Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Carrying Value of Loans Held-for-sale (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Carrying Value of Loans Held-for-sale (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2016
USD ($)
Loans Held-for-sale, Reconciliation [Roll Forward]  
Transfer of loans to real estate owned $ (8,285)
Loans Held-for-sale [Member]  
Loans Held-for-sale, Reconciliation [Roll Forward]  
Beginning balance, loans held-for-sale 776,681
Purchases 173,270 [1]
Sales 266,124
Transfer of loans to other assets (25,429)
Transfer of loans to real estate owned (3,676)
Proceeds from repayments (18,495)
Valuation provision on loans (3,067) [2]
Ending balance, loans held-for-sale $ 633,160
[1] Represents loans acquired with the intent to sell.
[2] Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans, including $2.6 million of provision related to the call transaction executed on March 25, 2016.