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Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 2014
Real Estate [Abstract]  
Schedule of Activity for Real Estate Owned
The following table presents the activity in the Company’s REO for the year ended December 31, 2014. The Company did not have REO prior to 2014.

(In Thousands)
 
For the Year Ended December 31, 2014
Balance at beginning of period
 
$
—

Transfer from residential whole loans (1)
 
2,904

Purchases
 
2,588

Balance at end of period
 
$
5,492


(1)  Includes gain recorded on transfer of approximately $331,000.