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Real Estate Owned (Tables)
 9 Months Ended
Sep. 30, 2015
Real Estate [Abstract]  
Schedule of Activity for Real Estate Owned
The following table presents the activity in the Company’s REO for the three and nine months ended September 30, 2015. The Company did not have REO during the three and nine months ended September 30, 2014.
(In Thousands)
 
Three Months Ended 
 September 30, 2015
 
Nine Months Ended 
 September 30, 2015
Balance at beginning of period
 
$
8,857

 
$
5,492

Adjustments to record at lower of cost or fair value
 
(560
)
 
(1,939
)
Transfer from residential whole loans (1)
 
5,892

 
12,894

Purchases and capital improvements
 
2,052

 
2,052

Disposals
 
(1,716
)
 
(3,974
)
Balance at end of period
 
$
14,525

 
$
14,525


(1)  Includes net gain recorded on transfer of approximately $110,000 and $704,000, respectively, for the three and nine months ended September 30, 2015.