CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents (includes pledged assets of $989,509 and $1,648,545, respectively) (2)	[1]	$ 2,823,521	$ 1,850,729	[2]
Securities (includes pledged assets of $75,801,662 and $108,809,569, respectively) (3)	[3]	79,357,596	114,833,580	[2]
Loans, net (includes pledged assets of $3,285,295 and $3,240,583, respectively) (4)	[4]	4,068,189	4,462,350	[2]
Mortgage servicing rights (includes pledged assets of $3,110 and $3,336, respectively)		280,558	378,078	[2]
Assets transferred or pledged to securitization vehicles		7,671,662	7,002,460	[2]
Real estate, net		751,738	725,638	[2]
Derivative assets		238,776	113,556	[2]
Receivable for unsettled trades		1,006,853	4,792	[2]
Principal and interest receivable		335,170	449,906	[2]
Goodwill and intangible assets, net		98,293	92,772	[2]
Other assets		284,918	381,220	[2]
Total assets		96,917,274	130,295,081	[2]
Liabilities
Repurchase agreements		72,580,183	101,740,728	[2]
Other secured financing		1,805,428	4,455,700	[2]
Debt issued by securitization vehicles		6,364,949	5,622,801	[2]
Mortgages payable		484,762	485,005	[2]
Derivative liabilities		1,331,188	803,866	[2]
Payable for unsettled trades		923,552	463,387	[2]
Interest payable		261,304	476,335	[2]
Dividends payable		357,606	357,527	[2]
Other liabilities		100,772	93,388	[2]
Total liabilities		84,209,744	114,498,737	[2]
Stockholders’ equity
Preferred stock, par value $0.01 per share, 85,150,000 authorized, 81,900,000 issued and outstanding		1,982,026	1,982,026	[2]
Common stock, par value $0.01 per share, 2,914,850,000 authorized, 1,430,424,398 and 1,430,106,199 issued and outstanding, respectively		14,304	14,301	[2]
Additional paid-in capital		19,968,372	19,966,923	[2]
Accumulated other comprehensive income (loss)		3,121,371	2,138,191	[2]
Accumulated deficit		(12,382,648)	(8,309,424)	[2]
Total stockholders’ equity		12,703,425	15,792,017	[2]
Noncontrolling interests		4,105	4,327	[2]
Total equity		12,707,530	15,796,344	[2]
Total liabilities and equity		96,917,274	130,295,081	[2]
Consolidated VIEs
Assets
Cash and cash equivalents (includes pledged assets of $989,509 and $1,648,545, respectively) (2)		74,100	67,500
Agency Mortgage-Backed Securities | Consolidated VIEs
Assets
Securities (includes pledged assets of $75,801,662 and $108,809,569, respectively) (3)		127,700	102,500
Non-Agency Mortgage-Backed Securities | Consolidated VIEs
Assets
Securities (includes pledged assets of $75,801,662 and $108,809,569, respectively) (3)		412,000	468,000
Commercial Mortgage Loans | Consolidation, Eliminations | Consolidated VIEs
Assets
Securities (includes pledged assets of $75,801,662 and $108,809,569, respectively) (3)		367,600	500,300
Residential Mortgage Loans
Assets
Total assets		1,300,000	1,600,000
Stockholders’ equity
Loans		$ 57,800	$ 66,700

[1] Includes cash of consolidated Variable Interest Entities (“VIEs”) of $74.1 million and $67.5 million at March 31, 2020 and December 31, 2019, respectively.

[2] Derived from the audited consolidated financial statements at December 31, 2019.

[3] Excludes $127.7 million and $102.5 million at March 31, 2020 and December 31, 2019, respectively, of Agency mortgage-backed securities, $412.0 million and $468.0 million at March 31, 2020 and December 31, 2019, respectively, of non-Agency mortgage-backed securities and $367.6 million and $500.3 million at March 31, 2020 and December 31, 2019, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.

[4] Includes $57.8 million and $66.7 million of residential mortgage loans held for sale at March 31, 2020 and December 31, 2019, respectively.