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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Residential mortgage securities:    
Mortgage-backed securities and credit risk transfer securities $ 5,392,961 $ 6,509,333
Residential whole loans, at carrying value ($2,814,259 and $1,645,372 pledged as collateral, respectively) (1) [1] 4,391,983 3,016,715
Residential whole loans, at fair value ($777,087 and $738,638 pledged as collateral, respectively) (1) [1] 1,525,814 1,665,978
Mortgage servicing rights (“MSR”) related assets ($1,169,872 and $611,807 pledged as collateral, respectively) 1,169,872 611,807
Cash and cash equivalents 88,661 51,965
Restricted cash 31,056 36,744
Other assets 607,745 527,785
Total Assets 13,208,092 12,420,327
Liabilities:    
Repurchase agreements 8,630,642 7,879,087
Other liabilities 1,174,077 1,125,139
Total Liabilities 9,804,719 9,004,226
Commitments and contingencies (See Note 10)
Stockholders’ Equity:    
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference) 80 80
Common stock, $.01 par value; 886,950 shares authorized; 450,622 and 449,787 shares issued and outstanding, respectively 4,506 4,498
Additional paid-in capital, in excess of par 3,625,399 3,623,275
Accumulated deficit (638,396) (632,040)
Accumulated other comprehensive income 411,784 420,288
Total Stockholders’ Equity 3,403,373 3,416,101
Total Liabilities and Stockholders’ Equity 13,208,092 12,420,327
Non-Agency MBS Transferred to Consolidated VIEs    
Residential mortgage securities:    
Residential whole loans, at carrying value ($2,814,259 and $1,645,372 pledged as collateral, respectively) (1) 197,000 209,400
Residential whole loans, at fair value ($777,087 and $738,638 pledged as collateral, respectively) (1) 616,000 694,700
Agency MBS    
Residential mortgage securities:    
Mortgage-backed securities and credit risk transfer securities 2,257,375 2,698,213
Liabilities:    
Repurchase agreements 2,065,386 2,384,357
Non-Agency MBS    
Residential mortgage securities:    
Mortgage-backed securities and credit risk transfer securities 2,728,270 3,318,299
Liabilities:    
Repurchase agreements 1,276,010 1,447,585
Non-Agency MBS | Non-Agency MBS    
Residential mortgage securities:    
Mortgage-backed securities and credit risk transfer securities 2,728,270 3,318,299
CRT securities    
Residential mortgage securities:    
Mortgage-backed securities and credit risk transfer securities 407,316 492,821
Liabilities:    
Repurchase agreements $ 324,560 $ 391,586
[1]
Includes approximately $197.0 million and $209.4 million of Residential whole loans, at carrying value and $616.0 million and $694.7 million of Residential whole loans, at fair value transferred to consolidated variable interest entities (“VIEs”) at June 30, 2019 and December 31, 2018, respectively. Such assets can be used only to settle the obligations of each respective VIE.