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Fair Value of Financial Instruments - Level 3 Assets (Details) - Recurring basis - Level 3 - Residential Whole Loans - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of period $ 647,360 $ 144,507 $ 623,276 $ 143,472
Purchases and capitalized advances 66,169 47,700 119,759 53,729
Changes in fair value recorded in Net gain on residential whole loans held at fair value 8,390 1,165 14,616 1,510
Collection of principal, net of liquidation gains/losses (16,187) (6,394) (30,789) (8,570)
Transfer to REO (21,149) (3,117) (42,279) (6,280)
Balance at end of period $ 684,583 $ 183,861 $ 684,583 $ 183,861