 $ 1.29 $ 1.2