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Debt - Narrative (Details 1)
1 Months Ended 12 Months Ended
Dec. 31, 2014
USD ($)
single_family_property
Dec. 31, 2014
USD ($)
single_family_property
Dec. 31, 2014
USD ($)
single_family_property
Dec. 31, 2014
USD ($)
single_family_property
Dec. 31, 2014
USD ($)
single_family_property
property
Mar. 07, 2013
USD ($)
Feb. 29, 2016
Sep. 30, 2015
USD ($)
nonperforming_loan
single_family_property
Mar. 31, 2015
USD ($)
nonperforming_loan
property
Nov. 30, 2014
USD ($)
property
Sep. 30, 2014
USD ($)
single_family_property
May. 31, 2014
USD ($)
extension_option
floating_rate_component
property
pass_through_certificate
Dec. 31, 2015
USD ($)
single_family_property
property
Dec. 31, 2014
USD ($)
single_family_property
Dec. 31, 2013
USD ($)
Sep. 30, 2014
Sep. 30, 2014
USD ($)
Sep. 30, 2014
property
Sep. 30, 2013
USD ($)
Debt Instrument [Line Items]                                      
Proceeds from asset-backed securitizations                         $ 1,030,559,000 $ 1,497,039,000 $ 0        
Number of properties | single_family_property 34,599 34,599 34,599 34,599 34,599               38,780 34,599          
Asset-backed securitizations $ 1,519,390,000 $ 1,519,390,000 $ 1,519,390,000 $ 1,519,390,000 $ 1,519,390,000               $ 2,530,210,000 $ 1,519,390,000          
Single-family properties 5,710,671,000 5,710,671,000 5,710,671,000 5,710,671,000 5,710,671,000               6,289,938,000 5,710,671,000          
Interest rate cap agreement 14,000 14,000 14,000 14,000 14,000               0 14,000          
Payments for purchase of certificates                         19,739,000 3,315,000 $ 0        
Credit facility 207,000,000 207,000,000 207,000,000 207,000,000 207,000,000               $ 0 207,000,000          
2014-SFR 1                                      
Debt Instrument [Line Items]                                      
Debt instrument term                       2 years              
Interest rate cap agreement strike rate                       3.85%              
Number of debt instrument extension options | extension_option                       3              
Period of extension options                       12 months              
Asset-backed securitizations $ 478,565,000 $ 478,565,000 $ 478,565,000 $ 478,565,000 $ 478,565,000                 $ 478,565,000          
Effective percentage of interest rate cap agreements hedged as cash flow derivative                         100.00%            
Estimated amount of gain (loss) to be reclassified as increase to interest expense over next 12 months                         $ 100,000            
Interest rate 1.79% 1.79% 1.79% 1.79% 1.79%               1.97% 1.79%          
2014-SFR 1 | LIBOR                                      
Debt Instrument [Line Items]                                      
Basis spread on variable rate                       0.25%              
2015-SFR 1                                      
Debt Instrument [Line Items]                                      
Asset-backed securitizations $ 0 $ 0 $ 0 $ 0 $ 0                 $ 0          
Interest rate 4.14% 4.14% 4.14% 4.14% 4.14%               4.14% 4.14%          
2014-SFR 2                                      
Debt Instrument [Line Items]                                      
Asset-backed securitizations $ 512,435,000 $ 512,435,000 $ 512,435,000 $ 512,435,000 $ 512,435,000                 $ 512,435,000          
Interest rate 4.42% 4.42% 4.42% 4.42% 4.42%               4.42% 4.42%          
2014-SFR 3                                      
Debt Instrument [Line Items]                                      
Asset-backed securitizations $ 528,390,000 $ 528,390,000 $ 528,390,000 $ 528,390,000 $ 528,390,000                 $ 528,390,000          
Interest rate 4.40% 4.40% 4.40% 4.40% 4.40%               4.40% 4.40%          
2015-SFR 2                                      
Debt Instrument [Line Items]                                      
Asset-backed securitizations $ 0 $ 0 $ 0 $ 0 $ 0                 $ 0          
Interest rate 4.36% 4.36% 4.36% 4.36% 4.36%               4.36% 4.36%          
Special Purpose Entity | Notes Payable                                      
Debt Instrument [Line Items]                                      
Loan amount                       $ 481,000,000.0              
Special Purpose Entity | 2014-SFR 1 | Notes Payable                                      
Debt Instrument [Line Items]                                      
Derivative term of contract                       2 years              
Number of floating rate loan components | floating_rate_component                       6              
Ratio of interest and principal payments as a percentage of original principal amount                       0.083              
Portion of principal amount for which monthly payment is required as a percent                       1.00%              
Number of properties | property                         3,852            
Debt covenant, minimum debt yield percentage                       6.68%              
Special Purpose Entity | 2015-SFR 1                                      
Debt Instrument [Line Items]                                      
Loan amount                 $ 552,800,000.0                    
Debt instrument term                 30 years                    
Number of classes of certificates | nonperforming_loan                 8                    
Asset-backed securitizations                         $ 549,121,000            
Weighted-average interest rate                 4.14%                    
Special Purpose Entity | 2015-SFR 1 | Notes Payable                                      
Debt Instrument [Line Items]                                      
Number of properties | property                 4,661     3,852              
Single-family properties                         735,000,000            
Special Purpose Entity | 2015-SFR 2                                      
Debt Instrument [Line Items]                                      
Loan amount               $ 477,700,000                      
Debt instrument term               30 years                      
Number of classes of certificates | nonperforming_loan               7                      
Proceeds from asset-backed securitizations               $ 477,700,000                      
Issuance costs for the sale of asset-backed securitizations               $ 11,300,000                      
Asset-backed securitizations                         476,920,000            
Single-family properties                         $ 681,400,000            
Weighted-average interest rate               4.36%                      
Single family homes                                      
Debt Instrument [Line Items]                                      
Number of properties | single_family_property 34,599 34,599 34,599 34,599 34,599               38,780 34,599          
Single-family properties $ 5,710,671,000 $ 5,710,671,000 $ 5,710,671,000 $ 5,710,671,000 $ 5,710,671,000               $ 6,289,938,000 $ 5,710,671,000          
Single family homes | 2014-SFR 1                                      
Debt Instrument [Line Items]                                      
LIBOR floor rate                       0.25%              
Number of debt instrument extension options | extension_option                       3              
Period of extension options                         12 months            
Number of classes of certificates | pass_through_certificate                       7              
Proceeds from asset-backed securitizations                       $ 481,000,000              
Issuance costs for the sale of asset-backed securitizations                       $ 14,900,000              
Number of properties | property                       3,852              
Asset-backed securitizations                         $ 473,755,000            
Single-family properties                         $ 606,900,000            
Single family homes | 2014-SFR 1 | LIBOR                                      
Debt Instrument [Line Items]                                      
Interest margin on reference rate                       1.54%              
Single family homes | 2015-SFR 1                                      
Debt Instrument [Line Items]                                      
Proceeds from asset-backed securitizations                 $ 552,800,000.0                    
Issuance costs for the sale of asset-backed securitizations                 $ 13,300,000                    
Single family homes | 2014-SFR 2                                      
Debt Instrument [Line Items]                                      
Loan amount                                 $ 513,300,000.0    
Debt instrument term                     10 years                
Proceeds from asset-backed securitizations                     $ 487,700,000                
Issuance costs for the sale of asset-backed securitizations                     $ 12,900,000                
Number of properties                     4,487   4,487         4,487  
Asset-backed securitizations                         $ 507,305,000            
Weighted-average interest rate                               4.42%      
Minimum coverage ratio                     1.20                
Period of debt service considered for debt coverage ratio                     12 months                
Payments for purchase of certificates                     $ 25,700,000                
Single family homes | 2014-SFR 3                                      
Debt Instrument [Line Items]                                      
Loan amount                   $ 528,400,000.0                  
Debt instrument term                   10 years                  
Issuance costs for the sale of asset-backed securitizations                   $ 12,900,000                  
Number of properties | property                   4,503     4,503            
Asset-backed securitizations                         $ 523,109,000            
Single-family properties                         729,800,000            
Weighted-average interest rate                   4.40%                  
Single family homes | Special Purpose Entity | 2015-SFR 2                                      
Debt Instrument [Line Items]                                      
Number of properties | single_family_property               4,125                      
Estimate of Fair Value Measurement | 2014-SFR 1                                      
Debt Instrument [Line Items]                                      
Interest rate cap agreement                         0            
Estimate of Fair Value Measurement | 2014-SFR 2                                      
Debt Instrument [Line Items]                                      
Single-family properties                         $ 672,300,000            
Ellington portfolio acquisition                                      
Debt Instrument [Line Items]                                      
Debt instrument term 5 years                                    
Purchase price       $ 126,000,000                              
Number of properties treated as collateral   583     583                            
Interest rate 4.06% 4.06% 4.06% 4.06% 4.06%                 4.06%          
Minimum debt service coverage ratio     1.47                                
Ellington portfolio acquisition | Notes Payable                                      
Debt Instrument [Line Items]                                      
Debt instrument term 5 years                                    
Purchase price       $ 51,600,000                              
Senior Secured Revolving Credit Facility                                      
Debt Instrument [Line Items]                                      
Interest rate 3.00% 3.00% 3.00% 3.00% 3.00%               3.18% 3.00%          
Credit facility maximum borrowing capacity           $ 500,000,000             $ 800,000,000.0           $ 800,000,000
Percentage used to calculate borrowing base                         50.00%            
Credit facility $ 207,000,000 $ 207,000,000 $ 207,000,000 $ 207,000,000 $ 207,000,000               $ 0 $ 207,000,000          
Minimum liquidity requirement for debt covenant           15,000,000                          
Debt covenant, minimum liquidity requirement for cash and cash equivalents           $ 7,500,000                          
Maximum leverage ratio           1.0                          
Debt covenant, minimum required tangible net worth           85.00%                          
Debt covenant, percentage of additional equity capital raised on or after September 30, 2013 that is used in calculation of tangible net worth           85.00%                          
Until March 2017 | Senior Secured Revolving Credit Facility                                      
Debt Instrument [Line Items]                                      
Description of variable rate basis           30 day LIBOR                          
Basis spread on variable rate           2.75%             2.75%            
March 2017 and Thereafter | Senior Secured Revolving Credit Facility                                      
Debt Instrument [Line Items]                                      
Description of variable rate basis           30 day LIBOR                          
Basis spread on variable rate           3.125%             3.125%            
Subsequent Events | Senior Secured Revolving Credit Facility                                      
Debt Instrument [Line Items]                                      
Line of credit extension period             3 months