CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents (includes pledged assets of $1,137,809 and $1,648,545, respectively)	[1]	$ 1,243,703	$ 1,850,729
Securities (includes pledged assets of $67,664,458 and $108,809,569 , respectively)	[2]	75,652,396	114,833,580
Loans, net (includes pledged assets of $2,096,223 and $3,240,583 , respectively)	[3]	3,083,821	4,462,350
Mortgage servicing rights (includes pledged assets of $5,541 and $3,336, respectively)		100,895	378,078
Assets transferred or pledged to securitization vehicles		6,910,020	7,002,460
Real estate, net		656,314	725,638
Derivative assets		171,134	113,556
Receivable for unsettled trades		15,912	4,792
Principal and interest receivable		268,073	449,906
Goodwill and intangible assets, net		127,341	92,772
Other assets		225,494	381,220
Total assets		88,455,103	130,295,081
Liabilities
Repurchase agreements		64,825,239	101,740,728
Other secured financing		917,876	4,455,700
Debt issued by securitization vehicles		5,652,982	5,622,801
Participations issued		39,198	0
Mortgages payable		426,256	485,005
Derivative liabilities		1,033,345	803,866
Payable for unsettled trades		884,069	463,387
Interest payable		191,116	476,335
Dividends payable		307,613	357,527
Other liabilities		155,613	93,388
Total liabilities		74,433,307	114,498,737
Stockholders’ equity
Preferred stock, par value $0.01 per share, 85,150,000 authorized, 63,500,000 and 81,900,000 issued and outstanding, respectively		1,536,569	1,982,026
Common stock, par value $0.01 per share, 2,914,850,000 authorized, 1,398,240,618 and 1,430,106,199 issued and outstanding, respectively		13,982	14,301
Additional paid-in capital		19,750,818	19,966,923
Accumulated other comprehensive income (loss)		3,374,335	2,138,191
Accumulated deficit		(10,667,388)	(8,309,424)
Total stockholders’ equity		14,008,316	15,792,017
Noncontrolling interests		13,480	4,327
Total equity		14,021,796	15,796,344
Total liabilities and equity		88,455,103	130,295,081
Residential Mortgage Loans
Assets
Total assets		300,000	1,600,000
Consolidated VIEs
Assets
Cash and cash equivalents (includes pledged assets of $1,137,809 and $1,648,545, respectively)		22,200	67,500
Consolidated VIEs | Agency Mortgage-backed Securities
Assets
Securities (includes pledged assets of $67,664,458 and $108,809,569 , respectively)		81,500	102,500
Consolidated VIEs | Non-Agency Mortgage-backed Securities
Assets
Securities (includes pledged assets of $67,664,458 and $108,809,569 , respectively)		576,600	468,000
Consolidation, Eliminations | Consolidated VIEs | Commercial Mortgage Loans
Assets
Securities (includes pledged assets of $67,664,458 and $108,809,569 , respectively)		$ 391,000	$ 500,300

[1] Includes cash of consolidated Variable Interest Entities (“VIEs”) of $22.2 million and $67.5 million at December 31, 2020 and 2019, respectively.

[2] Excludes $81.5 million and $102.5 million at December 31, 2020 and 2019, respectively, of agency mortgage-backed securities, $576.6 million and $468.0 million at December 31, 2020 and 2019, respectively, of non-Agency mortgage-backed securities and $391.0 million and $500.3 million at December 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.

[3] Includes $47.0 million and $66.7 million of residential mortgage loans held for sale.