CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest Income:
Residential whole loans held at carrying value	$ 49,620	$ 14,329
MSR-related assets	10,620	7,623
Cash and cash equivalent investments	764	909
Other interest-earning assets	1,306	0
Interest Income	140,952	103,752
Interest Expense:
Repurchase agreements	70,809	45,717
Other interest expense	8,217	4,837
Interest Expense	79,026	50,554
Net Interest Income	61,926	53,198
Other Income, net:
Net gain on residential whole loans measured at fair value through earnings	25,267	38,498
Net realized gain on sales of residential mortgage securities	24,609	8,817
Net unrealized gain/(loss) on residential mortgage securities measured at fair value through earnings	8,672	(880)
Net loss on Swaps not designated as hedges for accounting purposes	(8,944)	0
Other, net	1,565	1,225
Other Income, net	51,169	47,660
Operating and Other Expense:
Compensation and benefits	8,554	6,748
Other general and administrative expense	4,645	3,832
Loan servicing and other related operating expenses	11,039	6,883
Operating and Other Expense	24,238	17,463
Net Income	88,857	83,395
Less Preferred Stock Dividends	3,750	3,750
Net Income Available to Common Stock and Participating Securities	$ 85,107	$ 79,645
Earnings per Common Share - Basic and Diluted (in dollars per share)	$ 0.19	$ 0.20
Agency MBS
Interest Income:
Securities	$ 18,441	$ 15,293
Non-Agency MBS | Non-Agency MBS
Interest Income:
Securities	54,001	56,102
CRT securities
Interest Income:
Securities	$ 6,200	$ 9,496