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Mortgage Loans - Narrative (Details) $ in Thousands |  | 3 Months Ended | 6 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Jan. 01, 2020 USD ($) | Jun. 30, 2020 USD ($) numberOfLoanPools loan | Jun. 30, 2019 USD ($) loan | Jun. 30, 2020 USD ($) payment loan numberOfLoanPools | Jun. 30, 2019 USD ($) loan | Mar. 31, 2020 USD ($) numberOfLoanPools | Dec. 31, 2019 USD ($) | Mar. 31, 2019 USD ($) | Dec. 31, 2018 USD ($)
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net | [1],[2] |  | $ 1,080,617 |  |  | $ 1,080,617 |  |  |  | $ 1,151,469 |  |
Financing Receivable, Allowance for Credit Loss |  |  | (14,450) |  | $ (1,403) | (14,450) |  | $ (1,403) | $ (16,136) | (1,960) | $ (1,318) | $ (1,164)
Current period additions to allowance account |  |  | (161) |  | 0 | 1,737 |  | 0 |  |  |  |
Interest income |  |  | 20,300 |  | 23,900 | 40,300 |  | 50,300 |  |  |  |
Aggregate unpaid principal balance of mortgage loans on real estate |  |  |  |  | 200,100 | 26,200 |  | 200,100 |  |  |  |
Reversal of / (Increase in) provision for credit losses on mortgage loans |  |  | (1,525) |  | 85 | 597 |  | 239 |  |  |  |
Estimated Market Value Of Underlying Collaterals |  |  | $ 44,200 |  | 320,100 | $ 44,200 |  | 320,100 |  |  |  |
Number of loan pools | numberOfLoanPools |  |  | 6 |  |  | 6 |  |  | 4 |  |  |
Number of Recent Payments Made on RPL Mortgage Loans | payment |  |  |  |  |  | 7 |  |  |  |  |  |
Income/(loss) on sale of mortgage loans | [3] |  | $ 0 |  | $ 7,014 | $ (705) |  | $ 7,014 |  |  |  |
Number of sold loans | loan |  |  | 0 |  | 962 | 26 |  | 962 |  |  |  |
Beginning period adjustment for CECL |  | $ 10,200 | $ 0 |  | $ 0 | $ (10,156) |  | $ 0 |  |  |  |
RPLs, NPLs, and Originated SBCs [Member] |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net |  |  | 1,100,000 | [2] |  | 1,100,000 | [2] |  |  | 1,200,000 |  |
Mortgages purchased |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net |  |  | $ 26,100 |  |  | $ 26,100 |  |  |  |  |  |
SBC loans acquired at or near origination |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Number of originated SBC loans acquired | loan |  |  | 0 |  | 2 | 0 |  | 21 |  |  |  |
Aggregate unpaid principal balance of mortgage loans on real estate |  |  |  |  | $ 700 |  |  | $ 18,400 |  |  |  |
SBC |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net |  |  | $ 4,240 |  |  | $ 4,240 |  |  |  | 35,086 |  |
7f7 and better |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net |  |  | $ 232,820 |  |  | 232,820 |  |  |  | 230,431 |  |
Number of Recent Payments Made on RPL Mortgage Loans | numberOfLoanPools |  |  | 7 |  |  |  |  |  |  |  |  |
Great Ajax II REIT |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net |  |  | $ 308,596 |  |  | 308,596 |  |  |  | 321,861 |  |
4f4-6f6 and below |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net |  |  | $ 103,080 |  |  | $ 103,080 |  |  |  | 113,897 |  |
Number of Recent Payments Made on RPL Mortgage Loans | numberOfLoanPools |  |  | 4 |  |  |  |  |  |  |  |  |
Originated loans [Member] |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Number of loan pools | numberOfLoanPools |  |  | 1 |  |  | 1 |  |  |  |  |  |
Residential RPLs loans |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net |  |  | $ 1,048,146 |  |  | $ 1,048,146 |  |  |  | 1,085,514 |  |
Number of mortgage loans on real estate | loan |  |  | 0 |  | 496 | 26 |  | 534 |  |  |  |
Aggregate unpaid principal balance of mortgage loans on real estate |  |  |  |  | $ 106,600 | $ 2,000 |  | $ 115,100 |  |  |  |
Mortgage Loans On Real Estate Commitments To Purchase Number | loan |  |  | 0 |  | 496 | 26 |  | 534 |  |  |  |
Residential NPL loans |  |  |  |  |  |  |  |  |  |  |  |
Mortgage Loans on Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans, net |  |  | $ 28,231 |  |  | $ 28,231 |  |  |  | $ 30,869 |  |
Number of mortgage loans on real estate | loan |  |  | 0 |  | 0 | 1 |  | 0 |  |  |  |
Aggregate unpaid principal balance of mortgage loans on real estate |  |  |  |  |  | $ 200 |  |  |  |  |  |
Mortgage Loans On Real Estate Commitments To Purchase Number | loan |  |  | 0 |  | 0 | 1 |  | 0 |  |  |  |
[1] | As of June 30, 2020, balances for Mortgage loans, net includes $312.0 million and Secured borrowings, net of deferred costs includes $263.6 million from 50% and 63% owned joint ventures, respectively. As of December 31, 2019, balances for Mortgage loans, net include $341.8 million and Secured borrowings, net of deferred costs includes $284.8 million from 50% and 63% owned joint ventures, all of which the Company consolidates under U.S. Generally Accepted Accounting Principles ("U.S. GAAP").
[2] | Mortgage loans net include $871.7 million and $908.6 million of loans at June 30, 2020 and December 31, 2019, respectively, transferred to securitization trusts that are variable interest entities (“VIEs”); these loans can only be used to settle obligations of the VIEs. Secured borrowings consist of notes issued by VIEs that can only be settled with the assets and cash flows of the VIEs. The creditors do not have recourse to the primary beneficiary (Great Ajax Corp.). See Note 9 — Debt. Mortgage loans, net include $14.5 million and $2.0 million of allowance for loan credit losses at June 30, 2020 and December 31, 2019, respectively.
[3] | The Company sold no mortgage loans during the three months ended June 30, 2020. During the six months ended June 30, 2020, the Company sold 26 SBC mortgage loans with a carrying value of $26.1 million and UPB of $26.2 million for a loss of $0.7 million. Comparatively, during the three and six months ended June 30, 2019, the Company sold 962 loans with a carrying value of $176.9 million and UPB of $200.1 million for a gain of $7.0 million.

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