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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Interest income $ 277,477 $ 178,177 $ 467,513 $ 262,550
Interest expense 100,685 81,871 181,913 115,850
Net interest income (expense) 176,792 96,306 285,600 146,700
Impairment        
Other-than-temporary impairment (OTTI) on securities 2,819 649 6,073 1,720
Valuation and loss provision on loans and real estate owned 16,825 4,772 23,570 5,749
Total Impairment Charges 19,644 5,421 29,643 7,469
Net interest income after impairment 157,148 90,885 255,957 139,231
Other Income        
Change in fair value of investments in excess mortgage servicing rights (15,263) 356 (7,337) (1,405)
Change in fair value of investments in excess mortgage servicing rights, equity method investees (675) 3,095 2,347 8,016
Change in fair value of investments in servicer advances 13,946 24,562 (17,278) 16,893
Gain on consumer loans investment 0 8,510 9,943 18,957
Gain on remeasurement of consumer loans investment 0 0 71,250 0
Gain (loss) on settlement of investments, net (12,711) 1,201 (27,211) 15,968
Other income (loss), net (5,020) (74) (19,515) (8,484)
Other Income (19,723) 37,650 12,199 49,945
Operating Expenses        
General and administrative expenses 7,224 21,239 19,305 29,799
Management fee to affiliate 10,008 8,371 20,016 13,497
Incentive compensation to affiliate 4,929 2,391 6,125 6,084
Loan servicing expense 14,119 2,951 15,850 7,842
Total Operating Expenses 36,280 34,952 61,296 57,222
Income (Loss) Before Income Taxes 101,145 93,583 206,860 131,954
Income tax expense (benefit) 7,518 14,306 (2,705) 10,879
Net Income (Loss) 93,627 79,277 209,565 121,075
Noncontrolling Interests in Income of Consolidated Subsidiaries 24,975 4,158 29,177 9,981
Net Income Attributable to Common Stockholders $ 68,652 $ 75,119 $ 180,388 $ 111,094
Net Income Per Share of Common Stock        
Basic (in dollars per share) $ 0.30 $ 0.37 $ 0.78 $ 0.65
Diluted (in dollars per share) $ 0.30 $ 0.37 $ 0.78 $ 0.63
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 230,478,390 200,910,040 230,474,796 171,336,768
Diluted (in shares) 230,839,753 205,169,099 230,689,233 175,206,662
Dividend declared per Share of Common Stock (in dollars per share) $ 0.46 $ 0.45 $ 0.92 $ 0.83