Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income (Unaudited)

v3.4.0.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Interest income $ 190,036 $ 84,373
Interest expense 81,228 33,979
Net interest income (expense) 108,808 50,394
Impairment    
Other-than-temporary impairment (OTTI) on securities 3,254 1,071
Valuation and loss provision on loans and real estate owned 6,745 977
Total Impairment Charges 9,999 2,048
Net interest income after impairment 98,809 48,346
Other Income    
Change in fair value of investments in excess mortgage servicing rights 7,926 (1,761)
Change in fair value of investments in excess mortgage servicing rights, equity method investees 3,022 4,921
Change in fair value of investments in servicer advances (31,224) (7,669)
Gain on consumer loans investment 9,943 10,447
Gain on remeasurement of consumer loans investment 71,250 0
Gain (loss) on settlement of investments, net (14,500) 14,767
Other income (loss), net (14,495) (8,410)
Other Income 31,922 12,295
Operating Expenses    
General and administrative expenses 12,081 8,560
Management fee to affiliate 10,008 5,126
Incentive compensation to affiliate 1,196 3,693
Loan servicing expense 1,731 4,891
Total Operating Expenses 25,016 22,270
Income (Loss) Before Income Taxes 105,715 38,371
Income tax expense (benefit) (10,223) (3,427)
Net Income (Loss) 115,938 41,798
Noncontrolling Interests in Income of Consolidated Subsidiaries 4,202 5,823
Net Income Attributable to Common Stockholders $ 111,736 $ 35,975
Net Income Per Share of Common Stock    
Basic (in dollars per share) $ 0.48 $ 0.25
Diluted (in dollars per share) $ 0.48 $ 0.25
Weighted Average Number of Shares of Common Stock Outstanding    
Basic (in shares) 230,471,202 141,434,905
Diluted (in shares) 230,538,712 144,911,309
Dividend declared per share (in dollars per share) $ 0.46 $ 0.38