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Mortgage loans (Tables)

6 Months Ended

Jun. 30, 2015

Mortgage Loans [Abstract]

Schedule of contractually required payments and estimated cash flows expected to be collected

		Three months ended								Six months ended								Period from inception to
		June 30, 2015								June 30, 2015								December 31, 2014
		Re-performing loans				Non-performing loans				Re-performing loans				Non-performing loans				Re-performing loans				Non-performing loans
Contractually required principal and interest		$	332,571			$	31,827			$	486,603			$	65,675			$	393,657			$	257,790
Non-accretable yield			(132,557	)			(18,598	)			(198,704	)			(38,317	)			(173,502	)			(184,096	)
Expected cash flows to be collected			200,014				13,229				287,899				27,358				220,155				73,694
Accretable yield			(49,626	)			(4,185	)			(73,680	)			(8,038	)			(60,495	)			(22,071	)
Fair value at acquisition		$	150,388			$	9,044			$	214,219			$	19,320			$	159,660			$	51,623

Schedule of accretable yield

		Three months ended								Six months ended								Period from inception to
		June 30, 2015								June 30, 2015								December 31, 2014
		Re-performing loans				Non-performing loans				Re-performing loans				Non-performing loans				Re-performing loans				Non-performing loans
Balance at beginning of period		$	74,045			$	22,604			$	54,940			$	20,686			$	–			$	–
Accretable yield additions			49,626				4,185				73,680				8,038				60,495				22,071
Accretion			(7,739	)			(3,054	)			(12,688	)			(4,989	)			(5,555	)			(1,385	)
Balance at end of period		$	115,932			$	23,735			$	115,932			$	23,735			$	54,940			$	20,686

Schedule of carrying value of mortgage loans and related UPB by delinquency status

		June 30, 2015												December 31, 2014
		Number of loans				Carrying value				Unpaid principal balance				Number of loans				Carrying value				Unpaid principal balance
Current			1,123			$	209,046			$	267,983				439			$	72,727			$	94,993
30			406				66,969				87,292				237				36,954				53,739
60			194				29,611				39,647				99				13,849				17,766
90			534				77,407				107,345				352				53,987				76,691
Foreclosure			362				61,375				94,021				212				33,642				55,384
Mortgage loans			2,619			$	444,408			$	596,288				1,339			$	211,159			$	298,573