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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest Income        
Residential loans $ 38,541 $ 35,595 $ 109,538 $ 102,149
Commercial loans 0 6,453 345 28,834
Real estate securities 23,425 18,600 65,068 58,112
Other interest income 771 258 1,638 926
Total interest income 62,737 60,906 176,589 190,021
Interest Expense        
Short-term debt (10,182) (5,405) (23,985) (17,439)
Asset-backed securities issued (3,956) (3,193) (11,191) (11,457)
Long-term debt (13,305) (12,999) (37,532) (39,095)
Total Interest Expense (27,443) (21,597) (72,708) (67,991)
Net Interest Income 35,294 39,309 103,881 122,030
Reversal of provision for loan losses 0 859 0 7,102
Net Interest Income after Provision 35,294 40,168 103,881 129,132
Non-interest Income        
Mortgage banking activities, net 21,200 9,766 50,850 24,712
Mortgage servicing rights income, net 1,615 3,770 6,106 12,834
Investment fair value changes, net 324 11,918 9,990 (18,686)
Other income 1,197 1,643 3,367 4,157
Realized gains, net 1,734 6,615 8,809 26,037
Total non-interest income, net 26,070 33,712 79,122 49,054
Operating expenses (19,922) (20,355) (56,789) (70,962)
Net Income before Provision for Income Taxes 41,442 53,525 126,214 107,224
Provision for income taxes (5,262) (972) (16,741) (1,327)
Net Income $ 36,180 $ 52,553 $ 109,473 $ 105,897
Basic earnings per common share (in dollars per share) $ 0.46 $ 0.67 $ 1.39 $ 1.34
Diluted earnings per common share (in dollars per share) 0.41 0.58 1.26 1.23
Regular dividends declared per common share (in dollars per share) $ 0.28 $ 0.28 $ 0.84 $ 0.84
Basic weighted average shares outstanding (in shares) 76,850,830 76,680,183 76,803,324 76,827,026
Diluted weighted average shares outstanding (in shares) 102,703,108 97,831,617 99,397,866 97,991,678