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Residential Whole Loans (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2017, 2016 and 2015:

 (In Thousands)
 
For the Year Ended December 31,
 
 
2017
 
2016
 
2015
Balance at the beginning of period
 
$
990

 
$
1,165

 
$
137

(Reversal of provisions)/provisions for loan losses
 
(660
)
 
(175
)
 
1,028

Balance at the end of period
 
$
330

 
$
990

 
$
1,165
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 purchase credit impaired residential whole loans held at carrying value acquired by the Company for the years ended December 31, 2017 and 2016:

 (In Thousands)
 
For the Year Ended December 31,
 
 
2017
 
2016
Contractually required principal and interest
 
$
534,112

 
$
662,747

Contractual cash flows not expected to be collected (non-accretable yield)
 
(129,547
)
 
(117,694
)
Expected cash flows to be collected
 
404,565

 
545,053

Interest component of expected cash flows (accretable yield)
 
(137,378
)
 
(181,534
)
Fair value at the date of acquisition
 
$
267,187

 
$
363,519
Schedule of Residential Whole Loans at Carrying Value Accretable Yield Activity
The following table presents accretable yield activity for the Company’s purchase credit impaired residential whole loans held at carrying value for the years ended December 31, 2017 and 2016:

 (In Thousands)
 
For the Year Ended December 31,
 
 
2017
 
2016
Balance at beginning of period
 
$
334,379

 
$
175,271

  Additions
 
137,378

 
181,534

  Accretion
 
(35,657
)
 
(23,916
)
  Liquidations and other
 
(16,356
)
 
—

  Reclassifications from non-accretable difference, net
 
2,128

 
1,490

Balance at end of period
 
$
421,872

 
$
334,379
Residential Whole Loans, Fair Value
The following table presents information regarding the Company’s residential whole loans held at fair value at December 31, 2017 and 2016:
 (Dollars in Thousands)
 
December 31, 2017
 
December 31, 2016
Outstanding principal balance
 
$
1,562,373

 
$
966,174

Aggregate fair value
 
$
1,325,115

 
$
814,682

Number of loans
 
6,514

 
3,812
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, 2017, 2016 and 2015:
 
 
For the Year Ended December 31,
 (In Thousands)
 
2017
 
2016
 
2015
Coupon payments and other income received
 
$
41,373

 
$
23,017

 
$
9,304

Net unrealized gains
 
33,617

 
31,254

 
6,539

Net gain on payoff/liquidation of loans
 
4,958

 
5,413

 
1,879

Net gain on transfers to REO
 
10,071

 
2,921

 
1,853

    Total
 
$
90,019

 
$
62,605

 
$
19,575