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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Residential loans $ 50,231 $ 34,362
Real estate securities 25,695 19,817
Other interest income 693 449
Total interest income 76,619 54,628
Interest Expense    
Short-term debt (13,435) (4,453)
Asset-backed securities issued (11,401) (3,530)
Long-term debt (16,678) (13,048)
Total Interest Expense (41,514) (21,031)
Net Interest Income 35,105 33,597
Non-interest Income    
Mortgage banking activities, net 26,576 17,604
Mortgage servicing rights income, net 957 1,713
Investment fair value changes, net 1,609 1,551
Other income 1,161 1,184
Realized gains, net 9,363 5,703
Total non-interest income, net 39,666 27,755
Operating expenses (23,030) (18,226)
Net Income before Provision for Income Taxes 51,741 43,126
Provision for income taxes (4,896) (6,157)
Net Income $ 46,845 $ 36,969
Basic earnings per common share (in dollars per share) $ 0.60 $ 0.47
Diluted earnings per common share (in dollars per share) 0.50 0.43
Regular dividends declared per common share (in dollars per share) $ 0.28 $ 0.28
Basic weighted average shares outstanding (in shares) 75,396,649 76,738,202
Diluted weighted average shares outstanding (in shares) 108,194,597 97,946,137