$RC
Ready Capital Corp Stock $rc

$rc Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000114420416100111 Filed on May 10, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$40.20M	$17.20M
YoY Change	133.72%	63.81%
Cost Of Revenue	$17.40M	$5.500M
YoY Change	216.36%	-19.12%
Gross Profit	$22.80M	$11.70M
YoY Change	94.87%	216.22%
Gross Profit Margin	56.72%	68.02%
Selling, General & Admin	$6.300M	$7.600M
YoY Change	-17.11%	533.33%
% of Gross Profit	27.63%	64.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$232.4K	$227.4K
YoY Change	2.2%
% of Gross Profit	1.02%	1.94%
Operating Expenses	$3.041M	$2.920M
YoY Change	4.15%	30.82%
Operating Profit	$19.76M	$8.780M
YoY Change	125.04%	498.06%
Interest Expense	$4.797M	$4.745M
YoY Change	1.09%	21.56%
% of Operating Profit	24.28%	54.05%
Other Income/Expense, Net	$2.604M	$1.135M
YoY Change	129.38%
Pretax Income	-$4.979M	$271.7K
YoY Change	-1932.58%	-89.06%
Income Tax	-$1.603M	-$145.5K
% Of Pretax Income		-53.56%
Net Earnings	-$3.376M	$417.2K
YoY Change	-909.16%	-83.19%
Net Earnings / Revenue	-8.4%	2.43%
Basic Earnings Per Share	-$0.38	$0.05
Diluted Earnings Per Share	-$0.38	$0.05
COMMON SHARES
Basic Shares Outstanding	7.971M shares	7.971M shares
Diluted Shares Outstanding	8.898M shares	8.898M shares

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$66.60M	$38.00M
YoY Change	75.26%	26.25%
Cash & Equivalents	$66.60M	$38.02M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$66.60M	$38.00M
YoY Change	75.26%	26.25%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill		$16.13M
YoY Change
Intangibles		$5.472M
YoY Change
Long-Term Investments	$177.0M	$592.4M
YoY Change	-70.12%	-10.04%
Other Assets	$4.200M	$3.000M
YoY Change	40.0%	-49.15%
Total Long-Term Assets	$736.1M	$775.4M
YoY Change	-5.07%	16.06%
TOTAL ASSETS
Total Short-Term Assets	$66.60M	$38.00M
Total Long-Term Assets	$736.1M	$775.4M
Total Assets	$802.7M	$813.4M
YoY Change	-1.31%	16.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$19.50M	$12.20M
YoY Change	59.84%	293.55%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$556.0M	$399.5M
YoY Change	39.17%	-12.51%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$579.1M	$415.3M
YoY Change	39.44%	-10.73%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$172.6M
YoY Change	-100.0%	214.96%
Other Long-Term Liabilities	$52.70M	$35.30M
YoY Change	49.29%	2106.25%
Total Long-Term Liabilities	$52.70M	$207.9M
YoY Change	-74.65%	268.62%
TOTAL LIABILITIES
Total Short-Term Liabilities	$579.1M	$415.3M
Total Long-Term Liabilities	$52.70M	$207.9M
Total Liabilities	$649.7M	$623.1M
YoY Change	4.26%	19.49%
SHAREHOLDERS EQUITY
Retained Earnings	-$11.21M	$6.215M
YoY Change	-280.38%	-204.94%
Common Stock		$798.00
YoY Change		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$153.0M	$170.4M
YoY Change
Total Liabilities & Shareholders Equity	$802.7M	$813.4M
YoY Change	-1.31%	16.5%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	-$3.376M	$417.2K
YoY Change	-909.16%	-83.19%
Depreciation, Depletion And Amortization	$232.4K	$227.4K
YoY Change	2.2%
Cash From Operating Activities	-$3.400M	-$30.10M
YoY Change	-88.7%	-1870.59%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$138.9M	$14.00M
YoY Change	892.14%	-113.71%
Cash From Investing Activities	$138.9M	$14.00M
YoY Change	892.14%	-113.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-117.1M	20.30M
YoY Change	-676.85%	-72.38%
NET CHANGE
Cash From Operating Activities	-3.400M	-30.10M
Cash From Investing Activities	138.9M	14.00M
Cash From Financing Activities	-117.1M	20.30M
Net Change In Cash	18.40M	4.200M
YoY Change	338.1%	-115.61%
FREE CASH FLOW
Cash From Operating Activities	-$3.400M	-$30.10M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q1	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	110859815	USD
CY2015Q4	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	115942230	USD
CY2016Q1	us-gaap	Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue	87120006	USD
CY2015Q4	us-gaap	Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue	109339281	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-11211280	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-4984178	USD
CY2016Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q1	us-gaap	Interest And Fee Income Loans Held For Sale Mortgages InterestAndFeeIncomeLoansHeldForSaleMortgages	773963	USD
CY2015Q1	us-gaap	Interest And Fee Income Loans Held For Sale Mortgages InterestAndFeeIncomeLoansHeldForSaleMortgages	608232	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	8704916	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	9687397	USD
CY2016Q1	zfc	Interest Expense Lines Of Credit InterestExpenseLinesOfCredit	551820	USD
CY2015Q1	zfc	Interest Expense Lines Of Credit InterestExpenseLinesOfCredit	553359	USD
CY2016Q1	us-gaap	Interest Expense Other Short Term Borrowings InterestExpenseOtherShortTermBorrowings	2459274	USD
CY2015Q1	us-gaap	Interest Expense Other Short Term Borrowings InterestExpenseOtherShortTermBorrowings	2352936	USD
CY2016Q1	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	1462936	USD
CY2015Q1	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	1436673	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	4797277	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	4745477	USD
CY2016Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	3907639	USD
CY2015Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	4941920	USD
CY2016Q1	zfc	Income Loss From Mortgage Banking Activities Net IncomeLossFromMortgageBankingActivitiesNet	11652914	USD
CY2015Q1	zfc	Income Loss From Mortgage Banking Activities Net IncomeLossFromMortgageBankingActivitiesNet	11152389	USD
CY2016Q1	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	2053796	USD
CY2015Q1	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	1637099	USD
CY2016Q1	zfc	Unrealized Gain Loss On Real Estate Securities UnrealizedGainLossOnRealEstateSecurities	-1793101	USD
CY2015Q1	zfc	Unrealized Gain Loss On Real Estate Securities UnrealizedGainLossOnRealEstateSecurities	-177771	USD
CY2016Q1	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	24622	USD
CY2015Q1	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	136320	USD
CY2016Q1	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	-66766	USD
CY2015Q1	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	101780	USD
CY2016Q1	zfc	Realized Gain Loss On Real Estate Owned RealizedGainLossOnRealEstateOwned	2229	USD
CY2015Q1	zfc	Realized Gain Loss On Real Estate Owned RealizedGainLossOnRealEstateOwned	20677	USD
CY2016Q1	zfc	Realized Gain Loss On Mortgage Loans Held For Investment RealizedGainLossOnMortgageLoansHeldForInvestment	536344	USD
CY2016Q1	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	8054306	USD
CY2015Q1	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	3424914	USD
CY2016Q1	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	12460	USD
CY2015Q1	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	11856	USD
CY2016Q1	us-gaap	Sponsor Fees SponsorFees	767478	USD
CY2015Q1	us-gaap	Sponsor Fees SponsorFees	710800	USD
CY2016Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	7966092	USD
CY2015Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	7399258	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	3040884	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	2919648	USD
CY2016Q1	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	2603865	USD
CY2015Q1	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	1135199	USD
CY2016Q1	us-gaap	Noninterest Expense NoninterestExpense	14378319	USD
CY2015Q1	us-gaap	Noninterest Expense NoninterestExpense	12164905	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1603235	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4979429	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	271717	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	-3376194	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-337446	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	43466	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-3038748	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	373780	USD
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.38
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.38
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7970886	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7970886	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8897800	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8897800	shares
CY2016Q1	us-gaap	Gain Loss On Investments GainLossOnInvestments	-173613	USD
CY2015Q1	us-gaap	Gain Loss On Investments GainLossOnInvestments	-1881728	USD
CY2016Q1	zfc	Unrealized Gain Loss On Mortgage Loans UnrealizedGainLossOnMortgageLoans	2517993	USD
CY2015Q1	zfc	Unrealized Gain Loss On Mortgage Loans UnrealizedGainLossOnMortgageLoans	-1199755	USD
CY2015Q1	zfc	Realized Gain Loss On Mortgage Loans Held For Investment RealizedGainLossOnMortgageLoansHeldForInvestment	144111	USD
CY2016Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	370766	USD
CY2016Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	3188354	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	193383812	USD
CY2015Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	370766	USD
CY2015Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	3188354	USD
CY2015Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	190241938	USD
CY2016Q1	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	10123602	USD
CY2015Q1	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	0	USD
CY2016Q1	zfc	Gain Loss On Sales Of Mortgage Loans Held For Sale GainLossOnSalesOfMortgageLoansHeldForSale	16583439	USD
CY2016Q1	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	11455134	USD
CY2015Q1	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	7460149	USD
CY2016Q1	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	4178332	USD
CY2015Q1	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	3942700	USD
CY2016Q1	zfc	Proceeds From Sale Of Real Estate Securities ProceedsFromSaleOfRealEstateSecurities	16094298	USD
CY2015Q1	zfc	Proceeds From Sale Of Real Estate Securities ProceedsFromSaleOfRealEstateSecurities	0	USD
CY2016Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-211651	USD
CY2015Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-4112699	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	20410622	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	14038710	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	709627	USD
CY2015Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	27468994	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	602807	USD
CY2015Q1	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-244515	USD
CY2016Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	83722	USD
CY2015Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	1016063	USD
CY2016Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	12583102	USD
CY2015Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	4404331	USD
CY2016Q1	zfc	Payments Of Dividends Common Stock And Noncontrolling Interest PaymentsOfDividendsCommonStockAndNoncontrollingInterest	3559120	USD
CY2015Q1	zfc	Payments Of Dividends Common Stock And Noncontrolling Interest PaymentsOfDividendsCommonStockAndNoncontrollingInterest	3559120	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	24827934	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	20277091	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	45811097	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	4231305	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	33791013	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	38022318	USD
CY2016Q1	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	1513223	USD
CY2015Q1	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	189648	USD
CY2016Q1	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-239111	USD
CY2015Q1	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	538062	USD
CY2016Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	275196	USD
CY2015Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	248934	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	232430	USD
CY2015Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	227424	USD
CY2016Q1	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	456891268	USD
CY2015Q1	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	431251708	USD
CY2016Q1	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	435225414	USD
CY2015Q1	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	451669250	USD
CY2015Q1	zfc	Gain Loss On Sales Of Mortgage Loans Held For Sale GainLossOnSalesOfMortgageLoansHeldForSale	7920341	USD
CY2016Q1	zfc	Increase Decrease In Servicing Assets IncreaseDecreaseInServicingAssets	4697976	USD
CY2015Q1	zfc	Increase Decrease In Servicing Assets IncreaseDecreaseInServicingAssets	3409899	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	3516147	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	810733	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	968318	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	467431	USD
CY2016Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	198000	USD
CY2015Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	523425	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	572541	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-30084496	USD
CY2015Q1	us-gaap	Servicing Fees Net ServicingFeesNet	1637099	USD
CY2016Q1	zfc	Expiration Date ExpirationDate	June 2016 November 2016
CY2015	zfc	Expiration Date ExpirationDate	June 2016 November 2016
CY2016Q1	us-gaap	Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue	20886	USD
CY2016Q1	zfc	Origination Of Mortgage Loans Held For Investment OriginationOfMortgageLoansHeldForInvestment	1405191	USD
CY2015Q1	zfc	Origination Of Mortgage Loans Held For Investment OriginationOfMortgageLoansHeldForInvestment	1476838	USD
CY2015Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3559120	USD
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1116815	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	919730	USD
CY2016Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	197085	USD
CY2015Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	197085	USD
CY2014Q4	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	267509905	USD
CY2015Q1	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions	0	USD
CY2015Q1	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion	6605967	USD
CY2015Q1	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference	1686736	USD
CY2015Q1	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	259217202	USD
CY2016Q1	us-gaap	Other Real Estate And Foreclosed Assets OtherRealEstateAndForeclosedAssets	2356589	USD
CY2015Q4	us-gaap	Other Real Estate And Foreclosed Assets OtherRealEstateAndForeclosedAssets	1784670	USD
CY2016Q1	us-gaap	Mortgage Loans In Process Of Foreclosure Amount MortgageLoansInProcessOfForeclosureAmount	11254632	USD
CY2015Q4	us-gaap	Mortgage Loans In Process Of Foreclosure Amount MortgageLoansInProcessOfForeclosureAmount	5597611	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	456891268	USD
CY2014Q4	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	97690960	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	431251708	USD
CY2015Q1	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	126028843	USD
CY2016Q1	us-gaap	Principal Amount Outstanding On Loans Held For Sale Or Securitization PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization	105739051	USD
CY2014Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	33378978	USD
CY2015Q1	us-gaap	Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions	2710478	USD
CY2015Q1	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	33363963	USD
CY2015Q1	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	3409899	USD
CY2016Q1	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	3166264	USD
CY2015Q1	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	2384402	USD
CY2016Q1	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	86	USD
CY2015Q1	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	35	USD
CY2016Q1	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	1112554	USD
CY2015Q1	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	747338	USD
CY2016Q1	us-gaap	Servicing Fees Net ServicingFeesNet	2053796	USD
CY2015Q4	us-gaap	Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue	375579	USD
CY2015Q1	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	10956258	USD
CY2016Q1	us-gaap	Product Warranty Expense ProductWarrantyExpense	197220	USD
CY2015Q1	us-gaap	Product Warranty Expense ProductWarrantyExpense	192866	USD
CY2015Q1	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	388997	USD
CY2016Q1	us-gaap	Escrow Deposit EscrowDeposit	4005732	USD
CY2016Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	500886171	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	471866931	USD
CY2016Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset	0	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset	0	USD
CY2016Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	500886171	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	3414174	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	471866931	USD
CY2016Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	497234310	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	468452757	USD
CY2016Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	3651861	USD
CY2016Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	0	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	0	USD
CY2015Q4	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	397678140	USD
CY2016Q1	us-gaap	Assets Sold Under Agreements To Repurchase Repurchase Liability AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability	39574000	USD
CY2015Q4	us-gaap	Assets Sold Under Agreements To Repurchase Repurchase Liability AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability	0	USD
CY2015Q4	us-gaap	Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements	394942512	USD
CY2016Q1	zfc	Mortgage Loans Held For Sale Amount Pledged As Collateral MortgageLoansHeldForSaleAmountPledgedAsCollateral	110859815	USD
CY2015Q4	zfc	Mortgage Loans Held For Sale Amount Pledged As Collateral MortgageLoansHeldForSaleAmountPledgedAsCollateral	115942230	USD
CY2016Q1	us-gaap	Financial Instruments Owned And Pledged As Collateral At Fair Value FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue	78795777	USD
CY2015Q4	us-gaap	Financial Instruments Owned And Pledged As Collateral At Fair Value FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue	95627850	USD
CY2016Q1	us-gaap	Pledged Assets Not Separately Reported Other Financial Instruments PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments	2033403	USD
CY2015Q4	us-gaap	Pledged Assets Not Separately Reported Other Financial Instruments PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments	1989174	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7970886	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7970886	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7970886	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7970886	shares
CY2016Q1	zfc	Treasury Securities Change In Unrealized Gain Loss TreasurySecuritiesChangeInUnrealizedGainLoss	5941	USD
CY2015Q1	zfc	Treasury Securities Change In Unrealized Gain Loss TreasurySecuritiesChangeInUnrealizedGainLoss	0	USD
CY2016Q1	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	-724607	USD
CY2015Q1	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	0	USD
CY2016Q1	zfc	Proceeds From Treasury Securities Repurchase Agreement Borrowings ProceedsFromTreasurySecuritiesRepurchaseAgreementBorrowings	39574000	USD
CY2015Q1	zfc	Proceeds From Treasury Securities Repurchase Agreement Borrowings ProceedsFromTreasurySecuritiesRepurchaseAgreementBorrowings	0	USD
CY2016Q1	us-gaap	Nature Of Operations NatureOfOperations	<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: 0.5in; MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b>1. Formation and Organization</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify">ZAIS Financial Corp. and subsidiaries (the "Company") was incorporated in Maryland on May 24, 2011, and has elected to be taxed and to qualify as a real estate investment trust ("REIT") beginning with the taxable year ended December 31, 2011. The Company completed its formation transaction and commenced operations on July 29, 2011.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; size: 8.5in 11.0in" align="justify">The Company invests in residential mortgage loans. GMFS, LLC (“GMFS”), a mortgage banking platform the Company acquired in October 2014, originates, sells and services residential mortgage loans and the Company acquires performing, re-performing and newly originated loans through other channels. The Company also invests in, finances and manages residential mortgage-backed securities ("RMBS") that are not issued or guaranteed by a federally chartered corporation, such as the Federal National Mortgage Association ("Fannie Mae"), the Federal Home Loan Mortgage Corporation ("Freddie Mac"), or an agency of the U.S. Government, such as Government National Mortgage Association ("Ginnie Mae") ("non-Agency RMBS"), with an emphasis on securities that, when originally issued, were rated in the highest rating category by one or more of the nationally recognized statistical rating organizations and residential mortgage servicing rights (“MSRs”). The Company also has the discretion to invest in RMBS that are issued or guaranteed by a federally chartered corporation or a U.S. Government agency ("Agency RMBS"), including through To-Be-Announced ("TBA") contracts, and in other real estate-related and financial assets.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; size: 8.5in 11.0in" align="justify">On April 6, 2016, the Company, ZAIS Financial Partners, L.P. (“Company Operating Partnership” or the “Operating Partnership”), the operating partnership of the Company, ZAIS Merger Sub, LLC (“Merger Sub”), a wholly owned subsidiary of the Company, Sutherland Asset Management Corporation ( “Sutherland”) and Sutherland Partners, L.P. (“Sutherland Operating Partnership”) entered into an agreement and plan of merger, as amended as of May 9, 2016 (the “Sutherland Merger Agreement”). Subject to the terms and conditions of the Sutherland Merger Agreement, (i) Sutherland will merge with and into Merger Sub (the “Sutherland Merger”), with Merger Sub surviving the Sutherland Merger and continuing as a wholly owned subsidiary of the Company and (ii) Sutherland Operating Partnership will merge with and into Company Operating Partnership (the “Partnership Merger” and together with the Sutherland Merger, the “Mergers”), with Company Operating Partnership surviving the Partnership Merger (the “Surviving Partnership”). The transaction will be accounted for as a reverse merger.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both; size: 8.5in 11.0in">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; size: 8.5in 11.0in" align="justify">In order to reduce market risk in its investment portfolio<font style="COLOR: #1f497d">,</font> prior to entering into the Sutherland Merger Agreement<font style="COLOR: #1f497d">,</font> the Company had begun the process of selling its seasoned, re-performing mortgage loans from its residential mortgage investments segment. The Sutherland Merger Agreement requires the Company to complete the sale of its seasoned, re-performing mortgage loans as a condition to closing of the Mergers. A sale of these mortgage loans is expected to be completed in the second quarter of 2016. If completed, these mortgage loan sales are likely to result in a reduction of the Company’s investment income and, if the Mergers are not completed, may therefore result in a decision to curtail dividends in the future. Additionally, as part of the strategic review, the Company had made the decision to cease the purchase of newly originated residential mortgage loans as part of its mortgage conduit purchase program and began the process of terminating contracts and surrendering governmental licenses relating to the Company’s mortgage conduit business. The Sutherland Merger Agreement requires the Company to complete the process of terminating contracts and surrendering governmental licenses relating to its mortgage conduit business.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both; size: 8.5in 11.0in">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify">The Company's income is generated primarily by the net spread between the income it earns on its assets and the cost of its financing and hedging activities in its residential mortgage investments segment, and the origination, sale and servicing of residential mortgage loans in its residential mortgage banking segment. The Company's objective is to provide attractive risk-adjusted returns to its stockholders, primarily through quarterly dividend distributions and secondarily through capital appreciation.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify">The Company's charter authorizes the issuance of up to <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 500,000,000</font> shares of common stock with a par value of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.0001</font> per share, and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 50,000,000</font> shares of preferred stock, with a par value of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.0001</font> per share. The Company's board of directors is authorized to amend its charter, without the approval of stockholders, to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series of capital stock or to classify and reclassify any unissued shares of its capital stock into other classes or series of stock that the Company has the authority to issue.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify">The Company is the sole general partner of, and conducts substantially all of its business through, the Operating Partnership. The Company is externally managed by ZAIS REIT Management, LLC (the "Advisor"), a subsidiary of ZAIS Group, LLC ("ZAIS"), and has no employees except for those employed by GMFS. GMFS had 243 employees at March 31, 2016.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1	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: 0.5in; MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><i>Estimates</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may ultimately differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	11430413	USD
CY2015Q1	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	11953838	USD
CY2016Q1	us-gaap	Concentration Risk Credit Risk Uninsured Deposits ConcentrationRiskCreditRiskUninsuredDeposits	The Company's deposits with financial institutions may exceed federally insurable limits of $250,000 per institution
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	591255	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	732776	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	455004	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	455004	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	455004	USD
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CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	265054976	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	216072457	USD
CY2016Q1	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	237391	USD
CY2015Q1	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	182987	USD
CY2016Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	720626	USD
CY2016Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	875720	USD
CY2015	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	867415	USD
CY2016Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
CY2015Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
CY2016Q1	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	0	USD
CY2015Q1	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	0	USD
CY2016Q1	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	0	USD
CY2015Q1	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	0	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-3376194	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	417246	USD
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CY2016Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	pure
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CY2016Q1	us-gaap	Mortgage Loans On Real Estate Minimum Interest Rate In Range MortgageLoansOnRealEstateMinimumInterestRateInRange	0.020	pure
CY2015	us-gaap	Mortgage Loans On Real Estate Maximum Interest Rate In Range MortgageLoansOnRealEstateMaximumInterestRateInRange	0.1220	pure
CY2016Q1	us-gaap	Mortgage Loans On Real Estate Maximum Interest Rate In Range MortgageLoansOnRealEstateMaximumInterestRateInRange	0.1220	pure
CY2015	us-gaap	Mortgage Loans On Real Estate Minimum Interest Rate In Range MortgageLoansOnRealEstateMinimumInterestRateInRange	0.0175	pure
CY2016Q1	us-gaap	Servicing Asset At Fair Value Other Changes In Fair Value ServicingAssetAtFairValueOtherChangesInFairValue	1444721	USD
CY2015Q1	us-gaap	Servicing Asset At Fair Value Other Changes In Fair Value ServicingAssetAtFairValueOtherChangesInFairValue	714436	USD
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	-0.3400	pure
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.0409	pure
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.0626	pure
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CY2015Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.3182	pure
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.0037	pure
CY2016Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.3220	pure
CY2016Q1	us-gaap	Interest Income Operating InterestIncomeOperating	8704916	USD
CY2016Q1	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	688689	USD
CY2016Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	-186034	USD
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CY2016Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	232430	USD
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CY2016Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	680366	USD
CY2015	zfc	Notional Balance Of Io NotionalBalanceOfIo	35000000	USD
CY2016Q1	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	812919	USD
CY2016Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	128358	USD
CY2016Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	0	USD
CY2016Q1	zfc	Operating Leases Future Minimum Payments Due Thereafter Four Year OperatingLeasesFutureMinimumPaymentsDueThereafterFourYear	0	USD
CY2016Q1	us-gaap	Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements	32114039	USD
CY2016Q1	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	32114043	USD
CY2016Q1	zfc	Mortgage Loan Held For Sale Previously Held For Investment MortgageLoanHeldForSalePreviouslyHeldForInvestment	368956195	USD
CY2015Q4	zfc	Mortgage Loan Held For Sale Previously Held For Investment MortgageLoanHeldForSalePreviouslyHeldForInvestment	0	USD
CY2016Q1	zfc	Loans Pledged As Collateral Mortgage Loans Held For Sale Previously Held For Invetsment LoansPledgedAsCollateralMortgageLoansHeldForSalePreviouslyHeldForInvetsment	368071942	USD
CY2016Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	294519	USD
CY2015Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	6625989	USD
CY2016Q1	zfc	Interest And Fee Income Mortgages Loans Heldforsale Previously Held For Investment InterestAndFeeIncomeMortgagesLoansHeldforsalePreviouslyHeldForInvestment	6081850	USD
CY2015Q1	zfc	Interest And Fee Income Mortgages Loans Heldforsale Previously Held For Investment InterestAndFeeIncomeMortgagesLoansHeldforsalePreviouslyHeldForInvestment	0	USD
CY2016Q1	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	1275	USD
CY2015Q1	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	0	USD
CY2016Q1	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	321972	USD
CY2015Q1	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	402509	USD
CY2015Q4	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	247751944	USD
CY2016Q1	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion	6207756	USD
CY2016Q1	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference	4282052	USD
CY2016Q1	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	237262136	USD
CY2016Q1	zfc	Loans Delinquent Considered Nonperforming LoansDelinquentConsideredNonperforming	60days or more
CY2015Q1	us-gaap	Dividends Payable Date Declared Day Month And Year DividendsPayableDateDeclaredDayMonthAndYear	2015-03-19
CY2016Q1	us-gaap	Dividends Payable Date Declared Day Month And Year DividendsPayableDateDeclaredDayMonthAndYear	2016-03-17
CY2016Q1	us-gaap	Dividends Payable Date Of Record Day Month And Year DividendsPayableDateOfRecordDayMonthAndYear	2016-03-31
CY2015Q1	us-gaap	Dividends Payable Date Of Record Day Month And Year DividendsPayableDateOfRecordDayMonthAndYear	2015-03-31
CY2016Q1	us-gaap	Dividend Payable Date To Be Paid Day Month And Year DividendPayableDateToBePaidDayMonthAndYear	2016-04-15
CY2015Q1	us-gaap	Dividend Payable Date To Be Paid Day Month And Year DividendPayableDateToBePaidDayMonthAndYear	2015-04-15
CY2016Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.40
CY2015Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.40
CY2015Q1	us-gaap	Goodwill Goodwill	16127070	USD
CY2014Q4	us-gaap	Goodwill Goodwill	16512680	USD
CY2016Q1	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	0	USD
CY2015Q1	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	-385610	USD
CY2016Q1	zfc	Notional Balance Of Io NotionalBalanceOfIo	33700000	USD
CY2016Q1	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	368956195	USD

Files In Submission

Name	View Source	Status
0001144204-16-100111-index-headers.html	Edgar Link	pending
0001144204-16-100111-index.html	Edgar Link	pending
0001144204-16-100111.txt	Edgar Link	pending
0001144204-16-100111-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
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zfc-20160331.xml	Edgar Link	completed
zfc-20160331.xsd	Edgar Link	pending
zfc-20160331_cal.xml	Edgar Link	unprocessable
zfc-20160331_def.xml	Edgar Link	unprocessable
zfc-20160331_lab.xml	Edgar Link	unprocessable
zfc-20160331_pre.xml	Edgar Link	unprocessable

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$RC
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2016 Q1 Form 10-Q Financial Statement

#000114420416100111 Filed on May 10, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RC Ready Capital Corp Stock $rc

2016 Q1 Form 10-Q Financial Statement

#000114420416100111 Filed on May 10, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RC
Ready Capital Corp Stock $rc