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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Residential mortgage securities:    
Mortgage-backed securities and credit risk transfer securities $ 4,589,554 $ 6,509,333
Residential whole loans, at carrying value ($3,657,830 and $1,645,372 pledged as collateral, respectively) (1) [1] 4,969,414 3,016,715
Residential whole loans, at fair value ($835,762 and $738,638 pledged as collateral, respectively) (1) [1] 1,453,169 1,665,978
Mortgage servicing rights (“MSR”) related assets ($1,164,284 and $611,807 pledged as collateral, respectively) 1,164,284 611,807
Cash and cash equivalents 154,193 51,965
Restricted cash 38,998 36,744
Other assets 735,209 527,785
Total Assets 13,104,821 12,420,327
Liabilities:    
Repurchase agreements 8,571,422 7,879,087
Other liabilities 1,129,973 1,125,139
Total Liabilities 9,701,395 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; 451,692 and 449,787 shares issued and outstanding, respectively 4,517 4,498
Additional paid-in capital, in excess of par 3,634,140 3,623,275
Accumulated deficit (637,161) (632,040)
Accumulated other comprehensive income 401,850 420,288
Total Stockholders’ Equity 3,403,426 3,416,101
Total Liabilities and Stockholders’ Equity 13,104,821 12,420,327
Agency MBS    
Residential mortgage securities:    
Mortgage-backed securities and credit risk transfer securities 1,813,873 2,698,213
Liabilities:    
Repurchase agreements 1,675,861 2,384,357
Non-Agency MBS    
Residential mortgage securities:    
Mortgage-backed securities and credit risk transfer securities 2,397,789 3,318,299
CRT securities    
Residential mortgage securities:    
Mortgage-backed securities and credit risk transfer securities 377,892 492,821
Liabilities:    
Repurchase agreements 303,544 391,586
Non-Agency MBS Transferred to Consolidated VIEs    
Residential mortgage securities:    
Residential whole loans, at carrying value ($3,657,830 and $1,645,372 pledged as collateral, respectively) (1) 189,900 209,400
Residential whole loans, at fair value ($835,762 and $738,638 pledged as collateral, respectively) (1) $ 593,300 $ 694,700
[1]
Includes approximately $189.9 million and $209.4 million of Residential whole loans, at carrying value and $593.3 million and $694.7 million of Residential whole loans, at fair value transferred to consolidated variable interest entities (“VIEs”) at September 30, 2019 and December 31, 2018, respectively. Such assets can be used only to settle the obligations of each respective VIE.