Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Changes in Accretable Yield (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Changes in Accretable Yield (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2016
USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]  
Beginning balance $ 71,063
Additions 0
Accretion (6,315)
Reclassifications from non-accretable difference 11,443 [1]
Disposals (933) [2]
Ending balance $ 75,258
[1] Represents a probable and significant increase in cash flows previously expected to be uncollectible.
[2] Includes sales of loans or foreclosures, which result in removal of the loan from the PCD loan pool at its carrying amount.