CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents (includes pledged assets of $1,648,545 and $1,581,775, respectively)	[1]	$ 1,850,729	$ 1,735,749
Securities (includes pledged assets of $108,809,569 and $87,193,316, respectively)	[2]	114,833,580	92,623,788
Loans, net (includes pledged assets of $3,240,583 and $2,997,051, respectively)	[3]	4,462,350	4,585,975
Mortgage servicing rights (includes pledged assets of $3,336 and $3,616, respectively)		378,078	557,813
Assets transferred or pledged to securitization vehicles		7,002,460	3,833,200
Real estate, net		725,638	739,473
Derivative assets		113,556	200,503
Reverse repurchase agreements		0	650,040
Receivable for unsettled trades		4,792	68,779
Principal and interest receivable		449,906	357,365
Goodwill and intangible assets, net		92,772	100,854
Other assets		381,220	333,988
Total assets		130,295,081	105,787,527
Liabilities
Repurchase agreements		101,740,728	81,115,874
Other secured financing		4,455,700	4,183,311
Debt issued by securitization vehicles		5,622,801	3,347,062
Mortgages payable		485,005	511,056
Derivative liabilities		803,866	889,750
Payable for unsettled trades		463,387	583,036
Interest payable		476,335	570,928
Dividends payable		357,527	394,129
Other liabilities		93,388	74,580
Total liabilities		114,498,737	91,669,726
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
Common stock, par value $0.01 per share, 2,914,850,000 and 1,924,050,000 authorized, 1,430,106,199 and 1,313,763,450 issued and outstanding, respectively		14,301	13,138
Additional paid-in capital		19,966,923	18,794,331
Accumulated other comprehensive income (loss)		2,138,191	(1,979,865)
Accumulated deficit		(8,309,424)	(4,493,660)
Total stockholders’ equity		15,792,017	14,112,112
Noncontrolling interests		4,327	5,689
Total equity		15,796,344	14,117,801
Total liabilities and equity		130,295,081	105,787,527
Residential Mortgage Loans
Assets
Total assets		1,600,000	1,400,000
Consolidated VIEs
Assets
Cash and cash equivalents (includes pledged assets of $1,648,545 and $1,581,775, respectively)		67,500	30,400
Consolidated VIEs | Agency Mortgage-backed Securities
Assets
Securities (includes pledged assets of $108,809,569 and $87,193,316, respectively)		102,500	0
Consolidated VIEs | Non-Agency Mortgage-backed Securities
Assets
Securities (includes pledged assets of $108,809,569 and $87,193,316, respectively)		468,000	83,600
Consolidation, Eliminations | Consolidated VIEs
Assets
Securities (includes pledged assets of $108,809,569 and $87,193,316, respectively)		$ 500,300	$ 224,300

[1] Includes cash of consolidated Variable Interest Entities (“VIEs”) of $67.5 million and $30.4 million at December 31, 2019 and 2018, respectively.

[2] Excludes $102.5 million and $0 at December 31, 2019 and 2018, respectively, of agency mortgage-backed securities, $468.0 million and $83.6 million at December 31, 2019 and 2018, respectively, of non-Agency mortgage-backed securities and $500.3 million and $224.3 million at December 31, 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.

[3] Includes $66.7 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 December 31, 2019 and 2018, respectively.