$RC
Ready Capital Corp Stock $rc

$rc Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-Q Financial Statement

#000114420416129429 Filed on October 25, 2016

Income Statement

Concept	2016 Q4	2016 Q3	2015 Q4
Revenue	$36.60M	$33.60M	$107.5M
YoY Change	-65.95%	216.98%	788.43%
Cost Of Revenue	$19.00M	$19.20M	$45.90M
YoY Change	-58.61%	249.09%	782.69%
Gross Profit	$17.50M	$14.40M	$61.70M
YoY Change	-71.64%	182.35%	794.2%
Gross Profit Margin	47.81%	42.86%	57.4%
Selling, General & Admin	$12.30M	$6.000M	-$600.0K
YoY Change	-2150.0%	-24.05%	-115.79%
% of Gross Profit	70.29%	41.67%	-0.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization		$0.00	$0.00
YoY Change		-100.0%	-100.0%
% of Gross Profit		0.0%	0.0%
Operating Expenses	$13.90M	$3.364M	$17.20M
YoY Change	-19.19%	-2.81%	129.33%
Operating Profit	$3.600M	$11.04M	$44.50M
YoY Change	-91.91%	573.41%	-7516.67%
Interest Expense	$15.30M	$3.108M	$4.665M
YoY Change	227.99%	-34.05%	4.89%
% of Operating Profit	425.0%	28.16%	10.48%
Other Income/Expense, Net		$948.0K	$5.900M
YoY Change		-0.62%
Pretax Income	$34.20M	$5.983M	$50.30M
YoY Change	-32.01%	-185.94%	-8483.33%
Income Tax	$6.300M	$1.800M	$1.912M
% Of Pretax Income	18.42%	30.08%	3.8%
Net Earnings	$24.10M	$4.183M	-$1.835M
YoY Change	-1413.62%	-162.33%	-945.69%
Net Earnings / Revenue	65.85%	12.45%	-1.71%
Basic Earnings Per Share		$0.47	-$0.21
Diluted Earnings Per Share	$831.0K	$0.46	-$0.21
COMMON SHARES
Basic Shares Outstanding	8.837M shares	8.837M shares	7.971M shares
Diluted Shares Outstanding		10.68M shares	8.898M shares

Balance Sheet

Concept	2016 Q4	2016 Q3	2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$59.60M	$185.0M	$41.60M
YoY Change	43.27%	529.25%	23.08%
Cash & Equivalents	$59.60M	$185.0M	$20.79M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$59.60M	$185.0M	$41.60M
YoY Change	43.27%	529.25%	23.08%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill		$14.18M	$14.18M
YoY Change		0.0%	-14.11%
Intangibles		$4.289M	$4.880M
YoY Change		-15.53%	-13.91%
Long-Term Investments	$681.1M	$188.8M	$626.9M
YoY Change	8.65%	-66.98%	4.48%
Other Assets	$20.20M	$4.200M	$26.10M
YoY Change	-22.61%	5.0%	267.61%
Total Long-Term Assets	$2.546B	$403.6M	$733.5M
YoY Change	247.04%	-46.16%	-3.3%
TOTAL ASSETS
Total Short-Term Assets	$59.60M	$185.0M	$41.60M
Total Long-Term Assets	$2.546B	$403.6M	$733.5M
Total Assets	$2.605B	$588.6M	$775.1M
YoY Change	236.11%	-24.45%	-2.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$70.20M	$21.00M	$47.70M
YoY Change	47.17%	14.13%	307.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$600.9M	$336.2M	$644.1M
YoY Change	-6.71%	-29.09%	59.79%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$682.6M	$360.8M	$705.2M
YoY Change	-3.2%	-27.27%	68.55%
LONG-TERM LIABILITIES
Long-Term Debt	$1.218B	$0.00	$1.136B
YoY Change	7.17%	-100.0%	683.99%
Other Long-Term Liabilities	$153.1M	$61.00M	$8.400M
YoY Change	1722.62%	39.59%	-76.47%
Total Long-Term Liabilities	$1.371B	$61.00M	$1.144B
YoY Change	19.77%	-38.94%	533.67%
TOTAL LIABILITIES
Total Short-Term Liabilities	$682.6M	$360.8M	$705.2M
Total Long-Term Liabilities	$1.371B	$61.00M	$1.144B
Total Liabilities	$2.092B	$421.8M	$597.4M
YoY Change	250.24%	-29.21%	-0.28%
SHAREHOLDERS EQUITY
Retained Earnings			-$4.984M
YoY Change			-155.2%
Common Stock		$884.00	$798.00
YoY Change		10.78%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$513.1M	$165.5M	$159.2M
YoY Change
Total Liabilities & Shareholders Equity	$2.605B	$588.6M	$775.1M
YoY Change	236.11%	-24.45%	-2.18%

Cashflow Statement

Concept	2016 Q4	2016 Q3	2015 Q4
OPERATING ACTIVITIES
Net Income	$24.10M	$4.183M	-$1.835M
YoY Change	-1413.62%	-162.33%	-945.69%
Depreciation, Depletion And Amortization		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Cash From Operating Activities	$4.400M	-$1.600M	$44.30M
YoY Change	-90.07%	-60.0%	-723.94%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$176.3M	$3.700M	-$228.8M
YoY Change	-177.05%	-70.87%	-423.62%
Cash From Investing Activities	$176.3M	$3.700M	-$228.8M
YoY Change	-177.05%	-70.87%	-423.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-159.6M	-18.70M	173.7M
YoY Change	-191.88%	136.71%	-411.85%
NET CHANGE
Cash From Operating Activities	4.400M	-1.600M	44.30M
Cash From Investing Activities	176.3M	3.700M	-228.8M
Cash From Financing Activities	-159.6M	-18.70M	173.7M
Net Change In Cash	21.10M	-16.60M	-10.80M
YoY Change	-295.37%	-2175.0%	-236.71%
FREE CASH FLOW
Cash From Operating Activities	$4.400M	-$1.600M	$44.30M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q4	us-gaap	Goodwill Goodwill	14183537	USD
CY2016Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	4289015	USD
CY2015Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	4880270	USD
CY2016Q3	us-gaap	Assets Assets	588630124	USD
CY2015Q4	us-gaap	Assets Assets	775138921	USD
CY2016Q3	us-gaap	Warehouse Agreement Borrowings WarehouseAgreementBorrowings	125737022	USD
CY2015Q4	us-gaap	Warehouse Agreement Borrowings WarehouseAgreementBorrowings	100768428	USD
CY2016Q3	zfc	Loan Repurchase Facilities LoanRepurchaseFacilities	15000000	USD
CY2015Q4	zfc	Loan Repurchase Facilities LoanRepurchaseFacilities	296789330	USD
CY2016Q3	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	68112976	USD
CY2016Q3	us-gaap	Senior Notes SeniorNotes	57355775	USD
CY2015Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	73300159	USD
CY2015Q4	us-gaap	Senior Notes SeniorNotes	56509046	USD
CY2016Q3	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	12214200	USD
CY2015Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	11285100	USD
CY2016Q3	us-gaap	Derivative Liabilities DerivativeLiabilities	2924702	USD
CY2015Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	1831967	USD
CY2016Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3559120	USD
CY2015Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3559120	USD
CY2016Q3	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	21046614	USD
CY2015Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	18572613	USD
CY2016Q3	zfc	Liability For Loans Eligible For Repurchase LiabilityForLoansEligibleForRepurchase	45898534	USD
CY2015Q4	zfc	Liability For Loans Eligible For Repurchase LiabilityForLoansEligibleForRepurchase	34745103	USD
CY2016Q3	us-gaap	Liabilities Liabilities	421843226	USD
CY2015Q4	us-gaap	Liabilities Liabilities	597360866	USD
CY2016Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q3	us-gaap	Common Stock Value CommonStockValue	884	USD
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	798	USD
CY2016Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	180371092	USD
CY2015Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	164207617	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	165510266	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	159224237	USD
CY2016Q3	us-gaap	Goodwill Goodwill	14183537	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	7928878	USD
CY2016Q3	us-gaap	Other Assets OtherAssets	4782669	USD
CY2015Q4	us-gaap	Derivative Assets DerivativeAssets	2376187	USD
CY2016Q3	us-gaap	Derivative Assets DerivativeAssets	5462467	USD
CY2015Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	48209016	USD
CY2016Q3	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	50182593	USD
CY2015Q4	zfc	Loans Eligible For Repurchase From Agency LoansEligibleForRepurchaseFromAgency	34745103	USD
CY2016Q3	zfc	Loans Eligible For Repurchase From Agency LoansEligibleForRepurchaseFromAgency	45898534	USD
CY2015Q4	us-gaap	Financial Instruments Owned Other At Fair Value FinancialInstrumentsOwnedOtherAtFairValue	12804196	USD
CY2016Q3	us-gaap	Financial Instruments Owned Other At Fair Value FinancialInstrumentsOwnedOtherAtFairValue	13947952	USD
CY2015Q4	us-gaap	Cost Method Investments CostMethodInvestments	1886642	USD
CY2016Q3	us-gaap	Cost Method Investments CostMethodInvestments	1674495	USD
CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	4371725	USD
CY2016Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	4217791	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	20793716	USD
CY2016Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	184951991	USD
	us-gaap	Interest And Fee Income Loans Held For Sale Mortgages InterestAndFeeIncomeLoansHeldForSaleMortgages	2999254	USD
CY2015Q4	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	115942230	USD
CY2016Q3	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	134333273	USD
	us-gaap	Interest And Fee Income Loans Held For Sale Mortgages InterestAndFeeIncomeLoansHeldForSaleMortgages	2387695	USD
	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	3642535	USD
	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	6687328	USD
	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	612945	USD
	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	327379	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	16922537	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	28899697	USD
	zfc	Interest Expense Lines Of Credit InterestExpenseLinesOfCredit	2166145	USD
	zfc	Interest Expense Lines Of Credit InterestExpenseLinesOfCredit	1647268	USD
	us-gaap	Interest Expense Other Short Term Borrowings InterestExpenseOtherShortTermBorrowings	4331349	USD
	us-gaap	Interest Expense Other Short Term Borrowings InterestExpenseOtherShortTermBorrowings	7054210	USD
	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	4409949	USD
	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	4329143	USD
	us-gaap	Interest Expense InterestExpense	12018639	USD
	us-gaap	Interest Expense InterestExpense	14185080	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	4903898	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	14714617	USD
	zfc	Income Loss From Mortgage Banking Activities Net IncomeLossFromMortgageBankingActivitiesNet	43125872	USD
	zfc	Income Loss From Mortgage Banking Activities Net IncomeLossFromMortgageBankingActivitiesNet	36323742	USD
	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	6247239	USD
	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	5044841	USD
	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	15463558	USD
	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	5658280	USD
	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	55624	USD
	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	39725	USD
	us-gaap	Sponsor Fees SponsorFees	2262970	USD
	us-gaap	Sponsor Fees SponsorFees	2188354	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	27249531	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	23171648	USD
	us-gaap	Operating Expenses OperatingExpenses	9088658	USD
	us-gaap	Operating Expenses OperatingExpenses	10333959	USD
	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	6695934	USD
	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	3065370	USD
	us-gaap	Noninterest Expense NoninterestExpense	45297093	USD
	us-gaap	Noninterest Expense NoninterestExpense	38759331	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	251924	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2503896	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-61872	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2919240	USD
	us-gaap	Profit Loss ProfitLoss	-313796	USD
	us-gaap	Profit Loss ProfitLoss	415344	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-347734	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	28499	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	33938	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	386845	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8261665	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7970886	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8897800	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8897800	shares
	us-gaap	Noninterest Income NoninterestIncome	33965177	USD
	us-gaap	Noninterest Income NoninterestIncome	35750028	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	6366146	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	-8786074	USD
	zfc	Unrealized Gain Loss On Real Estate Securities UnrealizedGainLossOnRealEstateSecurities	2463055	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-389602	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	316697	USD
	zfc	Unrealized Gain Loss On Mortgage Loans UnrealizedGainLossOnMortgageLoans	-20034449	USD
	zfc	Unrealized Gain Loss On Mortgage Loans UnrealizedGainLossOnMortgageLoans	-5603683	USD
	zfc	Unrealized Gain Loss On Real Estate Securities UnrealizedGainLossOnRealEstateSecurities	-4262990	USD
	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	1036085	USD
	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	-276269	USD
	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	929407	USD
	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	106485	USD
	zfc	Realized Gain Loss On Real Estate Owned RealizedGainLossOnRealEstateOwned	108814	USD
	zfc	Realized Gain Loss On Real Estate Owned RealizedGainLossOnRealEstateOwned	-163482	USD
	zfc	Realized Gain Loss On Mortgage Loans Held For Investment RealizedGainLossOnMortgageLoansHeldForInvestment	22905253	USD
	zfc	Realized Gain Loss On Mortgage Loans Held For Investment RealizedGainLossOnMortgageLoansHeldForInvestment	1117818	USD
	zfc	Treasury Securities Change In Unrealized Gain Loss TreasurySecuritiesChangeInUnrealizedGainLoss	-646	USD
	zfc	Treasury Securities Change In Unrealized Gain Loss TreasurySecuritiesChangeInUnrealizedGainLoss	0	USD
	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	1175125	USD
	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	19497295	USD
	zfc	Interest And Fee Income Mortgages Loans Heldforsale Previously Held For Investment InterestAndFeeIncomeMortgagesLoansHeldforsalePreviouslyHeldForInvestment	8492678	USD
	zfc	Interest And Fee Income Mortgages Loans Heldforsale Previously Held For Investment InterestAndFeeIncomeMortgagesLoansHeldforsalePreviouslyHeldForInvestment	0	USD
	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	125742	USD
	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	0	USD
	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	985454	USD
	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	1154459	USD
CY2016Q3	us-gaap	Interest And Fee Income Loans Held For Sale Mortgages InterestAndFeeIncomeLoansHeldForSaleMortgages	1309231	USD
CY2015Q3	us-gaap	Interest And Fee Income Loans Held For Sale Mortgages InterestAndFeeIncomeLoansHeldForSaleMortgages	986239	USD
CY2016Q3	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	1103945	USD
CY2015Q3	us-gaap	Interest Income Securities Mortgage Backed InterestIncomeSecuritiesMortgageBacked	1985913	USD
CY2016Q3	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	196919	USD
CY2015Q3	us-gaap	Other Interest And Dividend Income OtherInterestAndDividendIncome	230998	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	3030480	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	9650952	USD
CY2016Q3	zfc	Interest Expense Lines Of Credit InterestExpenseLinesOfCredit	960686	USD
CY2015Q3	zfc	Interest Expense Lines Of Credit InterestExpenseLinesOfCredit	574977	USD
CY2016Q3	us-gaap	Interest Expense Other Short Term Borrowings InterestExpenseOtherShortTermBorrowings	251273	USD
CY2015Q3	us-gaap	Interest Expense Other Short Term Borrowings InterestExpenseOtherShortTermBorrowings	2329993	USD
CY2016Q3	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	1477089	USD
CY2015Q3	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	1449476	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	3107637	USD
CY2015Q3	us-gaap	Interest Expense InterestExpense	4711854	USD
CY2016Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-77157	USD
CY2015Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	4939098	USD
CY2016Q3	zfc	Income Loss From Mortgage Banking Activities Net IncomeLossFromMortgageBankingActivitiesNet	15893519	USD
CY2015Q3	zfc	Income Loss From Mortgage Banking Activities Net IncomeLossFromMortgageBankingActivitiesNet	13068360	USD
CY2016Q3	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	2137792	USD
CY2015Q3	us-gaap	Fees And Commissions Mortgage Banking And Servicing FeesAndCommissionsMortgageBankingAndServicing	1740107	USD
CY2016Q3	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	1214135	USD
CY2015Q3	us-gaap	Mortgage Servicing Rights Msr Impairment Recovery MortgageServicingRightsMSRImpairmentRecovery	5881088	USD
CY2016Q3	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	21714	USD
CY2015Q3	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	15668	USD
CY2016Q3	us-gaap	Sponsor Fees SponsorFees	722135	USD
CY2015Q3	us-gaap	Sponsor Fees SponsorFees	760066	USD
CY2016Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	9777593	USD
CY2015Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	7681983	USD
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	3363876	USD
CY2015Q3	us-gaap	Operating Expenses OperatingExpenses	3461155	USD
CY2016Q3	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	947952	USD
CY2015Q3	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	953908	USD
CY2016Q3	us-gaap	Noninterest Expense NoninterestExpense	14811556	USD
CY2015Q3	us-gaap	Noninterest Expense NoninterestExpense	12857112	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1799829	USD
CY2015Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-250491	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	5982980	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-6961909	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	4183151	USD
CY2015Q3	us-gaap	Profit Loss ProfitLoss	-6711418	USD
CY2016Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	72460	USD
CY2015Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-670672	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	4110691	USD
CY2015Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6040746	USD
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.47
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.76
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.46
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.76
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8836902	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7970886	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10677360	shares
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8897800	shares
CY2016Q3	us-gaap	Noninterest Income NoninterestIncome	16838890	USD
CY2015Q3	us-gaap	Noninterest Income NoninterestIncome	8943047	USD
CY2016Q3	us-gaap	Gain Loss On Investments GainLossOnInvestments	4032803	USD
CY2015Q3	us-gaap	Gain Loss On Investments GainLossOnInvestments	-7986942	USD
CY2016Q3	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	216993	USD
CY2015Q3	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-177670	USD
CY2016Q3	zfc	Unrealized Gain Loss On Mortgage Loans UnrealizedGainLossOnMortgageLoans	-71687	USD
CY2015Q3	zfc	Unrealized Gain Loss On Mortgage Loans UnrealizedGainLossOnMortgageLoans	-5650924	USD
CY2016Q3	zfc	Unrealized Gain Loss On Real Estate Securities UnrealizedGainLossOnRealEstateSecurities	3126585	USD
CY2015Q3	zfc	Unrealized Gain Loss On Real Estate Securities UnrealizedGainLossOnRealEstateSecurities	-2119917	USD
CY2016Q3	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	673225	USD
CY2015Q3	zfc	Unrealized Gain Loss On Other Investment Securities UnrealizedGainLossOnOtherInvestmentSecurities	-420796	USD
CY2016Q3	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	0	USD
CY2015Q3	zfc	Unrealized Gain Loss On Real Estate Owned UnrealizedGainLossOnRealEstateOwned	97917	USD
CY2016Q3	zfc	Realized Gain Loss On Real Estate Owned RealizedGainLossOnRealEstateOwned	0	USD
CY2015Q3	zfc	Realized Gain Loss On Real Estate Owned RealizedGainLossOnRealEstateOwned	-159570	USD
CY2016Q3	zfc	Realized Gain Loss On Mortgage Loans Held For Investment RealizedGainLossOnMortgageLoansHeldForInvestment	49541	USD
CY2015Q3	zfc	Realized Gain Loss On Mortgage Loans Held For Investment RealizedGainLossOnMortgageLoansHeldForInvestment	500967	USD
CY2016Q3	zfc	Treasury Securities Change In Unrealized Gain Loss TreasurySecuritiesChangeInUnrealizedGainLoss	-9979	USD
CY2015Q3	zfc	Treasury Securities Change In Unrealized Gain Loss TreasurySecuritiesChangeInUnrealizedGainLoss	0	USD
CY2016Q3	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	420385	USD
CY2015Q3	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	6447802	USD
CY2016Q3	zfc	Interest And Fee Income Mortgages Loans Heldforsale Previously Held For Investment InterestAndFeeIncomeMortgagesLoansHeldforsalePreviouslyHeldForInvestment	0	USD
CY2015Q3	zfc	Interest And Fee Income Mortgages Loans Heldforsale Previously Held For Investment InterestAndFeeIncomeMortgagesLoansHeldforsalePreviouslyHeldForInvestment	0	USD
CY2016Q3	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	64880	USD
CY2015Q3	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	0	USD
CY2016Q3	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	353709	USD
CY2015Q3	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	357408	USD
CY2016Q3	zfc	Realised Gain Loss On Treasuries Securities RealisedGainLossOnTreasuriesSecurities	48125	USD
CY2015Q3	zfc	Realised Gain Loss On Treasuries Securities RealisedGainLossOnTreasuriesSecurities	0	USD
	zfc	Realised Gain Loss On Treasuries Securities RealisedGainLossOnTreasuriesSecurities	72836	USD
	zfc	Realised Gain Loss On Treasuries Securities RealisedGainLossOnTreasuriesSecurities	0	USD
	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	35530805	USD
	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	1395863	USD
CY2016Q3	zfc	Realized Gain Loss On Other Investment Securities RealizedGainLossOnOtherInvestmentSecurities	0	USD
	zfc	Realized Gain Loss On Other Investment Securities RealizedGainLossOnOtherInvestmentSecurities	-39360	USD
	zfc	Realized Gain Loss On Other Investment Securities RealizedGainLossOnOtherInvestmentSecurities	0	USD
CY2015Q3	zfc	Realized Gain Loss On Other Investment Securities RealizedGainLossOnOtherInvestmentSecurities	0	USD
CY2016Q3	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	0	USD
CY2015Q3	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	-56949	USD
	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	-724607	USD
	zfc	Realized Gain Loss On Real Estate Securities RealizedGainLossOnRealEstateSecurities	18710	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	765891	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	9911470	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	1112298	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	9565062	USD
CY2015Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	183171796	USD
	us-gaap	Contribution Of Property ContributionOfProperty	50000	USD
	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	22922925	USD
	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	6025503	USD
	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	29473991	USD
	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	25854329	USD
	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	11694754	USD
	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	13975960	USD
	zfc	Proceeds From Sale Of Real Estate Securities ProceedsFromSaleOfRealEstateSecurities	16094301	USD
	zfc	Proceeds From Sale Of Real Estate Securities ProceedsFromSaleOfRealEstateSecurities	26770760	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-153934	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-3116811	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	390411560	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	40050108	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	24968594	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	14799030	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-281789330	USD
	us-gaap	Proceeds From Repayments Of Other Debt ProceedsFromRepaymentsOfOtherDebt	-4777263	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	11932198	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	3764081	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	17119381	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	32257187	USD
	zfc	Payments Of Dividends Common Stock And Noncontrolling Interest PaymentsOfDividendsCommonStockAndNoncontrollingInterest	10677361	USD
	zfc	Payments Of Dividends Common Stock And Noncontrolling Interest PaymentsOfDividendsCommonStockAndNoncontrollingInterest	10677360	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-202690997	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-29098699	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	164158275	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-4424782	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	33791013	USD
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	29366231	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	2134106	USD
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	1993545	USD
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	1034851	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	846729	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	765923	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	710103	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	655047	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	1674425261	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	1481473208	USD
	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	1632229133	USD
	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	1449538666	USD
	zfc	Gain Loss On Sales Of Mortgage Loans Held For Sale GainLossOnSalesOfMortgageLoansHeldForSale	60587171	USD
	zfc	Gain Loss On Sales Of Mortgage Loans Held For Sale GainLossOnSalesOfMortgageLoansHeldForSale	48848410	USD
	zfc	Increase Decrease In Servicing Assets IncreaseDecreaseInServicingAssets	14323953	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-5628345	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1478487	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	2474001	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	6918026	USD
	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	929100	USD
	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	1182251	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-23562288	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-15376191	USD
	zfc	Origination Of Mortgage Loans Held For Investment OriginationOfMortgageLoansHeldForInvestment	1405191	USD
	zfc	Origination Of Mortgage Loans Held For Investment OriginationOfMortgageLoansHeldForInvestment	5604431	USD
	zfc	Proceeds From Treasury Securities Repurchase Agreement Borrowings ProceedsFromTreasurySecuritiesRepurchaseAgreementBorrowings	178847283	USD
	zfc	Proceeds From Treasury Securities Repurchase Agreement Borrowings ProceedsFromTreasurySecuritiesRepurchaseAgreementBorrowings	0	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	0	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	6362138	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	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	0	USD
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	15601330	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	108853000	USD
	zfc	Repayments Of Treasury Security Repurchase Agreement RepaymentsOfTreasurySecurityRepurchaseAgreement	0	USD
	zfc	Increase Decrease In Servicing Assets IncreaseDecreaseInServicingAssets	17437135	USD
CY2015Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3559120	USD
CY2016Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2016Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2016Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q2	us-gaap	Liabilities Subject To Compromise Early Contract Termination Fees LiabilitiesSubjectToCompromiseEarlyContractTerminationFees	8000000	USD
	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
CY2015Q3	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	12612664	USD
CY2016Q2	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	11684100	USD
CY2015Q2	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	12279645	USD
CY2016Q3	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	530100	USD
CY2015Q3	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	333019	USD
CY2015Q3	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
	us-gaap	Goodwill Other Increase Decrease GoodwillOtherIncreaseDecrease	0	USD
	us-gaap	Goodwill Other Increase Decrease GoodwillOtherIncreaseDecrease	-1943533	USD
CY2016Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1510985	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	919730	USD
CY2016Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	732776	USD
CY2016Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	455004	USD
CY2016Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	455004	USD
CY2016Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	455004	USD
CY2016Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	455004	USD
CY2016Q3	us-gaap	Interest Income Operating InterestIncomeOperating	3030480	USD
CY2016Q3	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	3718144	USD
CY2016Q3	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	97666	USD
CY2016Q3	us-gaap	Other Expenses OtherExpenses	707181	USD
CY2016Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	240771	USD
CY2015Q3	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	284448	USD
CY2015Q3	us-gaap	Other Expenses OtherExpenses	717696	USD
CY2015Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	236212	USD
CY2015Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	953908	USD
	us-gaap	Interest Income Operating InterestIncomeOperating	16922537	USD
CY2016Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	947952	USD
CY2015Q3	us-gaap	Interest Income Operating InterestIncomeOperating	9650952	USD
CY2015Q3	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	-8093720	USD
	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	-15606548	USD
	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	22362296	USD
	us-gaap	Other Expenses OtherExpenses	5985831	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	710103	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	6695934	USD
	us-gaap	Interest Income Operating InterestIncomeOperating	28899697	USD
	us-gaap	Unrealized Gain Loss On Securities UnrealizedGainLossOnSecurities	-10036457	USD
	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	933686	USD
	us-gaap	Other Expenses OtherExpenses	2371197	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	694173	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	3065370	USD
CY2016Q3	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	281766695	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	472067135	USD
CY2016Q3	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
CY2016Q3	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	281766695	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned	472067135	USD
CY2016Q3	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	277284675	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	468452757	USD
CY2016Q3	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	3259325	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	3414174	USD
CY2016Q3	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	1222695	USD
CY2015Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	200204	USD
CY2016Q3	us-gaap	Escrow Deposit EscrowDeposit	4008754	USD
CY2016Q3	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	755788	USD
CY2016Q3	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	965433	USD
CY2016Q3	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	132703	USD
CY2016Q3	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	0	USD
CY2016Q3	zfc	Operating Leases Future Minimum Payments Due Thereafter Four Year OperatingLeasesFutureMinimumPaymentsDueThereafterFourYear	0	USD
CY2016Q2	us-gaap	Partners Capital Account Units Treasury PartnersCapitalAccountUnitsTreasury	866016	shares
CY2016Q2	us-gaap	Partners Capital Account Units PartnersCapitalAccountUnits	893256	shares
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
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	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-411808	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	431833	USD
	zfc	Weighted Average Number Of Sharesop Units WeightedAverageNumberOfSharesopUnits	636135	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	0	shares
CY2016Q3	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	841723	USD
CY2015Q3	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
CY2016Q3	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	-53611	USD
CY2015Q3	us-gaap	Amount Of Dilutive Securities Stock Options And Restrictive Stock Units AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits	0	USD
CY2016Q3	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	788112	USD
CY2015Q3	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	0	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	4927132	USD
CY2015Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-6743206	USD
CY2016Q3	zfc	Weighted Average Number Of Sharesop Units WeightedAverageNumberOfSharesopUnits	60898	shares
CY2015Q3	zfc	Weighted Average Number Of Sharesop Units WeightedAverageNumberOfSharesopUnits	926914	shares
CY2016Q3	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	1779560	shares
CY2015Q3	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2015Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	-0.35	pure
CY2015Q3	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.0085	pure
CY2015Q3	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.2921	pure
CY2015Q3	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.0019	pure
CY2015Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.0360	pure
CY2016Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.34	pure
CY2016Q3	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.0395	pure
CY2016Q3	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.0728	pure
CY2016Q3	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.0079	pure
CY2015Q3	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.0285	pure
CY2016Q3	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.0011	pure
CY2016Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.3008	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	0.0791	pure
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.1763	pure
	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.0198	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.8577	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	0.2325	pure
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	9.5093	pure
	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-7.3843	pure
	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.8252	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	4.0718	pure
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	1.3762	pure
	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	41786819	USD
	zfc	Loan Expenses Including Increasedecrease In Provision For Loan Indemnifications LoanExpensesIncludingIncreasedecreaseInProvisionForLoanIndemnifications	-573127	USD
	zfc	Loan Expenses Including Increasedecrease In Provision For Loan Indemnifications LoanExpensesIncludingIncreasedecreaseInProvisionForLoanIndemnifications	602926	USD
	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	765926	USD
CY2016Q3	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	14702874	USD
CY2015Q3	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	12769854	USD
CY2016Q3	zfc	Loan Expenses Including Increasedecrease In Provision For Loan Indemnifications LoanExpensesIncludingIncreasedecreaseInProvisionForLoanIndemnifications	-995078	USD
CY2015Q3	zfc	Loan Expenses Including Increasedecrease In Provision For Loan Indemnifications LoanExpensesIncludingIncreasedecreaseInProvisionForLoanIndemnifications	208576	USD
CY2016Q3	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	195567	USD
CY2015Q3	us-gaap	Fees And Commissions Mortgage Banking FeesAndCommissionsMortgageBanking	507082	USD
CY2016Q3	us-gaap	Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements	35615300	USD
CY2015Q4	us-gaap	Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements	394942512	USD
CY2016Q3	us-gaap	Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue	0	USD
CY2015Q4	us-gaap	Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue	375579	USD
	zfc	Expiration Date ExpirationDate	October 2016 September 2017
CY2015	zfc	Expiration Date ExpirationDate	June 2016 November 2016
	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	17437135	USD
	us-gaap	Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions	9934160	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	3571775	USD
CY2015Q3	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	42044651	USD
	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	14323953	USD
	us-gaap	Servicing Asset At Fair Value Other Changes In Fair Value ServicingAssetAtFairValueOtherChangesInFairValue	5529398	USD
	us-gaap	Servicing Asset At Fair Value Other Changes In Fair Value ServicingAssetAtFairValueOtherChangesInFairValue	2086505	USD
	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	10033264	USD
	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	7613023	USD
	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	501	USD
	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	64	USD
	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	3786526	USD
	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	2568246	USD
	us-gaap	Servicing Fees Net ServicingFeesNet	6247239	USD
	us-gaap	Servicing Fees Net ServicingFeesNet	5044841	USD
CY2016Q3	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	3521122	USD
CY2015Q3	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	2729891	USD
CY2016Q3	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	196	USD
CY2015Q3	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	29	USD
CY2016Q3	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	1383526	USD
CY2015Q3	zfc	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	989813	USD
CY2014Q4	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	97690960	USD
CY2016Q3	us-gaap	Servicing Fees Net ServicingFeesNet	2137792	USD
CY2015Q3	us-gaap	Servicing Fees Net ServicingFeesNet	1740107	USD
CY2015Q3	us-gaap	Mortgages Held For Sale Fair Value Disclosure MortgagesHeldForSaleFairValueDisclosure	114670811	USD
	zfc	Transfers From Mortgage Loans Held For Investments TransfersFromMortgageLoansHeldForInvestments	0	USD
	zfc	Transfers From Mortgage Loans Held For Investments TransfersFromMortgageLoansHeldForInvestments	65983	USD
CY2016Q3	us-gaap	Principal Amount Outstanding On Loans Held For Sale Or Securitization PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization	127769470	USD
CY2015Q4	us-gaap	Principal Amount Outstanding On Loans Held For Sale Or Securitization PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization	111393424	USD
CY2016Q3	us-gaap	Other Real Estate And Foreclosed Assets OtherRealEstateAndForeclosedAssets	0	USD
CY2015Q4	us-gaap	Other Real Estate And Foreclosed Assets OtherRealEstateAndForeclosedAssets	1784670	USD
CY2016Q3	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
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 Accretion CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion	19347512	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference	7760664	USD
CY2015Q3	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	255923057	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
CY2016Q3	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield	0	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Disposals Of Loans CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldDisposalsOfLoans	245341111	USD
	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Disposals Of Loans CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldDisposalsOfLoans	0	USD
CY2016Q2	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	361081388	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	267192460	USD
CY2016Q2	zfc	Net Proceeds From Sale Of Mortgage Loans Held For Sale And Real Estate Owned Assets NetProceedsFromSaleOfMortgageLoansHeldForSaleAndRealEstateOwnedAssets	94636011	USD
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2016-09-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	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
CY2016Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	8836902	shares
	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.
CY2015Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	216072457	USD
CY2016Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	286616522	USD
CY2016Q3	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	256556	USD
CY2015Q3	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	188811	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	752484	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	557331	USD
CY2016Q3	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	276140	USD
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.0854	pure
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.0	pure
	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	763085	USD
CY2015	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	867415	USD
CY2016Q3	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.0009	pure
CY2015Q3	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.0	pure
	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"></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">In connection with the purchase of these securities, the Company has two repurchase agreements with one counterparty. The following table presents certain information regarding the Company’s treasury securities repurchase agreements at September 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;CLEAR: both" align="center"> <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: 82%; 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="69%"> <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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>69,994,283</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="69%"> <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: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>0.30</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="69%"> <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="10%"> <div>October 20, 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> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q4	us-gaap	Pledged Assets Not Separately Reported Other Financial Instruments PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments	1989174	USD
CY2016Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q3	zfc	Mortgage Loans Held For Sale Amount Pledged As Collateral MortgageLoansHeldForSaleAmountPledgedAsCollateral	131999358	USD
CY2015Q4	zfc	Mortgage Loans Held For Sale Amount Pledged As Collateral MortgageLoansHeldForSaleAmountPledgedAsCollateral	115942230	USD
CY2016Q3	us-gaap	Financial Instruments Owned And Pledged As Collateral At Fair Value FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue	82686633	USD
	zfc	Reversal Of Previously Recognized Change In Unrealized Losses ReversalOfPreviouslyRecognizedChangeInUnrealizedLosses	-21792516	USD
CY2016Q3	us-gaap	Pledged Assets Not Separately Reported Other Financial Instruments PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments	11023416	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q3	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
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2016Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8836902	shares
CY2016Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8836902	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7970886	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7970886	shares
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2015Q4	us-gaap	Financial Instruments Owned And Pledged As Collateral At Fair Value FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue	95627850	USD
CY2016Q2	us-gaap	Principal Amount Outstanding On Loans Managed And Securitized PrincipalAmountOutstandingOnLoansManagedAndSecuritized	430700000	USD
	us-gaap	Stock Issued1 StockIssued1	16163561	USD
	us-gaap	Stock Issued1 StockIssued1	0	USD
	zfc	Notional Balance Of Io NotionalBalanceOfIo	24500000	USD
CY2015	zfc	Notional Balance Of Io NotionalBalanceOfIo	35000000	USD
	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	5800000	USD
CY2016Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	197085	USD
CY2015Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	197085	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	591255	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	591256	USD
CY2016Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	197085	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: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><i>Estimates</i></b></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 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>
	zfc	Loans Delinquent Considered Nonperforming LoansDelinquentConsideredNonperforming	60 days or more
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	pure
	us-gaap	Loss Contingency Accrual Carrying Value Period Increase Decrease LossContingencyAccrualCarryingValuePeriodIncreaseDecrease	-1297943	USD
	us-gaap	Loss Contingency Accrual Carrying Value Period Increase Decrease LossContingencyAccrualCarryingValuePeriodIncreaseDecrease	0	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	0	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: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>1. Formation and Organization</b></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;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>General </i></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">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> <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 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 260 employees at September 30, 2016.</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'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: 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'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: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>Plan of Merger with Sutherland Asset Management Corporation (“Sutherland”) </i></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">On April 6, 2016, the Company, the Operating Partnership, ZAIS Merger Sub, LLC (“Merger Sub”), a wholly owned subsidiary of the Company, Sutherland and Sutherland Partners, L.P. (“Sutherland Operating Partnership”) entered into an agreement and plan of merger, as amended on May 9, 2016 and August 4, 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 (for tax purposes the Sutherland Operating Partnership will be 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;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </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">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. Such amount will be recognized by the Company upon closing of the Mergers.</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">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">On September 12, 2016 the Company and Sutherland announced the final exchange ratio in accordance with the terms of the Sutherland Merger Agreement. If the Mergers and the other  transactions contemplated by the Sutherland Merger Agreement are completed, Sutherland’s common stockholders will receive <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 0.8356</font> newly issued shares of the combined company’s common stock for each share of Sutherland common stock held immediately prior to the effective time of the merger, and holders of operating partnership units of the Sutherland Operating Partnership will receive <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 0.8356</font> operating partnership units in the surviving partnership for each limited partnership interest held immediately prior to the effective time of the merger.</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">On September 27, 2016, the Company and Sutherland announced that they had each received the necessary stockholder approvals to complete the Mergers. At separate special meetings of the stockholders of the Company and Sutherland, the Company’s stockholders voted in favor of the proposal to issue shares to Sutherland stockholders in connection with the Mergers, and the Sutherland stockholders voted in favor of the proposal to approve the Merger of Sutherland with and into Merger Sub. Assuming all conditions to closing the Mergers have been satisfied, the Mergers are expected to close on or after October 31, 2016.</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">Additionally, on September 27, 2016, the Company commenced a tender offer to purchase up to <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 4,185,497</font> shares of the Company’s common stock, par value $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.0001</font>, at a price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">15.37</font> per share (the “Tender Offer”). The tender offer price is equal to <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 95</font>% of a further adjusted per share value, which is calculated by reducing the Company’s Adjusted Book Value by the Company’s pro-rata share of (i) the $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8,000,000</font> contractual termination payment to the Advisor, (ii) $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">4,064,000</font> related to the remaining recorded value of intangible assets relating to GMFS, and (iii) $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">297,400</font> of expenses and reserves associated with certain litigation relating to the Mergers, with such price per share rounded to the nearest whole cent. The Company’s pro rata share of these amounts was determined by multiplying the sum of the items in (i)-(iii) above, by the quotient obtained by dividing the number of issued and outstanding shares of Company common stock (without regard for the effects of the Tender Offer), calculated on a fully diluted basis, by the sum of the number of issued and outstanding shares of Company common stock (without regard for the effects of the offer), plus the number of shares of Company common stock expected to be issued in the Sutherland Merger, both calculated on a fully diluted basis. The Tender Offer period will expire at 12:00 midnight, Eastern Time, at the end of October 25, 2016 (the “Tender Offer Expiration Date”).</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 which began during the fourth quarter of 2015. 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 required 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 (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”). 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> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	169604	USD
	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	0	USD

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2016 Q4 Form 10-Q Financial Statement

#000114420416129429 Filed on October 25, 2016

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2016 Q4 Form 10-Q Financial Statement

#000114420416129429 Filed on October 25, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RC
Ready Capital Corp Stock $rc