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Real Estate Owned (Tables)
 12 Months Ended
Dec. 31, 2015
Real Estate [Abstract]  
Schedule of Activity for Real Estate Owned
The following table presents the activity in the Company’s REO for the years ended December 31, 2015 and 2014. The Company did not have REO prior to 2014.
 
 
For the Year Ended December 31,
(In Thousands)
 
2015
 
2014
Balance at beginning of period
 
$
5,492

 
$
—

Adjustments to record at lower of cost or fair value
 
(3,475
)
 
—

Transfer from residential whole loans (1)
 
30,104

 
2,904

Purchases and capital improvements
 
2,461

 
2,588

Disposals
 
(6,556
)
 
—

Balance at end of period
 
$
28,026

 
$
5,492


(1)  Includes net gain recorded on transfer of approximately $1.7 million and $331,000, respectively, for the years ended December 31, 2015 and 2014.