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Residential Whole Loans (Tables)
 12 Months Ended
Dec. 31, 2016
Residential Whole Loans [Abstract]  
Schedule of Residential Whole Loan Pools at Carrying Value Allowance for Loan Losses Activity
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 years ended December 31, 2016, 2015 and 2014:

 (In Thousands)
 
For the Year Ended December 31,
 
 
2016
 
2015
 
2014
Balance at the beginning of period
 
$
1,165

 
$
137

 
$
—

(Reversal of provisions)/provisions for loan losses
 
(175
)
 
1,028

 
137

Balance at the end of period
 
$
990

 
$
1,165

 
$
137
Schedule of Residential Whole Loans at Carrying Value 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 years ended December 31, 2016, 2015 and 2014:

 (In Thousands)
 
For the Year Ended December 31,
 
 
2016
 
2015
Contractually required principal and interest
 
$
662,747

 
$
160,806

Contractual cash flows not expected to be collected (non-accretable yield)
 
(117,694
)
 
(27,040
)
Expected cash flows to be collected
 
545,053

 
133,766

Interest component of expected cash flows (accretable yield)
 
(181,534
)
 
(51,413
)
Fair value at the date of acquisition
 
$
363,519

 
$
82,353
Schedule of Residential Whole Loans at Carrying Value Accretable Yield Activity
The following table presents accretable yield activity for the Company’s residential whole loans held at carrying value for the years ended December 31, 2016 and 2015:

 (In Thousands)
 
For the Year Ended December 31,
 
 
2016
 
2015
Balance at beginning of period
 
$
175,271

 
$
133,012

  Additions
 
181,534

 
51,413

  Accretion
 
(23,916
)
 
(15,511
)
  Reclassifications from non-accretable difference, net
 
1,490

 
6,357

Balance at end of period
 
$
334,379

 
$
175,271
Residential Whole Loans, Fair Value
The following table presents information regarding the Company’s residential whole loans held at fair value at December 31, 2016 and 2015:
 (Dollars in Thousands)
 
December 31, 2016
 
December 31, 2015
Outstanding principal balance
 
$
966,276

 
$
786,330

Aggregate fair value
 
$
814,682

 
$
623,276

Number of loans
 
3,812

 
3,143
Residential Whole Loans, Fair Vale, Components of Net Income
The following table presents the components of Net gain on residential whole loans held at fair value for the years ended December 31, 2016, 2015 and 2014:
 
 
For the Year Ended December 31,
 (In Thousands)
 
2016
 
2015
 
2014
Coupon payments and other income received
 
$
23,017

 
$
9,304

 
$
504

Net unrealized gains/(losses)
 
31,254

 
6,539

 
(427
)
Net gain on payoff/liquidation of loans
 
5,413

 
1,879

 
39

    Total
 
$
59,684

 
$
17,722

 
$
116