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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income        
Residential loans $ 36,635 $ 35,154 $ 70,997 $ 66,554
Commercial loans 263 12,921 345 22,381
Real estate securities 21,826 18,417 41,643 39,512
Other interest income 500 295 867 668
Total interest income 59,224 66,787 113,852 129,115
Interest Expense        
Short-term debt (9,350) (5,337) (13,803) (12,034)
Asset-backed securities issued (3,705) (3,982) (7,235) (8,264)
Long-term debt (11,179) (13,125) (24,227) (26,096)
Total Interest Expense (24,234) (22,444) (45,265) (46,394)
Net Interest Income 34,990 44,343 68,587 82,721
Reversal of provision for loan losses 0 6,532 0 6,243
Net Interest Income after Provision 34,990 50,875 68,587 88,964
Non-interest Income        
Mortgage banking activities, net 12,046 7,728 29,650 14,946
Mortgage servicing rights income, net 2,778 2,783 4,491 9,064
Investment fair value changes, net 8,115 (11,066) 9,666 (30,604)
Other income 986 1,559 2,170 2,514
Realized gains, net 1,372 9,884 7,075 19,422
Total non-interest income, net 25,297 10,888 53,052 15,342
Operating expenses (18,641) (20,155) (36,867) (50,607)
Net Income before Provision for Income Taxes 41,646 41,608 84,772 53,699
Provision for income taxes (5,322) (327) (11,479) (355)
Net Income $ 36,324 $ 41,281 $ 73,293 $ 53,344
Basic earnings per common share (in dollars per share) $ 0.46 $ 0.52 $ 0.93 $ 0.67
Diluted earnings per common share (in dollars per share) 0.43 0.48 0.85 0.67
Regular dividends declared per common share (in dollars per share) $ 0.28 $ 0.28 $ 0.56 $ 0.56
Basic weighted average shares outstanding (in shares) 76,819,703 76,664,829 76,779,178 76,901,255
Diluted weighted average shares outstanding (in shares) 97,494,144 97,761,936 97,718,550 88,728,380