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Residential Whole Loans (Tables)
 6 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule of Activity in Allowance for Loan Losses, Residential Whole Loans
The following table presents the activity in the Company’s allowance for loan losses on its residential whole loan pools at carrying value for the three and six months ended June 30, 2016 and 2015:

 (In Thousands)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016

2015
 
2016
 
2015
Balance at the beginning of period
 
$
1,128

 
$
464

 
$
1,165

 
$
137

(Reversal of)/provisions for loan losses
 
(105
)
 
123

 
(142
)
 
450

Balance at the end of period
 
$
1,023

 
$
587

 
$
1,023

 
$
587
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period
The following table presents information regarding estimates of the contractually required payments, the cash flows expected to be collected, and the estimated fair value of the residential whole loans held at carrying value acquired by the Company for the three and six months ended June 30, 2016 and 2015:

 (In Thousands)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Contractually required principal and interest
 
$
42,234

 
$
14,505

 
$
241,326

 
$
93,304

Contractual cash flows not expected to be collected (non-accretable yield)
 
(6,374
)
 
(3,795
)
 
(35,037
)
 
(17,152
)
Expected cash flows to be collected
 
35,860

 
10,710

 
206,289

 
76,152

Interest component of expected cash flows 
(accretable yield)
 
(11,240
)
 
(4,440
)
 
(69,749
)
 
(31,280
)
Fair value at the date of acquisition
 
$
24,620

 
$
6,270

 
$
136,540

 
$
44,872
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield Movement
The following table presents accretable yield activity for the Company’s residential whole loans held at carrying value for the three and six months ended June 30, 2016 and 2015:

 (In Thousands)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Balance at beginning of period
 
$
229,408

 
$
154,951

 
$
175,271

 
$
133,012

  Additions
 
11,240

 
4,440

 
69,749

 
31,280

  Accretion
 
(5,758
)
 
(3,965
)
 
(10,195
)
 
(7,433
)
  Reclassifications (to)/from non-accretable difference, net
 
(363
)
 
148

 
(298
)
 
(1,285
)
Balance at end of period
 
$
234,527

 
$
155,574

 
$
234,527

 
$
155,574
Residential Whole Loans, Fair Value
The following table presents information regarding the Company’s residential whole loans at fair value at June 30, 2016 and December 31, 2015:
 (Dollars in Thousands)
 
June 30, 2016
 
December 31, 2015
Outstanding principal balance
 
$
844,846

 
$
786,330

Aggregate fair value
 
$
684,582

 
$
623,276

Number of loans
 
3,117

 
3,143
Residential Whole Loans, Fair Value, Component of Net gain on residential whole loans
The following table presents the components of Net gain on residential whole loans held at fair value for the three and six months ended June 30, 2016 and 2015:
 (In Thousands)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Coupon payments and other income received
 
$
5,333

 
$
1,572

 
$
9,734

 
$
2,893

Net unrealized gains
 
8,390

 
1,165

 
14,616

 
1,510

Net gain on payoff/liquidation of loans
 
747

 
487

 
2,001

 
855

    Total
 
$
14,470

 
$
3,224

 
$
26,351

 
$
5,258