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Real Estate Owned (Tables)
 6 Months Ended
Jun. 30, 2016
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 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
 
$
43,291

 
$
8,333

 
$
28,026

 
$
5,492

Adjustments to record at lower of cost or fair value
 
(1,219
)
 
(1,379
)
 
(2,996
)
 
(1,379
)
Transfer from residential whole loans (1)
 
22,711

 
3,554

 
44,991

 
7,002

Purchases and capital improvements
 
1,379

 
—

 
1,789

 
—

Disposals
 
(9,378
)
 
(1,651
)
 
(15,026
)
 
(2,258
)
Balance at end of period
 
$
56,784

 
$
8,857

 
$
56,784

 
$
8,857


(1)  Includes net gain recorded on transfer of approximately $1.3 million and $309,000, respectively, for the three months ended June 30, 2016 and 2015, respectively, and approximately $1.7 million and $594,000 for the six months ended June 30, 2016 and 2015, respectively.