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Debt (Tables)
 6 Months Ended
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