CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents (includes pledged assets of $1,625,999 and $1,581,775, respectively) (2)	[1]	$ 1,793,921	$ 1,735,749	[2]
Securities (includes pledged assets of $111,087,358 and $87,193,316, respectively) (3)	[3]	116,094,061	92,623,788	[2]
Loans, net (includes pledged assets of $2,837,690 and $2,997,051, respectively) (4)	[4]	3,946,614	4,585,975	[2]
Mortgage servicing rights (includes pledged assets of $2,788 and $3,616, respectively)		386,051	557,813	[2]
Assets transferred or pledged to securitization vehicles		4,688,144	3,833,200	[2]
Real estate, net		725,508	739,473	[2]
Derivative assets		168,755	200,503	[2]
Reverse repurchase agreements		0	650,040	[2]
Receivable for unsettled trades		193,229	68,779	[2]
Principal and interest receivable		483,744	357,365	[2]
Goodwill and intangible assets, net		94,904	100,854	[2]
Other assets		381,189	333,988	[2]
Total assets		128,956,120	105,787,527	[2]
Liabilities
Repurchase agreements		102,682,104	81,115,874	[2]
Other secured financing		4,466,030	4,183,311	[2]
Debt issued by securitization vehicles		3,856,082	3,347,062	[2]
Mortgages payable		485,657	511,056	[2]
Derivative liabilities		972,415	889,750	[2]
Payable for unsettled trades		245,626	583,036	[2]
Interest payable		565,797	570,928	[2]
Dividends payable		359,491	394,129	[2]
Other liabilities		99,214	74,580	[2]
Total liabilities		113,732,416	91,669,726	[2]
Stockholders’ equity
Preferred stock, par value $0.01 per share, 85,150,000 and 75,950,000 authorized, 81,900,000 and 73,400,000 issued and outstanding, respectively		1,982,026	1,778,168	[2]
Common stock, par value $0.01 per share, 2,914,850,000 and 1,924,050,000 authorized, 1,437,964,466 and 1,313,763,450 issued and outstanding, respectively		14,380	13,138	[2]
Additional paid-in capital		20,034,970	18,794,331	[2]
Accumulated other comprehensive income (loss)		2,313,815	(1,979,865)	[2]
Accumulated deficit		(9,125,895)	(4,493,660)	[2]
Total stockholders’ equity		15,219,296	14,112,112	[2]
Noncontrolling interests		4,408	5,689	[2]
Total equity		15,223,704	14,117,801	[2]
Total liabilities and equity		128,956,120	105,787,527	[2]
Consolidated VIEs
Assets
Cash and cash equivalents (includes pledged assets of $1,625,999 and $1,581,775, respectively) (2)		49,600	30,400
Consolidation, Eliminations | Consolidated VIEs
Assets
Securities (includes pledged assets of $111,087,358 and $87,193,316, respectively) (3)		182,300	224,300
Non-Agency Mortgage-backed Securities | Consolidated VIEs
Assets
Securities (includes pledged assets of $111,087,358 and $87,193,316, respectively) (3)		429,100	83,600
Residential mortgage loans
Assets
Loans, net (includes pledged assets of $2,837,690 and $2,997,051, respectively) (4)		76,300	97,500
Total assets		1,200,000
Commercial Mortgage Loan
Assets
Loans, net (includes pledged assets of $2,837,690 and $2,997,051, respectively) (4)		$ 0	$ 42,200

[1] ⁽²⁾  Includes cash of consolidated Variable Interest Entities (“VIEs”) of $49.6 million and $30.4 million at September 30, 2019 and December 31, 2018, respectively.

[2] ⁽¹⁾  Derived from the audited consolidated financial statements at December 31, 2018.

[3] ⁽³⁾  Excludes $429.1 million and $83.6 million at September 30, 2019 and December 31, 2018, respectively, of non-Agency mortgage-backed securities and $182.3 million and $224.3 million at September 30, 2019 and December 31, 2018, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.

[4] ⁽⁴⁾  Includes $76.3 million and $97.5 million of residential mortgage loans held for sale and $0 and $42.2 million of commercial mortgage loans held for sale at September 30, 2019 and December 31, 2018, respectively.