CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Assets:
Residential whole loans, at carrying value ($4,556,213 and $4,847,782 pledged as collateral, respectively) (1)	[1]	$ 4,813,119	$ 6,069,370
Residential whole loans, at fair value ($691,660 and $794,684 pledged as collateral, respectively) (1)	[1]	1,200,981	1,381,583
Allowance for credit losses on residential whole loans held at carrying value		(136,589)	(3,025)
Total residential whole loans, net		5,877,511	7,447,928
Residential mortgage securities, at fair value ($148,210 and $3,966,591 pledged as collateral, respectively)		148,343	3,983,519
Mortgage servicing rights (“MSR”) related assets ($255,035 and $1,217,002 pledged as collateral, respectively)		254,228	1,217,002
Cash and cash equivalents		666,172	70,629
Restricted cash		7,680	64,035
Other assets		613,474	784,251
Total Assets		7,567,408	13,567,364
Liabilities:
Financing agreements ($4,194,324 and $0 held at fair value, respectively)		5,011,356	10,031,606
Other liabilities		35,001	151,806
Total Liabilities		5,046,357	10,183,412
Commitments and contingencies (See Note 10)
Stockholders’ Equity:
Common stock, $.01 par value; 874,300 and 886,950 shares authorized; 453,244 and 452,369 shares issued and outstanding, respectively		4,532	4,524
Additional paid-in capital, in excess of par		3,922,399	3,640,341
Accumulated deficit		(1,451,783)	(631,040)
Accumulated other comprehensive income		45,713	370,047
Total Stockholders’ Equity		2,521,051	3,383,952
Total Liabilities and Stockholders’ Equity		7,567,408	13,567,364
Non-Agency MBS Transferred to Consolidated VIEs
Assets:
Residential whole loans, at carrying value ($4,556,213 and $4,847,782 pledged as collateral, respectively) (1)		181,400	186,400
Residential whole loans, at fair value ($691,660 and $794,684 pledged as collateral, respectively) (1)		506,700	567,400
Series B Preferred Stock
Stockholders’ Equity:
Preferred stock		80	80
Series C Preferred Stock
Stockholders’ Equity:
Preferred stock		$ 110	$ 0

[1] Includes approximately $181.4 million and $186.4 million of Residential whole loans, at carrying value and $506.7 million and $567.4 million of Residential whole loans, at fair value transferred to consolidated variable interest entities (“VIEs”) at June 30, 2020 and December 31, 2019, respectively. Such assets can be used only to settle the obligations of each respective VIE.