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Debt (Tables) | 6 Months Ended
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Jun. 30, 2016
Debt Disclosure [Abstract] |
Schedule of details of repurchase agreement |
|  |  |  |  |  |  | June 30, 2016 |
Maturity Date |  | Origination date |  | Maximum Borrowing capacity |  |  | Amount outstanding |  |  | Amount of collateral |  |  | Interest rate |
September 9, 2016 |  | March 9, 2016 |  | $ | 15,730 |  |  | $ | 15,730 |  |  | $ | 22,470 |  |  |  | 3.00 | %
September 30, 2016 |  | March 30, 2016 |  |  | 10,658 |  |  |  | 10,658 |  |  |  | 15,226 |  |  |  | 3.01 | %
November 22, 2016 |  | November 24, 2015 |  |  | 200,000 |  |  |  | 66,433 |  |  |  | 109,252 |  |  |  | 4.19 | %
December 23, 2016 |  | June 23, 2016 |  |  | 9,419 |  |  |  | 9,419 |  |  |  | 13,391 |  |  |  | 2.91 | %
Totals |  |  |  | $ | 235,807 |  |  | $ | 102,240 |  |  | $ | 160,339 |  |  |  | 3.77 | %
|  |  |  |  |  |  | December 31, 2015 |
Maturity Date |  | Origination date |  | Maximum Borrowing capacity |  |  | Amount outstanding |  |  | Amount of collateral |  |  | Interest rate |
March 30, 2016 |  | September 30, 2015 |  | $ | 10,838 |  |  | $ | 10,838 |  |  | $ | 15,483 |  |  |  | 2.53 | %
June 23, 2016 |  | December 23, 2015 |  |  | 9,374 |  |  |  | 9,374 |  |  |  | 13,391 |  |  |  | 2.91 | %
November 22, 2016 |  | November 24, 2015 |  |  | 200,000 |  |  |  | 84,321 |  |  |  | 135,736 |  |  |  | 4.17 | %
Totals |  |  |  | $ | 220,212 |  |  | $ | 104,533 |  |  | $ | 164,610 |  |  |  | 3.91 | %
Schedule of amount outstanding on repurchase transactions and carrying value collateral |
|  | Gross amounts not offset in balance sheet |  |  |  |
Balance sheet date |  | Gross amount of recognized liabilities |  |  | Gross amount pledged as collateral |  |  | Net amount |
June 30, 2016 |  | $ | 102,240 |  |  | $ | 160,339 |  |  | $ | 58,099 |
December 31, 2015 |  | $ | 104,533 |  |  | $ | 164,610 |  |  | $ | 60,077 |
Schedule of securitization of notes |
Issuing Trust/Issue Date |  | Security |  | Original Principal |  | Interest Rate |
Ajax Mortgage Loan Trust 2014-A/ October 2014 |  | Class A notes due 2057 |  | $45 million |  |  | 4.00 | %
|  | Class B-1 notes due 2057(1) (3) |  | $8 million |  |  | 5.19 | %
|  | Class B-2 notes due 2057(1) (3) |  | $8 million |  |  | 5.19 | %
|  | Trust certificates(2) |  | $20.4 million |  |  | – |
|  | Deferred issuance costs |  | $(0.9) million |  |  | – |
Ajax Mortgage Loan Trust 2014-B / November 2014 |  | Class A notes due 2054 |  | $41.2 million |  |  | 3.85 | %
|  | Class B-1 notes due 2054(1) (3) |  | $13.7 million |  |  | 5.25 | %
|  | Class B-2 notes due 2054(1) (3) |  | $13.7 million |  |  | 5.25 | %
|  | Trust certificates(2) |  | $22.9 million |  |  | – |
|  | Deferred issuance costs |  | $(0.8) million |  |  | – |
Ajax Mortgage Loan Trust 2015-A / May 2015 |  | Class A notes due 2054 |  | $35.6 million |  |  | 3.88 | %
|  | Class B-1 notes due 2054(1) (3) |  | $8.7 million |  |  | 5.25 | %
|  | Class B-2 notes due 2054(1) (3) |  | $8.7 million |  |  | 5.25 | %
|  | Trust certificates(2) |  | $22.8 million |  |  | – |
|  | Deferred issuance costs |  | $(0.8) million |  |  | – |
Ajax Mortgage Loan Trust 2015-B / July 2015 |  | Class A notes due 2060 |  | $87.2 million |  |  | 3.88 | %
|  | Class B-1 notes due 2060(1) (3) |  | $15.9 million |  |  | 5.25 | %
|  | Class B-2 notes due 2060(1) (3) |  | $7.9 million |  |  | 5.25 | %
|  | Trust certificates(2) |  | $47.5 million |  |  | – |
|  | Deferred issuance costs |  | $(1.5) million |  |  | – |
Ajax Mortgage Loan Trust 2015-C / November 2015 |  | Class A notes due 2057 |  | $82.0 million |  |  | 3.88 | %
|  | Class B-1 notes due 2057(1) (3) |  | $6.5 million |  |  | 5.25 | %
|  | Class B-2 notes due 2057(1) (3) |  | $6.5 million |  |  | 5.25 | %
|  | Trust certificates(2) |  | $35.1 million |  |  | – |
|  | Deferred issuance costs |  | $(2.7) million |  |  | – |
Ajax Mortgage Loan Trust 2016-A/ April 2016 |  | Class A notes due 2064 |  | $101.4 million |  |  | 4.25 | %
|  | Class B-1 notes due 2064(1) |  | $7.9 million |  |  | 5.25 | %
|  | Class B-2 notes due 2064(1) |  | $7.9 million |  |  | 5.25 | %
|  | Trust certificates (2) |  | $41.3 million |  |  | – |
|  | Deferred issuance costs |  | $(2.7) million |  |  | – |
| (1) | The Class B notes are subordinate, sequential pay, fixed rate notes with Class B-2 notes subordinate to the Class B-1 notes. The Company has retained the Class B notes.
| (2) | The trust certificates issued by the trusts and the beneficial ownership of the trusts are retained by Great Ajax Funding LLC as the depositor. As the holder of the trust certificates, the Company is entitled to receive any remaining amounts in the trusts after the Class A notes and Class B notes have been paid in full.
| (3) | These securities are encumbered under a repurchase agreement.
Schedule of status of mortgage loans |
|  | Balances at June 30, 2016 |  |  | Balances at December 31, 2015 |  |  | Original balances at securitization cutoff date |
Class of Notes |  | Carrying value of mortgages |  |  | Bond principal balance |  |  | Carrying value of mortgages |  |  | Bond principal balance |  |  | Mortgage UPB |  |  | Bond Principal Balance |
2014-A |  | $ | 53,606 |  |  | $ | 34,659 |  |  | $ | 55,098 |  |  | $ | 36,463 |  |  | $ | 81,405 |  |  | $ | 45,000 |
2014-B |  |  | 64,696 |  |  |  | 32,919 |  |  |  | 66,292 |  |  |  | 35,646 |  |  |  | 91,535 |  |  |  | 41,191 |
2015-A |  |  | 52,991 |  |  |  | 31,615 |  |  |  | 53,673 |  |  |  | 33,674 |  |  |  | 75,835 |  |  |  | 35,643 |
2015-B |  |  | 110,799 |  |  |  | 81,305 |  |  |  | 115,395 |  |  |  | 84,973 |  |  |  | 158,498 |  |  |  | 87,174 |
2015-C |  |  | 104,015 |  |  |  | 72,783 |  |  |  | 108,238 |  |  |  | 79,824 |  |  |  | 130,130 |  |  |  | 81,982 |
2016-A |  |  | 118,778 |  |  |  | 99,309 |  |  |  | - |  |  |  | - |  |  |  | 158,485 |  |  |  | 101,431 |
|  | $ | 504,885 |  |  | $ | 352,590 |  |  | $ | 398,696 |  |  | $ | 270,580 |  |  | $ | 695,888 |  |  | $ | 392,421 |

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- Definition Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64858031&loc=SL6224234-111729 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728 + Details
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