Acquisition of Our Manager's Agency Platform (Tables)

12 Months Ended

Dec. 31, 2016

Acquisition of Our Manager's Agency Platform

Schedule of purchase price allocations

Purchase Price:
Issuance of 21,230,769 OP Units at $7.29 per share (based on the closing stock price at the Acquisition date)	$	154,772,306
Cash on hand		87,755,517
Borrowings from seller financing—related party		50,000,000
Total consideration	$	292,527,823
Allocated to:
Cash and cash equivalents	$	7,982,584
Restricted cash		5,000,000
Loans held-for-sale		424,796,318
Available-for-sale securities		4,908,283
Capitalized mortgage servicing rights		221,647,421
Fixed assets		5,216,972
Other assets		10,752,173
Finite-lived intangible assets		44,310,000
Infinite-lived intangible assets		29,000,000
Credit facilities and repurchase agreements		(420,889,886	)
Allowance for loss-sharing obligations		(32,616,821	)
Other liabilities		(34,326,602	)
Goodwill		26,747,381
Net assets acquired	$	292,527,823

Schedule of Supplementary Pro Forma Information

	Year Ended December 31,
Supplementary Pro Forma Information	2016		2015
Revenues	$	294,472,561	$	272,429,078
Net income attributable to noncontrolling interest	$	26,744,223	$	23,447,048
Net income attributable to common stockholders	$	60,880,055	$	56,166,192
Diluted earnings per common share	$	1.18	$	1.10