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Real Estate Securities - Components of Carrying Value (Which Equals Fair Value) of Residential Available for Sale Securities (Detail) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value $ 829,245 $ 1,267,624
Senior Securities    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 279,251 487,557
Senior Securities | Prime    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 210,993 307,813
Senior Securities | Non-prime    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 68,258 179,744
Re-REMIC    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 165,064 168,347
Subordinate Securities    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 384,930 611,720
Subordinate Securities | Prime    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 220,141 448,838
Subordinate Securities | Non-prime    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value 1,000 1,000
Residential    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 973,227 1,445,079
Credit reserve (48,869) (70,067)
Unamortized discount, net (237,107) (296,342)
Amortized cost 687,251 1,078,670
Amortized cost 687,251 1,078,670
Gross unrealized gains 147,001 191,750
Gross unrealized losses (5,007) (2,796)
Carrying Value 829,245 1,267,624
Residential | Senior Securities | Prime    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 217,605 311,573
Credit reserve (1,305) (3,660)
Unamortized discount, net (22,079) (34,782)
Amortized cost 194,221 273,131
Amortized cost 194,221 273,131
Gross unrealized gains 20,263 35,980
Gross unrealized losses (3,491) (1,298)
Carrying Value 210,993 307,813
Residential | Senior Securities | Non-prime    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 75,591 196,258
Credit reserve (5,101) (9,644)
Unamortized discount, net (8,395) (31,491)
Amortized cost 62,095 155,123
Amortized cost 62,095 155,123
Gross unrealized gains 6,249 24,682
Gross unrealized losses (86) (61)
Carrying Value 68,258 179,744
Residential | Re-REMIC    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 189,782 195,098
Credit reserve (10,332) (15,202)
Unamortized discount, net (71,670) (79,611)
Amortized cost 107,780 100,285
Amortized cost 107,780 100,285
Gross unrealized gains 57,284 68,062
Gross unrealized losses 0 0
Carrying Value 165,064 168,347
Residential | Subordinate Securities    
Schedule of Available-for-sale Securities [Line Items]    
Principal balance 490,249 742,150
Credit reserve (32,131) (41,561)
Unamortized discount, net (134,963) (150,458)
Amortized cost 323,155 550,131
Amortized cost 323,155 550,131
Gross unrealized gains 63,205 63,026
Gross unrealized losses (1,430) (1,437)
Carrying Value $ 384,930 $ 611,720