2014 Q2 Form 10-Q Financial Statement

#000114420415047834 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2014 Q2
Revenue $5.250M
YoY Change -213.88%
Cost Of Revenue $610.0K
YoY Change -80.94%
Gross Profit $4.640M
YoY Change -159.41%
Gross Profit Margin 88.38%
Selling, General & Admin $1.930M
YoY Change 37.86%
% of Gross Profit 41.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.304M
YoY Change 54.46%
Operating Profit $2.336M
YoY Change -125.11%
Interest Expense $608.0K
YoY Change -39.07%
% of Operating Profit 26.03%
Other Income/Expense, Net $2.838M
YoY Change 2993.36%
Pretax Income $4.420M
YoY Change -44.54%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $4.425M
YoY Change -44.48%
Net Earnings / Revenue 84.29%
Basic Earnings Per Share
Diluted Earnings Per Share $396.4K
COMMON SHARES
Basic Shares Outstanding 10.69M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.80M
YoY Change 166.99%
Cash & Equivalents $55.81M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $58.20M
YoY Change 158.67%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $570.8M
YoY Change -3.3%
Other Assets $6.700M
YoY Change -71.61%
Total Long-Term Assets $700.0M
YoY Change 9.86%
TOTAL ASSETS
Total Short-Term Assets $58.20M
Total Long-Term Assets $700.0M
Total Assets $758.2M
YoY Change 14.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $600.0K
YoY Change 500.0%
Accrued Expenses $300.0K
YoY Change 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $512.3M
YoY Change -9.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $529.3M
YoY Change -6.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $10.70M
YoY Change
Total Long-Term Liabilities $10.70M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $529.3M
Total Long-Term Liabilities $10.70M
Total Liabilities $539.9M
YoY Change -4.3%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $141.7K
YoY Change 92.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $218.3M
YoY Change
Total Liabilities & Shareholders Equity $758.2M
YoY Change 14.93%

Cashflow Statement

Concept 2014 Q2
OPERATING ACTIVITIES
Net Income $4.425M
YoY Change -44.48%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $4.200M
YoY Change -43.01%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$100.3M
YoY Change -129.67%
Cash From Investing Activities -$100.3M
YoY Change -129.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 113.1M
YoY Change -130.68%
NET CHANGE
Cash From Operating Activities 4.200M
Cash From Investing Activities -100.3M
Cash From Financing Activities 113.1M
Net Change In Cash 17.00M
YoY Change -173.02%
FREE CASH FLOW
Cash From Operating Activities $4.200M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Interest Income Securities Mortgage Backed
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us-gaap Gain Loss On Sale Of Mortgage Loans
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us-gaap Gain Loss On Sale Of Mortgage Loans
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us-gaap Management Fee Expense
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oaks Unrealized Gain Loss On Residential Loans Held In Securitization Trusts
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oaks Unrealized Gain Loss On Multifamily Loans Held In Securitization Trusts
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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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us-gaap Restricted Stock Expense
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us-gaap Restricted Stock Expense
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oaks Unrealized Gain On Multifamily Loans Held In Securitization Trusts
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us-gaap Increase Decrease In Due To Related Parties
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Purchase Mortgage Loans Held For Sale
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oaks Repayments Of Principal To Repurchase Mortgage Loans Heldforsale
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oaks Principal Payments To Acquire Available For Sale Securities
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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73684805 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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45511 USD
us-gaap Proceeds From Collection Of Mortgage Loans Held For Sale
ProceedsFromCollectionOfMortgageLoansHeldForSale
288811206 USD
us-gaap Proceeds From Collection Of Mortgage Loans Held For Sale
ProceedsFromCollectionOfMortgageLoansHeldForSale
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
162351939 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
86186338 USD
us-gaap Increase Decrease In Restricted Cash
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2890771 USD
us-gaap Increase Decrease In Restricted Cash
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30065505 USD
us-gaap Net Cash Provided By Used In Investing Activities
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157578708 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-130951011 USD
oaks Repayments Of Principal To Repurchase Mortgage Loans Heldforsale
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515738 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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19103574 USD
us-gaap Payments Of Dividends Common Stock
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11039813 USD
us-gaap Payments Of Dividends Common Stock
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7191938 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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1761018 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1129647 USD
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
3192400999 USD
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
2145752286 USD
us-gaap Repayments Of Secured Debt
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3387929999 USD
us-gaap Repayments Of Secured Debt
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2049592286 USD
us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
0 USD
us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
173775114 USD
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
0 USD
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
136536000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-162710667 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
146657096 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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-2213430 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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22752012 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33062931 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
55814943 USD
us-gaap Interest Paid
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4934989 USD
us-gaap Interest Paid
InterestPaid
1180173 USD
oaks Available For Sale Securities Change In Net Unrealized Holding Gain Loss Non Cash Item
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNonCashItem
-993726 USD
oaks Available For Sale Securities Change In Net Unrealized Holding Gain Loss Non Cash Item
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNonCashItem
18031737 USD
oaks Consolidation Of Multifamily Loans Held In Securitization Trusts
ConsolidationOfMultifamilyLoansHeldInSecuritizationTrusts
1625701369 USD
oaks Consolidation Of Multifamily Loans Held In Securitization Trusts
ConsolidationOfMultifamilyLoansHeldInSecuritizationTrusts
0 USD
oaks Consolidation Of Residential Loans Held In Securitization Trusts
ConsolidationOfResidentialLoansHeldInSecuritizationTrusts
474205879 USD
oaks Consolidation Of Residential Loans Held In Securitization Trusts
ConsolidationOfResidentialLoansHeldInSecuritizationTrusts
0 USD
oaks Consolidation Of Multifamily Securitized Debt Obligations
ConsolidationOfMultifamilySecuritizedDebtObligations
1541927234 USD
oaks Consolidation Of Multifamily Securitized Debt Obligations
ConsolidationOfMultifamilySecuritizedDebtObligations
0 USD
oaks Consolidation Of Residential Securitized Debt Obligations
ConsolidationOfResidentialSecuritizedDebtObligations
357151265 USD
oaks Consolidation Of Residential Securitized Debt Obligations
ConsolidationOfResidentialSecuritizedDebtObligations
0 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
3963878 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
191406 USD
us-gaap Payments For Securities Purchased Under Agreements To Resell
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0 USD
us-gaap Payments For Securities Purchased Under Agreements To Resell
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-15492311 USD
us-gaap Payments To Acquire Federal Home Loan Bank Stock
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2403000 USD
us-gaap Payments To Acquire Federal Home Loan Bank Stock
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0 USD
oaks Payments For Deferred Securitization
PaymentsForDeferredSecuritization
89643 USD
oaks Payments For Deferred Securitization
PaymentsForDeferredSecuritization
0 USD
oaks Mortgage Backed Securities Recorded On Revised Accounting Standards
MortgageBackedSecuritiesRecordedOnRevisedAccountingStandards
210238653 USD
oaks Mortgage Backed Securities Recorded On Revised Accounting Standards
MortgageBackedSecuritiesRecordedOnRevisedAccountingStandards
0 USD
oaks Repurchase Agrrements Recorded On Revised Accounting Standards
RepurchaseAgrrementsRecordedOnRevisedAccountingStandards
149293000 USD
oaks Repurchase Agrrements Recorded On Revised Accounting Standards
RepurchaseAgrrementsRecordedOnRevisedAccountingStandards
0 USD
us-gaap Proceeds From Federal Home Loan Bank Advances
ProceedsFromFederalHomeLoanBankAdvances
53400000 USD
us-gaap Proceeds From Federal Home Loan Bank Advances
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0 USD
CY2014Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
29349 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
47097001 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
3957697 USD
us-gaap Operations Commenced Date1
OperationsCommencedDate1
2012-05-16
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2012-03-28
CY2014Q2 oaks Proposed Maximum Aggregate Offering Price
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750000000 USD
CY2015Q2 oaks Available For Sale Securities Amortized Cost Face Value
AvailableForSaleSecuritiesAmortizedCostFaceValue
571380755 USD
CY2015Q2 oaks Available For Sale Securities Amortized Cost Unamortized Premium
AvailableForSaleSecuritiesAmortizedCostUnamortizedPremium
1269204 USD
CY2015Q2 oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserve
18305657 USD
CY2015Q2 oaks Available For Sale Securities Amortized Cost Net Unamortized Discount
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscount
73131428 USD
CY2015Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
481212874 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
10623322 USD
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
3852320 USD
CY2014Q4 oaks Available For Sale Securities Amortized Cost Face Value
AvailableForSaleSecuritiesAmortizedCostFaceValue
386463099 USD
CY2014Q4 oaks Available For Sale Securities Amortized Cost Unamortized Premium
AvailableForSaleSecuritiesAmortizedCostUnamortizedPremium
4796106 USD
CY2014Q4 oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserve
12697796 USD
CY2014Q4 oaks Available For Sale Securities Amortized Cost Net Unamortized Discount
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscount
17454022 USD
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
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361107387 USD
CY2014 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
8402890 USD
CY2014 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
1194539 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
429472853 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
332460592 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearFairValue
0 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearFairValue
0 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
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CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
35855146 USD
CY2015Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
491584596 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
368315738 USD
oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Acquisitions
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveAcquisitions
0 USD
CY2014Q4 oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesTotal
113871097 USD
oaks Available For Sale Securities Amortized Cost Net Unamortized Discount Acquisitions
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountAcquisitions
22597930 USD
oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Acquisitions Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesAcquisitionsTotal
22597930 USD
oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Dispositions
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveDispositions
24994386 USD
oaks Available For Sale Securities Amortizedcost Net Unamortized Discount Dispositions
AvailableForSaleSecuritiesAmortizedcostNetUnamortizedDiscountDispositions
9143622 USD
oaks Available For Sale Securities Unamortized Net Discoun Tand Designated Credit Reserves Dispositions Total
AvailableForSaleSecuritiesUnamortizedNetDiscounTandDesignatedCreditReservesDispositionsTotal
34138008 USD
oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Accretion Of Net Discount
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveAccretionOfNetDiscount
0 USD
oaks Available For Sale Securities Amortized Cost Net Unamortized Discount Accretion Of Net Discount
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountAccretionOfNetDiscount
7795422 USD
oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Accretion Of Net Discount Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesAccretionOfNetDiscountTotal
7795422 USD
oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Realized Gain On Pay Downs
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveRealizedGainOnPayDowns
0 USD
oaks Available For Sale Securities Amortized Cost Net Unamortized Discount Realized Gain On Paydowns
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountRealizedGainOnPaydowns
132716 USD
oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Realized Gain On Paydowns Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesRealizedGainOnPaydownsTotal
132716 USD
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AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveRealizedCreditLosses
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oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Realized Credit Losses Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesRealizedCreditLossesTotal
3133581 USD
oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Release Of Credit Reserves
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveReleaseOfCreditReserves
2319568 USD
oaks Available For Sale Securities Amortized Cost Net Unamortized Discount Release Of Credit Reserves
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountReleaseOfCreditReserves
2319568 USD
oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Release Of Credit Reserves Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesReleaseOfCreditReservesTotal
0 USD
CY2015Q2 oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesTotal
91437084 USD
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AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesAdditionOfCreditReservesTotal
167784 USD
oaks Available For Sale Securities Amortized Cost Net Unamortized Discount Addition Of Credit Reserves
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountAdditionOfCreditReserves
2151230 USD
oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Addition Of Credit Reserves
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveAdditionOfCreditReserves
2319014 USD
CY2013Q4 oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserve
16126355 USD
CY2014 oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Acquisitions
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveAcquisitions
0 USD
CY2014 oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Dispositions
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveDispositions
559860 USD
CY2014 oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Accretion Of Net Discount
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveAccretionOfNetDiscount
0 USD
CY2014 oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Realized Gain On Pay Downs
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveRealizedGainOnPayDowns
0 USD
CY2014 oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Realized Credit Losses
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveRealizedCreditLosses
2868699 USD
CY2014 oaks Available For Sale Securities Amortized Cost Unamortized Discount Designated Credit Reserve Release Of Credit Reserves
AvailableForSaleSecuritiesAmortizedCostUnamortizedDiscountDesignatedCreditReserveReleaseOfCreditReserves
0 USD
CY2013Q4 oaks Available For Sale Securities Amortized Cost Net Unamortized Discount
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscount
22400380 USD
CY2014 oaks Available For Sale Securities Amortized Cost Net Unamortized Discount Acquisitions
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountAcquisitions
2361186 USD
CY2014 oaks Available For Sale Securities Amortizedcost Net Unamortized Discount Dispositions
AvailableForSaleSecuritiesAmortizedcostNetUnamortizedDiscountDispositions
1667828 USD
CY2014 oaks Available For Sale Securities Amortized Cost Net Unamortized Discount Accretion Of Net Discount
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountAccretionOfNetDiscount
4760729 USD
CY2014 oaks Available For Sale Securities Amortized Cost Net Unamortized Discount Realized Gain On Paydowns
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountRealizedGainOnPaydowns
223212 USD
CY2014 oaks Available For Sale Securities Amortized Cost Net Unamortized Discount Realized Credit Loss
AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountRealizedCreditLoss
0 USD
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AvailableForSaleSecuritiesAmortizedCostNetUnamortizedDiscountReleaseOfCreditReserves
-655775 USD
CY2013Q4 oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesTotal
38526735 USD
CY2014 oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Acquisitions Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesAcquisitionsTotal
2361186 USD
CY2014 oaks Available For Sale Securities Unamortized Net Discoun Tand Designated Credit Reserves Dispositions Total
AvailableForSaleSecuritiesUnamortizedNetDiscounTandDesignatedCreditReservesDispositionsTotal
2227688 USD
CY2014 oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Accretion Of Net Discount Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesAccretionOfNetDiscountTotal
4760729 USD
CY2014 oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Realized Gain On Paydowns Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesRealizedGainOnPaydownsTotal
223212 USD
CY2014 oaks Available For Sale Securities Unamortized Net Discount And Designated Credit Reserves Realized Credit Losses Total
AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesRealizedCreditLossesTotal
2868699 USD
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AvailableForSaleSecuritiesUnamortizedNetDiscountAndDesignatedCreditReservesReleaseOfCreditReservesTotal
655775 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
5674743 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
6073338 USD
us-gaap Investment Income Net
InvestmentIncomeNet
8390239 USD
us-gaap Investment Income Net
InvestmentIncomeNet
13560475 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
2926137 USD
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
3284661 USD
CY2014Q2 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
1202618 USD
CY2015Q2 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
3827443 USD
CY2014Q2 us-gaap Investment Income Net
InvestmentIncomeNet
4487279 USD
CY2015Q2 us-gaap Investment Income Net
InvestmentIncomeNet
6753580 USD
CY2014Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
25000000 USD
CY2015Q2 us-gaap Secured Debt Repurchase Agreements
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541041099 USD
CY2014Q4 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
594877852 USD
CY2015Q2 oaks Repurchase Agreements Weighted Average Interest Rate
RepurchaseAgreementsWeightedAverageInterestRate
0.0136 pure
CY2014Q4 oaks Repurchase Agreements Weighted Average Interest Rate
RepurchaseAgreementsWeightedAverageInterestRate
0.0099 pure
CY2014Q4 oaks Repurchase Agreement Percentage Of Total Amount Outstanding
RepurchaseAgreementPercentageOfTotalAmountOutstanding
1.00 pure
CY2014Q4 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
695421955 USD
CY2014 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
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P36D
CY2015Q2 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Amount Available
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumAmountAvailable
500000000 USD
CY2015Q2 us-gaap Secured Debt
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CY2015Q2 us-gaap Debt Weighted Average Interest Rate
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0.0035 pure
CY2015Q2 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
55900000 USD
CY2015Q2 us-gaap Derivative Assets
DerivativeAssets
0 USD
CY2015Q2 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
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CY2015Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
3200519 USD
CY2015Q2 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
461000000 USD
CY2014Q4 us-gaap Derivative Assets
DerivativeAssets
21550 USD
CY2014Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
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324000000 USD
CY2015Q2 us-gaap Derivative Average Fixed Interest Rate
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0.0148 pure
CY2015Q2 us-gaap Derivative Average Forward Interest Rate
DerivativeAverageForwardInterestRate
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us-gaap Derivative Average Remaining Maturity1
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CY2015Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
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DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
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DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
591240580 USD
CY2015Q2 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
DerivativeLiabilityNotSubjectToMasterNettingArrangement
0 USD
CY2015Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
3200519 USD
CY2015Q2 oaks Derivative Liabilities At Fair Value
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CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
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CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
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CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
60839661 USD
CY2014Q4 us-gaap Derivative Asset Not Subject To Master Netting Arrangement
DerivativeAssetNotSubjectToMasterNettingArrangement
60818111 USD
CY2014Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
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CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
149584518 USD
CY2014Q4 oaks Derivative Fair Value Of Derivative Liability Amounts Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountsNotOffsetAgainstCollateral
592588794 USD
CY2014Q4 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
DerivativeLiabilityNotSubjectToMasterNettingArrangement
0 USD
CY2014Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
2289058 USD
CY2014Q4 oaks Derivative Liabilities At Fair Value
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us-gaap Derivative Gain Loss On Derivative Net
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oaks Derivative Instrument Total Gain Loss
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us-gaap Derivative Gain Loss On Derivative Net
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oaks Derivative Instrument Unrecognized Unrealized Appreciation Depreciation Net
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oaks Derivative Instrument Total Gain Loss
DerivativeInstrumentTotalGainLoss
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CY2015Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2015Q2 oaks Derivative Instrument Unrecognized Unrealized Appreciation Depreciation Net
DerivativeInstrumentUnrecognizedUnrealizedAppreciationDepreciationNet
902032 USD
CY2014Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-849826 USD
CY2014Q2 oaks Derivative Instrument Unrecognized Unrealized Appreciation Depreciation Net
DerivativeInstrumentUnrecognizedUnrealizedAppreciationDepreciationNet
-5968542 USD
CY2014Q2 oaks Derivative Instrument Total Gain Loss
DerivativeInstrumentTotalGainLoss
-6818368 USD
CY2015Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2638120049 USD
CY2015Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1895808079 USD
CY2014Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2865575195 USD
CY2014Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2104898490 USD
oaks Management Fee Percentage
ManagementFeePercentage
0.015 pure
CY2015Q2 us-gaap Management Fee Payable
ManagementFeePayable
470000 USD
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14724750 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1610000 shares
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0875 pure
CY2015Q2 us-gaap Dividends Common Stock
DividendsCommonStock
5520281 USD
CY2015Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
870726 USD
CY2015Q2 us-gaap Undistributed Earnings
UndistributedEarnings
2357686 USD
CY2014Q2 us-gaap Dividends Common Stock
DividendsCommonStock
4008469 USD
CY2014Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
635923 USD
CY2014Q2 us-gaap Undistributed Earnings
UndistributedEarnings
219783 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
1751235 USD
us-gaap Undistributed Earnings
UndistributedEarnings
13888053 USD
us-gaap Dividends Common Stock
DividendsCommonStock
7191938 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
1116495 USD
us-gaap Undistributed Earnings
UndistributedEarnings
6425098 USD
CY2015Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1310854 USD
CY2015Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
359785 USD
CY2015Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
0 USD
CY2015Q2 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
955419 USD
dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
Maryland
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt"> <b><i>Reclassifications</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify">Certain prior year amounts have been reclassified to conform to current year presentation.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt"> <b><i>Use of Estimates</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify">The financial statements have been prepared on the accrual basis of accounting in accordance with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires the Company to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amount and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the financial statements and the reported amounts of certain revenues and expenses during the reported period. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. The Company&#8217;s estimates are inherently subjective in nature and actual results could differ from its estimates and the differences may be material.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt"> <b><i>Impairment</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt"> <b><i>&#160;</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify">The Company evaluates its MBS, on a quarterly basis, to assess whether a decline in the fair value of an AFS security below the Company's amortized cost basis is an other-than-temporary impairment (&#8220;OTTI&#8221;). The presence of OTTI is based upon a fair value decline below a security's amortized cost basis and a corresponding adverse change in expected cash flows due to credit related factors as well as non-credit factors, such as changes in interest rates and market spreads. Impairment is considered other-than-temporary if an entity (i) intends to sell the security, (ii) will more likely than not be required to sell the security before it recovers in value or (iii) does not expect to recover the security's amortized cost basis, even if the entity does not intend to sell the security. Under these scenarios, the impairment is other-than-temporary and the full amount of impairment should be recognized currently in earnings and the cost basis of the investment security is adjusted. However, if an entity does not intend to sell the impaired debt security and it is more likely than not that it will not be required to sell before recovery, an OTTI should still be recognized to the extent that a decrease in future cash flows expected to be collected is due, at least in part, to an increase in credit loss expectations (&#8220;credit impairment&#8221;). A decrease in future cash flows due to factors other than credit, for example a change in the rate of prepayments, is considered a non-credit impairment. The full amount of the difference between the security&#8217;s previous and new cost basis resulting from credit impairment is recognized currently in earnings, and the difference between the new amortized cost basis and the cash flows expected to be collected is accreted as interest income in accordance with the effective interest method. Decreases in cash flows expected to be collected resulting from non-credit impairment are generally recognized prospectively through adjustment of the loan&#8217;s yield over its remaining life.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q2 oaks Mortgage Service Rights At Fair Value
MortgageServiceRightsAtFairValue
2457374 USD
CY2014Q4 oaks Mortgage Service Rights At Fair Value
MortgageServiceRightsAtFairValue
0 USD
CY2015Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
359785 USD
CY2015Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4350 USD
CY2015Q2 us-gaap Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
491584595 USD
CY2014Q4 us-gaap Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
366103204 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
4006540 USD
CY2015Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
617493 USD
CY2015Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
25 USD
CY2014Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
25 USD
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1610000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1610000 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1610000 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14718750 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14724750 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14718750 shares
CY2015Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
2099907248 USD
CY2014Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
2389784101 USD
CY2015Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
1899078499 USD
CY2014Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
2180936221 USD
CY2015Q2 us-gaap Dividends
Dividends
6391007 USD
CY2014Q2 us-gaap Dividends
Dividends
4644392 USD
us-gaap Dividends
Dividends
12791048 USD
us-gaap Dividends
Dividends
8308433 USD
CY2015Q2 oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-268311 USD
CY2014Q2 oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
0 USD
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
-268311 USD
oaks Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
0 USD
CY2015Q2 us-gaap Other Income
OtherIncome
26611 USD
CY2014Q2 us-gaap Other Income
OtherIncome
0 USD
us-gaap Other Income
OtherIncome
26611 USD
us-gaap Other Income
OtherIncome
0 USD
oaks Payments For Derivative Instrument Investing Activities1
PaymentsForDerivativeInstrumentInvestingActivities1
0 USD
oaks Payments For Derivative Instrument Investing Activities1
PaymentsForDerivativeInstrumentInvestingActivities1
1333187 USD
us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
70399740 USD
us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
-418520 USD
oaks Principal Repayments Of Repurchase Agreements Mortgage Loans Heldforsale
PrincipalRepaymentsOfRepurchaseAgreementsMortgageLoansHeldforsale
54697754 USD
oaks Principal Repayments Of Repurchase Agreements Mortgage Loans Heldforsale
PrincipalRepaymentsOfRepurchaseAgreementsMortgageLoansHeldforsale
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
688281 USD
us-gaap Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
2725685 USD
us-gaap Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
0 USD
CY2014Q2 us-gaap Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
1313200 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
413557 USD
us-gaap Noninterest Expense Offering Cost
NoninterestExpenseOfferingCost
226101 USD
oaks Other Than Temporary Impairment Losses Investment
OtherThanTemporaryImpairmentLossesInvestment
2890939 USD
CY2015Q2 oaks Additional Cost Of Reimbursable Expense Waived
AdditionalCostOfReimbursableExpenseWaived
685000 USD
oaks Additional Cost Of Reimbursable Expense Waived
AdditionalCostOfReimbursableExpenseWaived
685000 USD
CY2015Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
19431 USD
CY2015Q2 oaks Derivative Instrument Total Gain Loss
DerivativeInstrumentTotalGainLoss
-315360 USD
CY2015Q2 oaks Repurchase Agreement Percentage Of Total Amount Outstanding
RepurchaseAgreementPercentageOfTotalAmountOutstanding
1.00 pure
us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P27D
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.15in; MARGIN: 0in 0in 0pt" align="justify">The following table summarizes certain characteristics of the Company&#8217;s repurchase agreements at June 30, 2015 and December 31, 2014:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.5pt; MARGIN: 0in 0in 0pt" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="41%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; 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FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>outstanding</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>interest&#160;rate</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="41%"> <div>Agency</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>168,366,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>0.37</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>298,783,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>0.36</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="41%"> <div>Non-Agency<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>200,524,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.94</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>200,347,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.25</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="41%"> <div>Multi-Family<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>129,488,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.55</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>45,484,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1.85</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="41%"> <div>Mortgage loans</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>42,663,099</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.65</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>50,263,852</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.86</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="2%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="41%"> <div>Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>541,041,099</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>1.36</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="2%"> <div>%</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>594,877,852</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div>0.99</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="2%"> <div>%</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify">&#160;</div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 44.55pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="59"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 10pt"> (1)</div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 10pt" align="justify"><i>At&#160;December 31, 2014, the Company had repurchase agreements of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">85,497,000</font>&#160;that were linked to Non-Agency RMBS purchases and were accounted for as Linked Transactions, and as such, the linked repurchase agreements are not included in the above table. (See Note 3).</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q4 us-gaap Derivative Average Fixed Interest Rate
DerivativeAverageFixedInterestRate
0.0151 pure
CY2014 us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P3Y3M18D
CY2014Q4 us-gaap Derivative Average Forward Interest Rate
DerivativeAverageForwardInterestRate
0.0 pure
oaks Management Fee Accrued
ManagementFeeAccrued
175000 USD
CY2015Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2500000 shares
CY2014 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0875 pure
CY2014Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
1393014 USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1545254 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
0 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
152240 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
152240 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
0 USD
CY2015Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
2403000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
0 USD
CY2014Q4 oaks Deferred Securitization
DeferredSecuritization
USD
CY2015Q2 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
682600185 USD

Files In Submission

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0001144204-15-047834-index-headers.html Edgar Link pending
0001144204-15-047834-index.html Edgar Link pending
0001144204-15-047834.txt Edgar Link pending
0001144204-15-047834-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
oaks-20150630.xml Edgar Link completed
oaks-20150630.xsd Edgar Link pending
oaks-20150630_cal.xml Edgar Link unprocessable
oaks-20150630_def.xml Edgar Link unprocessable
oaks-20150630_lab.xml Edgar Link unprocessable
oaks-20150630_pre.xml Edgar Link unprocessable
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