$RC
Ready Capital Corp Stock $rc

$rc Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000114420416117733 Filed on August 09, 2016

Income Statement

Concept	2016 Q2	2015 Q4	2015 Q2
Revenue	$35.80M	$107.5M	$28.10M
YoY Change	27.4%	788.43%	-16.12%
Cost Of Revenue	$19.10M	$45.90M	$5.400M
YoY Change	253.7%	782.69%	-19.4%
Gross Profit	$16.70M	$61.70M	$22.60M
YoY Change	-26.11%	794.2%	-15.99%
Gross Profit Margin	46.65%	57.4%	80.43%
Selling, General & Admin	$5.300M	-$600.0K	$8.300M
YoY Change	-36.14%	-115.79%	730.0%
% of Gross Profit	31.74%	-0.97%	36.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$0.00	$0.00	$300.0K
YoY Change	-100.0%	-100.0%
% of Gross Profit	0.0%	0.0%	1.33%
Operating Expenses	$2.684M	$17.20M	$3.953M
YoY Change	-32.11%	129.33%	170.27%
Operating Profit	$14.02M	$44.50M	$18.65M
YoY Change	-24.83%	-7516.67%	-26.7%
Interest Expense	$4.114M	$4.665M	$4.728M
YoY Change	-12.99%	4.89%	7.05%
% of Operating Profit	29.35%	10.48%	25.35%
Other Income/Expense, Net	$3.144M	$5.900M	$976.3K
YoY Change	222.06%
Pretax Income	-$1.065M	$50.30M	$9.609M
YoY Change	-111.09%	-8483.33%	-62.86%
Income Tax	$55.33K	$1.912M	$2.900M
% Of Pretax Income		3.8%	30.18%
Net Earnings	-$1.121M	-$1.835M	$6.710M
YoY Change	-116.7%	-945.69%	-74.07%
Net Earnings / Revenue	-3.13%	-1.71%	23.88%
Basic Earnings Per Share	-$0.13	-$0.21	$0.76
Diluted Earnings Per Share	-$0.13	-$0.21	$0.65
COMMON SHARES
Basic Shares Outstanding	7.971M shares	7.971M shares	7.971M shares
Diluted Shares Outstanding	8.898M shares	8.898M shares	10.68M shares

Balance Sheet

Concept	2016 Q2	2015 Q4	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$188.5M	$41.60M	$28.60M
YoY Change	559.09%	23.08%	3.62%
Cash & Equivalents	$188.5M	$20.79M	$28.64M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$188.5M	$41.60M	$28.60M
YoY Change	559.09%	23.08%	3.62%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill	$14.18M	$14.18M	$14.18M
YoY Change	0.0%	-14.11%
Intangibles	$4.486M	$4.880M	$5.274M
YoY Change	-14.95%	-13.91%
Long-Term Investments	$185.9M	$626.9M	$592.6M
YoY Change	-68.63%	4.48%	-11.93%
Other Assets	$4.800M	$26.10M	$2.300M
YoY Change	108.7%	267.61%	-71.6%
Total Long-Term Assets	$376.9M	$733.5M	$754.0M
YoY Change	-50.02%	-3.3%	9.99%
TOTAL ASSETS
Total Short-Term Assets	$188.5M	$41.60M	$28.60M
Total Long-Term Assets	$376.9M	$733.5M	$754.0M
Total Assets	$565.4M	$775.1M	$782.6M
YoY Change	-27.76%	-2.18%	9.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.70M	$47.70M	$14.30M
YoY Change	30.77%	307.69%	472.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$321.6M	$644.1M	$478.4M
YoY Change	-32.78%	59.79%	6.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$343.9M	$705.2M	$496.3M
YoY Change	-30.71%	68.55%	8.43%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$1.136B	$56.00M
YoY Change	-100.0%	683.99%	1.82%
Other Long-Term Liabilities	$55.30M	$8.400M	$36.90M
YoY Change	49.86%	-76.47%	2206.25%
Total Long-Term Liabilities	$55.30M	$1.144B	$92.90M
YoY Change	-40.47%	533.67%	64.13%
TOTAL LIABILITIES
Total Short-Term Liabilities	$343.9M	$705.2M	$496.3M
Total Long-Term Liabilities	$55.30M	$1.144B	$92.90M
Total Liabilities	$399.2M	$597.4M	$589.2M
YoY Change	-32.25%	-0.28%	14.6%
SHAREHOLDERS EQUITY
Retained Earnings	-$15.44M	-$4.984M	$9.081M
YoY Change	-270.0%	-155.2%	-35.43%
Common Stock	$798.00	$798.00	$798.00
YoY Change	0.0%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$148.8M	$159.2M	$173.3M
YoY Change
Total Liabilities & Shareholders Equity	$565.4M	$775.1M	$782.6M
YoY Change	-27.76%	-2.18%	9.74%

Cashflow Statement

Concept	2016 Q2	2015 Q4	2015 Q2
OPERATING ACTIVITIES
Net Income	-$1.121M	-$1.835M	$6.710M
YoY Change	-116.7%	-945.69%	-74.07%
Depreciation, Depletion And Amortization	$0.00	$0.00	$300.0K
YoY Change	-100.0%	-100.0%
Cash From Operating Activities	$15.40M	$44.30M	$18.70M
YoY Change	-17.65%	-723.94%	-634.29%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$65.80M	-$228.8M	$13.40M
YoY Change	391.04%	-423.62%	20.72%
Cash From Investing Activities	$65.80M	-$228.8M	$13.40M
YoY Change	391.04%	-423.62%	20.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-86.10M	173.7M	-41.50M
YoY Change	107.47%	-411.85%	306.86%
NET CHANGE
Cash From Operating Activities	15.40M	44.30M	18.70M
Cash From Investing Activities	65.80M	-228.8M	13.40M
Cash From Financing Activities	-86.10M	173.7M	-41.50M
Net Change In Cash	-4.900M	-10.80M	-9.400M
YoY Change	-47.87%	-236.71%	261.54%
FREE CASH FLOW
Cash From Operating Activities	$15.40M	$44.30M	$18.70M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	4371725	USD
CY2016Q2	us-gaap	Cost Method Investments CostMethodInvestments	1711199	USD
CY2015Q4	us-gaap	Cost Method Investments CostMethodInvestments	1886642	USD
CY2016Q2	us-gaap	Financial Instruments Owned Other At Fair Value FinancialInstrumentsOwnedOtherAtFairValue	13247414	USD
CY2015Q4	us-gaap	Financial Instruments Owned Other At Fair Value FinancialInstrumentsOwnedOtherAtFairValue	12804196	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	18553818	USD
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CY2016Q2	us-gaap	Mortgage Loans On Real Estate Commercial And Consumer Net MortgageLoansOnRealEstateCommercialAndConsumerNet	43572755	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	565352636	USD
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CY2016Q2	us-gaap	Goodwill Goodwill	14183537	USD
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	us-gaap	Interest And Fee Income Loans Held For Sale Mortgages InterestAndFeeIncomeLoansHeldForSaleMortgages	1690023	USD
	us-gaap	Interest And Fee Income Loans Held For Sale Mortgages InterestAndFeeIncomeLoansHeldForSaleMortgages	1401456	USD
	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	2538590	USD
	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	4701415	USD
	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	416026	USD
	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	96381	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	13892057	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	19248745	USD
	zfc	Interest Expense Lines Of Credit InterestExpenseLinesOfCredit	1205459	USD
	zfc	Interest Expense Lines Of Credit InterestExpenseLinesOfCredit	1072291	USD
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	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	2879667	USD
	us-gaap	Interest Expense InterestExpense	8911002	USD
	us-gaap	Interest Expense InterestExpense	9473226	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	4981055	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	9775519	USD
	zfc	Income Loss From Mortgage Banking Activities Net IncomeLossFromMortgageBankingActivitiesNet	27232353	USD
	zfc	Income Loss From Mortgage Banking Activities Net IncomeLossFromMortgageBankingActivitiesNet	23255382	USD
	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	4109447	USD
	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	3304734	USD
	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	14249423	USD
	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	-222808	USD
	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	33910	USD
	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	24057	USD
	us-gaap	Sponsor Fees SponsorFees	1540835	USD
	us-gaap	Sponsor Fees SponsorFees	1428288	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	17471938	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	15489665	USD
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	us-gaap	Operating Expenses OperatingExpenses	6872804	USD
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	us-gaap	Noninterest Expense NoninterestExpense	30485537	USD
	us-gaap	Noninterest Expense NoninterestExpense	25902219	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1547905	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2754387	USD
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	us-gaap	Profit Loss ProfitLoss	-4496947	USD
	us-gaap	Profit Loss ProfitLoss	7126762	USD
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	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.51
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.81
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.51
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.79
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	us-gaap	Noninterest Income NoninterestIncome	17126287	USD
	us-gaap	Noninterest Income NoninterestIncome	26806981	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	2333343	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	-799132	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-606595	USD
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	zfc	Unrealized Gain Loss On Mortgage Loans UnrealizedGainLossOnMortgageLoans	-19962762	USD
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	zfc	Unrealized Gain Loss On Real Estate Securities UnrealizedGainLossOnRealEstateSecurities	-2143073	USD
	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	362860	USD
	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	144527	USD
	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	929407	USD
	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	8568	USD
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CY2016Q2	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	6195117	USD
CY2015Q2	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	-3647722	USD
CY2016Q2	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	21450	USD
CY2015Q2	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	12201	USD
CY2016Q2	us-gaap	Sponsor Fees SponsorFees	773357	USD
CY2015Q2	us-gaap	Sponsor Fees SponsorFees	717488	USD
CY2016Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	9505846	USD
CY2015Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	8090407	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	2683898	USD
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	3953156	USD
CY2016Q2	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	3144117	USD
CY2015Q2	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	976263	USD
CY2016Q2	us-gaap	Noninterest Expense NoninterestExpense	16107218	USD
CY2015Q2	us-gaap	Noninterest Expense NoninterestExpense	13737314	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	55330	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2899916	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1065423	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	9609432	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	-1120753	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	6709516	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-82748	USD
CY2015Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	655705	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1038005	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	6053811	USD
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.13
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.76
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.13
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.65
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7970886	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7970886	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8897800	shares
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10677360	shares
CY2016Q2	us-gaap	Noninterest Income NoninterestIncome	11461423	USD
CY2015Q2	us-gaap	Noninterest Income NoninterestIncome	17430551	USD
CY2016Q2	us-gaap	Gain Loss On Investments GainLossOnInvestments	2506956	USD
CY2015Q2	us-gaap	Gain Loss On Investments GainLossOnInvestments	1082596	USD
CY2016Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	69673	USD
CY2015Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	1401457	USD
CY2016Q2	zfc	Unrealized Gain Loss On Mortgage Loans UnrealizedGainLossOnMortgageLoans	-22480755	USD
CY2015Q2	zfc	Unrealized Gain Loss On Mortgage Loans UnrealizedGainLossOnMortgageLoans	1246996	USD
CY2016Q2	zfc	Unrealized Gain Loss On Real Estate Securities UnrealizedGainLossOnRealEstateSecurities	1129571	USD
CY2015Q2	zfc	Unrealized Gain Loss On Real Estate Securities UnrealizedGainLossOnRealEstateSecurities	-1965302	USD
CY2016Q2	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	338238	USD
CY2015Q2	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	8207	USD
CY2016Q2	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	996173	USD
CY2015Q2	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	-93212	USD
CY2016Q2	zfc	Realized Gain Loss On Real Estate Owned RealizedGainLossOnRealEstateOwned	106585	USD
CY2015Q2	zfc	Realized Gain Loss On Real Estate Owned RealizedGainLossOnRealEstateOwned	-24589	USD
CY2016Q2	zfc	Realized Gain Loss On Mortgage Loans Held For Investment RealizedGainLossOnMortgageLoansHeldForInvestment	22319368	USD
CY2015Q2	zfc	Realized Gain Loss On Mortgage Loans Held For Investment RealizedGainLossOnMortgageLoansHeldForInvestment	472740	USD
CY2016Q2	zfc	Treasury Securities Change In Unrealized Gain Loss TreasurySecuritiesChangeInUnrealizedGainLoss	3392	USD
CY2015Q2	zfc	Treasury Securities Change In Unrealized Gain Loss TreasurySecuritiesChangeInUnrealizedGainLoss	0	USD
CY2016Q2	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	460221	USD
CY2015Q2	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	6423504	USD
CY2016Q2	zfc	Interest And Fee Income Mortgages Loans Heldforsale Previously Held For Investment InterestAndFeeIncomeMortgagesLoansHeldforsalePreviouslyHeldForInvestment	2410828	USD
CY2015Q2	zfc	Interest And Fee Income Mortgages Loans Heldforsale Previously Held For Investment InterestAndFeeIncomeMortgagesLoansHeldforsalePreviouslyHeldForInvestment	0	USD
CY2016Q2	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	59587	USD
CY2015Q2	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	0	USD
CY2016Q2	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	309773	USD
CY2015Q2	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	394542	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	741532	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	6376708	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	193383812	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	741532	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	6376708	USD
CY2015Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	193442334	USD
	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	22922925	USD
	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	685481	USD
	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	24560926	USD
	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	16483220	USD
	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	8295003	USD
	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	8955597	USD
	zfc	Proceeds From Sale Of Real Estate Securities ProceedsFromSaleOfRealEstateSecurities	16094298	USD
	zfc	Proceeds From Sale Of Real Estate Securities ProceedsFromSaleOfRealEstateSecurities	10486280	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	474742	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-4861949	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	381300461	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	27423388	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	1729080	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	6675380	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-262748835	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-3941577	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	402192	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	1297081	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	14989512	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	18118646	USD
	zfc	Payments Of Dividends Common Stock And Noncontrolling Interest PaymentsOfDividendsCommonStockAndNoncontrollingInterest	7118240	USD
	zfc	Payments Of Dividends Common Stock And Noncontrolling Interest PaymentsOfDividendsCommonStockAndNoncontrollingInterest	7118240	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-213471315	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-21156002	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	167743942	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-5155474	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	33791013	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	28635539	USD
	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	1513223	USD
	us-gaap	Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1 NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1	1137292	USD
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	1014595	USD
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	1432940	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	557380	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	504188	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	469332	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	457962	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	1042529074	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	981116104	USD
	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	1002159835	USD
	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	955619927	USD
	zfc	Gain Loss On Sales Of Mortgage Loans Held For Sale GainLossOnSalesOfMortgageLoansHeldForSale	38295933	USD
	zfc	Gain Loss On Sales Of Mortgage Loans Held For Sale GainLossOnSalesOfMortgageLoansHeldForSale	32524259	USD
	zfc	Increase Decrease In Servicing Assets IncreaseDecreaseInServicingAssets	9090394	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-3838218	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	473839	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	142110	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	2869402	USD
	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	399000	USD
	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	849232	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-85204	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-11422860	USD
	zfc	Origination Of Mortgage Loans Held For Investment OriginationOfMortgageLoansHeldForInvestment	1405191	USD
	zfc	Origination Of Mortgage Loans Held For Investment OriginationOfMortgageLoansHeldForInvestment	2194438	USD
	zfc	Proceeds From Treasury Securities Repurchase Agreement Borrowings ProceedsFromTreasurySecuritiesRepurchaseAgreementBorrowings	108839000	USD
	zfc	Proceeds From Treasury Securities Repurchase Agreement Borrowings ProceedsFromTreasurySecuritiesRepurchaseAgreementBorrowings	0	USD
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2016Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	368956195	USD
CY2014Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	11430413	USD
CY2015Q2	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	12279645	USD
CY2016Q1	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	11483100	USD
CY2016Q2	us-gaap	Principal Amount Outstanding On Loans Held For Sale Or Securitization PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization	106414694	USD
CY2015Q4	us-gaap	Principal Amount Outstanding On Loans Held For Sale Or Securitization PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization	111393424	USD
	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	10536114	USD
	us-gaap	Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions	11137680	USD
CY2014Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	33378978	USD
	us-gaap	Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions	-1691115	USD
CY2015Q2	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	42692180	USD
	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	9090394	USD
CY2015Q1	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	11953838	USD
CY2016Q2	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	201000	USD
CY2015Q2	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	325807	USD
CY2015Q2	us-gaap	Goodwill Goodwill	14183537	USD
CY2014Q4	us-gaap	Goodwill Goodwill	16512680	USD
	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	-385610	USD
	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	0	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1313900	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	919730	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	732776	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	455004	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	455004	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	455004	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	455004	USD
CY2014Q4	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	267509905	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions	0	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion	12994521	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference	3502800	USD
CY2015Q2	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	258018184	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions	0	USD
CY2015Q4	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	247751944	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion	2410833	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference	0	USD
CY2016Q2	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	0	USD
CY2016Q2	us-gaap	Other Real Estate And Foreclosed Assets OtherRealEstateAndForeclosedAssets	0	USD
CY2015Q4	us-gaap	Other Real Estate And Foreclosed Assets OtherRealEstateAndForeclosedAssets	1784670	USD
CY2016Q2	us-gaap	Mortgage Loans In Process Of Foreclosure Amount MortgageLoansInProcessOfForeclosureAmount	0	USD
CY2015Q4	us-gaap	Mortgage Loans In Process Of Foreclosure Amount MortgageLoansInProcessOfForeclosureAmount	5597611	USD
CY2016Q2	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	113868924	USD
CY2015Q4	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	115942230	USD
CY2014Q4	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	97690960	USD
CY2015Q2	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	104785025	USD
	us-gaap	Servicing Asset At Fair Value Other Changes In Fair Value ServicingAssetAtFairValueOtherChangesInFairValue	3111743	USD
	us-gaap	Servicing Asset At Fair Value Other Changes In Fair Value ServicingAssetAtFairValueOtherChangesInFairValue	1468307	USD
	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	6512142	USD
	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	4883132	USD
	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	305	USD
	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	35	USD
	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	2403000	USD
	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	1578433	USD
	us-gaap	Servicing Fees Net ServicingFeesNet	4109447	USD
	us-gaap	Servicing Fees Net ServicingFeesNet	3304734	USD
CY2016Q2	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	3345878	USD
CY2015Q2	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	2498730	USD
CY2016Q2	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	219	USD
CY2015Q2	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	0	USD
CY2016Q2	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	1290446	USD
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CY2015Q2	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	831095	USD
CY2016Q2	us-gaap	Servicing Fees Net ServicingFeesNet	2055651	USD
CY2015Q2	us-gaap	Servicing Fees Net ServicingFeesNet	1667635	USD
	zfc	Expiration Date ExpirationDate	July 2016 November 2016
CY2015	zfc	Expiration Date ExpirationDate	June 2016 November 2016
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CY2015Q4	us-gaap	Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements	394942512	USD
CY2016Q2	us-gaap	Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue	117658	USD
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	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	22760951	USD
	us-gaap	Product Warranty Expense ProductWarrantyExpense	421951	USD
	us-gaap	Product Warranty Expense ProductWarrantyExpense	394350	USD
	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	570359	USD
	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	888781	USD
CY2016Q2	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	15550036	USD
CY2015Q2	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	11804693	USD
CY2016Q2	us-gaap	Product Warranty Expense ProductWarrantyExpense	224731	USD
CY2015Q2	us-gaap	Product Warranty Expense ProductWarrantyExpense	201484	USD
CY2016Q2	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	254134	USD
CY2015Q2	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	499784	USD
CY2015Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35	pure
CY2015Q2	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.0333	pure
CY2015Q2	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.1271	pure
CY2015Q2	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.0046	pure
CY2015Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.3018	pure
CY2016Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	-0.34	pure
CY2016Q2	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.0493	pure
CY2016Q2	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.6684	pure
CY2016Q2	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.3499	pure
CY2015Q2	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.041	pure
CY2016Q2	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.0242	pure
CY2016Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.0519	pure
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35	pure
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.0294	pure
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.1537	pure
	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.0045	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.2788	pure
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	-0.34	pure
	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.0486	pure
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	1640986	USD
	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	0	USD
	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	-361279	USD
	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	0	USD
	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	1279707	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-4496947	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	8406469	USD
	zfc	Weighted Average Number Of Sharesop Units WeightedAverageNumberOfSharesopUnits	926914	shares
	zfc	Weighted Average Number Of Sharesop Units WeightedAverageNumberOfSharesopUnits	926914	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	1779560	shares
CY2016Q2	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
CY2015Q2	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	822294	USD
CY2016Q2	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	0	USD
CY2015Q2	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	-634508	USD
CY2016Q2	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	0	USD
CY2015Q2	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	187786	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-1120753	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	6897302	USD
CY2016Q2	zfc	Weighted Average Number Of Sharesop Units WeightedAverageNumberOfSharesopUnits	926914	shares
CY2015Q2	zfc	Weighted Average Number Of Sharesop Units WeightedAverageNumberOfSharesopUnits	926914	shares
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	1779560	shares
CY2016Q2	us-gaap	Escrow Deposit EscrowDeposit	4007243	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	724740	USD
CY2016Q2	us-gaap	Pledged Assets Not Separately Reported Other Financial Instruments PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments	2093853	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	909647	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	128358	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	0	USD
CY2016Q2	zfc	Operating Leases Future Minimum Payments Due Thereafter Four Year OperatingLeasesFutureMinimumPaymentsDueThereafterFourYear	0	USD
CY2016Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	269223434	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	472067135	USD
CY2016Q2	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
CY2016Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	269223434	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	472067135	USD
CY2016Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	262741922	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	468452757	USD
CY2016Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	4058424	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	3414174	USD
CY2016Q2	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	2423088	USD
CY2016Q2	us-gaap	Interest Income Operating InterestIncomeOperating	5187141	USD
CY2016Q2	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	-20013381	USD
CY2016Q2	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	22450664	USD
CY2016Q2	us-gaap	Other Expenses OtherExpenses	2907215	USD
CY2016Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	236902	USD
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	3144117	USD
CY2015Q2	us-gaap	Interest Income Operating InterestIncomeOperating	9561348	USD
CY2015Q2	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	-803311	USD
CY2015Q2	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	484450	USD
CY2015Q2	us-gaap	Other Expenses OtherExpenses	745725	USD
CY2015Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	230538	USD
CY2015Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	976263	USD
	us-gaap	Interest Income Operating InterestIncomeOperating	13892057	USD
	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	-19324692	USD
	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	22264630	USD
	us-gaap	Other Expenses OtherExpenses	5278650	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	469332	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	5747982	USD
	us-gaap	Interest Income Operating InterestIncomeOperating	19248745	USD
	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	-1942737	USD
	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	649238	USD
	us-gaap	Other Expenses OtherExpenses	1653500	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	457962	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2111462	USD
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Entity Registrant Name EntityRegistrantName	ZAIS Financial Corp.
	dei	Entity Central Index Key EntityCentralIndexKey	0001527590
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Trading Symbol TradingSymbol	ZFC
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	8836902	shares
CY2016Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q2	zfc	Mortgage Loans Held For Sale Amount Pledged As Collateral MortgageLoansHeldForSaleAmountPledgedAsCollateral	109941507	USD
CY2015Q4	zfc	Mortgage Loans Held For Sale Amount Pledged As Collateral MortgageLoansHeldForSaleAmountPledgedAsCollateral	115942230	USD
CY2016Q2	us-gaap	Financial Instruments Owned And Pledged As Collateral At Fair Value FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue	76681507	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
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2015Q4	us-gaap	Financial Instruments Owned And Pledged As Collateral At Fair Value FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue	95627850	USD
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2016Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7970886	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7970886	shares
CY2016Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7970886	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7970886	shares
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	0	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	1989345	USD
	us-gaap	Proceeds From Sale Of Loans Held For Investment ProceedsFromSaleOfLoansHeldForInvestment	357153092	USD
	us-gaap	Proceeds From Sale Of Loans Held For Investment ProceedsFromSaleOfLoansHeldForInvestment	0	USD
	zfc	Proceeds Received For Final Reconciliation Of Purchase Price ProceedsReceivedForFinalReconciliationOfPurchasePrice	0	USD
	zfc	Proceeds Received For Final Reconciliation Of Purchase Price ProceedsReceivedForFinalReconciliationOfPurchasePrice	1684263	USD
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	0	USD
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	50000	USD
	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" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> Estimates</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	867415	USD
	zfc	Notional Balance Of Io NotionalBalanceOfIo	28100000	USD
CY2015	zfc	Notional Balance Of Io NotionalBalanceOfIo	35000000	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Disposals Of Loans CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldDisposalsOfLoans	0	USD
	zfc	Transfers From Mortgage Loans Held For Investments TransfersFromMortgageLoansHeldForInvestments	0	USD
	zfc	Transfers From Mortgage Loans Held For Investments TransfersFromMortgageLoansHeldForInvestments	65983	USD
CY2016Q2	us-gaap	Principal Amount Outstanding On Loans Managed And Securitized PrincipalAmountOutstandingOnLoansManagedAndSecuritized	430700000	USD
CY2016Q2	us-gaap	Liabilities Subject To Compromise Early Contract Termination Fees LiabilitiesSubjectToCompromiseEarlyContractTerminationFees	8000000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	pure
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	394171	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	394170	USD
CY2015Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	197085	USD
CY2016Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	197085	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	394170	USD
	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
CY2016Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	309533427	USD
CY2016Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	251112	USD
CY2015Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	185533	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	495928	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	368519	USD
CY2016Q2	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	532154	USD
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	938994	USD
	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: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The following table presents certain information regarding the Company’s Treasury securities repurchase agreements at June 30, 2016:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.5in; WIDTH: 85%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="62%"> <div>Outstanding balance</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="20%"> <div>69,254,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="62%"> <div>Interest rate</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; 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: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="20%"> <div>0.63</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="62%"> <div>Maturity</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; 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; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="20%"> <div>September 22, 2016</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q2	zfc	Net Proceeds From Sale Of Mortgage Loans Held For Sale And Real Estate Owned Assets NetProceedsFromSaleOfMortgageLoansHeldForSaleAndRealEstateOwnedAssets	94636011	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Disposals Of Loans CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldDisposalsOfLoans	245341111	USD
CY2016Q2	us-gaap	Proceeds From Sale Of Mortgage Servicing Rights Msr ProceedsFromSaleOfMortgageServicingRightsMSR	747083	USD
CY2016Q2	zfc	Total Proceeds From Sale Of Mortgage Loans And Servicing Advances TotalProceedsFromSaleOfMortgageLoansAndServicingAdvances	361828471	USD
CY2016Q2	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	267200000	USD
CY2016Q2	us-gaap	Proceeds From Sale Of Mortgage Servicing Rights Msr ProceedsFromSaleOfMortgageServicingRightsMSR	747083	USD
CY2016Q2	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	267192460	USD
CY2016Q2	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	361081388	USD
	zfc	Loans Delinquent Considered Nonperforming LoansDelinquentConsideredNonperforming	60days or more
CY2016Q2	zfc	Realised Gain Loss On Treasuries Securities RealisedGainLossOnTreasuriesSecurities	24711	USD
CY2015Q2	zfc	Realised Gain Loss On Treasuries Securities RealisedGainLossOnTreasuriesSecurities	0	USD
	zfc	Realised Gain Loss On Treasuries Securities RealisedGainLossOnTreasuriesSecurities	24711	USD
	zfc	Realised Gain Loss On Treasuries Securities RealisedGainLossOnTreasuriesSecurities	0	USD
CY2016Q2	zfc	Realized Gain Loss On Other Investment Securities RealizedGainLossOnOtherInvestmentSecurities	0	USD
CY2015Q2	zfc	Realized Gain Loss On Other Investment Securities RealizedGainLossOnOtherInvestmentSecurities	-39360	USD
	zfc	Realized Gain Loss On Other Investment Securities RealizedGainLossOnOtherInvestmentSecurities	0	USD
	zfc	Realized Gain Loss On Other Investment Securities RealizedGainLossOnOtherInvestmentSecurities	-39360	USD
CY2016Q2	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	0	USD
CY2015Q2	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	75659	USD
	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	-724607	USD
	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	75659	USD
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	0	USD
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	12420044	USD
	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	0	USD
	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	2241387	USD
	zfc	Repayments Of Treasury Security Repurchase Agreement RepaymentsOfTreasurySecurityRepurchaseAgreement	39585000	USD
	zfc	Repayments Of Treasury Security Repurchase Agreement RepaymentsOfTreasurySecurityRepurchaseAgreement	0	USD
	us-gaap	Goodwill Other Increase Decrease GoodwillOtherIncreaseDecrease	0	USD
	us-gaap	Goodwill Other Increase Decrease GoodwillOtherIncreaseDecrease	-1943533	USD
	us-gaap	Contribution Of Property ContributionOfProperty	50000	USD
CY2016Q2	us-gaap	Partners Capital Account Units Treasury PartnersCapitalAccountUnitsTreasury	866016	shares
CY2016Q2	us-gaap	Partners Capital Account Units PartnersCapitalAccountUnits	893256	shares
	zfc	Increase Decrease In Servicing Assets IncreaseDecreaseInServicingAssets	10536114	USD
	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" align="justify"><b><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>1. Formation and Organization</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></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" align="justify">ZAIS Financial Corp. (together with its 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: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </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" 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 may acquire 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> <font style="FONT-SIZE: 10pt"> </font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> The Company is the sole general partner of, and conducts substantially all of its business through, ZAIS Financial Partners, L.P. (“Company Operating Partnership” or 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 242 employees at June 30, 2016.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On April 6, 2016, the Company, the Operating Partnership, 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 transaction will be accounted for as a reverse merger.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On April 6, 2016, the Company, Company Operating Partnership, the Advisor, Sutherland and certain subsidiaries of the Company entered into a termination agreement (the “Termination Agreement”). Pursuant to the Termination Agreement, effective upon the closing of the Mergers, the existing advisory agreement between the Company, the Advisor, Company Operating Partnership and the Company’s subsidiaries would be terminated and the Company would pay the Advisor a termination fee in the amount of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8,000,000</font>. In the event that the Sutherland Merger Agreement is terminated prior to the consummation of the Mergers, the Termination Agreement will automatically terminate and be of no further effect.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <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" align="justify">Additionally, on April 6, 2016, the Company, the Operating Partnership, certain subsidiaries of the Company, Sutherland, and Waterfall Asset Management, LLC (“Waterfall”) entered into a management agreement, as amended as of May 9, 2016 (the “Sutherland Management Agreement”), and the Company and Waterfall entered into a related Side-Letter Agreement (the “Side Letter Agreement”). Pursuant to the Sutherland Management Agreement and the Side Letter Agreement, effective upon the closing of the Mergers, the Company will retain Waterfall to provide investment advisory services to the Company on the terms and conditions set forth in the Sutherland Management Agreement. In exchange for services provided, the Company will pay Waterfall a management fee and the Operating Partnership will issue Waterfall a newly authorized special limited partnership unit entitling Waterfall to an incentive fee under the terms of the Sutherland Management Agreement. The Sutherland Management Agreement has an initial term of three years, after which it will renew automatically for additional one year terms. In the event that the Merger Agreement is terminated prior to the consummation of the Mergers, the Sutherland Management Agreement and the Side Letter Agreement will automatically terminate and be of no further effect.</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" align="justify"> </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" align="justify">The decision to enter the Sutherland Merger Agreement resulted from a strategic review of the Company. As a result of that review, in order to reduce market risk in its investment portfolio, prior to entering into the Sutherland Merger Agreement, 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. The sale of the mortgage loans, which also included real estate owned (“REO”), was completed on May 26, 2016. These mortgage loan sales resulted in a reduction of the Company’s investment income and, if the Mergers are not completed, may therefore result in a decision to reduce or 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 is in 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 this process of terminating contracts and surrendering governmental licenses.</div> <font style="FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></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" align="left">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. On May 26, 2016, the Company entered into a contract providing for and completed the sale of its seasoned, re-performing mortgage loans, including REO. The sale of these loans has resulted in a reduction of the Company’s investment income and, if the Mergers are not completed, may therefore result in a decision to reduce or curtail dividends in the future.(see Note 5 Mortgage Loans Held for Investment, at Fair Value and Held for Sale Previously Held for Investment, at Fair Value “Distressed and re-performing loans at the time of purchase”).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.0250	pure
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.1694	pure
	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.0678	pure
	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.0073	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.2561	pure
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	200204	USD
CY2015Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3559120	USD
CY2015Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	216072457	USD

Files In Submission

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2016 Q2 Form 10-Q Financial Statement

#000114420416117733 Filed on August 09, 2016

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2016 Q2 Form 10-Q Financial Statement

#000114420416117733 Filed on August 09, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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Ready Capital Corp Stock $rc