CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest Income:
Residential whole loans held at carrying value	$ 69,427	$ 57,879	$ 152,913	$ 107,499
Residential mortgage securities	4,975	72,395	49,349	151,037
MSR-related assets	9,741	12,338	23,948	22,958
Other interest-earning assets	3,165	1,287	6,072	2,593
Cash and cash equivalent investments	60	1,036	546	1,800
Interest Income	87,368	144,935	232,828	285,887
Interest Expense:
Asset backed and other collateralized financing arrangements	82,085	81,826	159,945	158,841
Other interest expense	5,906	3,218	11,805	5,229
Interest Expense	87,991	85,044	171,750	164,070
Net Interest (Expense)/Income	(623)	59,891	61,078	121,817
Reversal/(Provision) for credit and valuation losses on residential whole loans and other financial instruments	85,377	(385)	(65,334)	(1,190)
Net Interest Income/(Expense) after Provision for Credit and Valuation Losses	84,754	59,506	(4,256)	120,627
Other Income, net:
Impairment and other losses on securities available-for-sale and other assets	(5,094)	0	(424,745)	0
Net realized gain/(loss) on sales of residential mortgage securities and residential whole loans	49,485	7,710	(188,895)	32,319
Net unrealized gain/(loss) on residential mortgage securities measured at fair value through earnings	64,438	0	(13,523)	8,672
Net gain/(loss) on residential whole loans measured at fair value through earnings	20,320	51,473	(32,440)	76,740
Loss on terminated swaps previously designated as hedges for accounting purposes	(49,857)	0	(49,857)	0
Other, net	(2,935)	(2,321)	(4,946)	(9,700)
Other Income/(Loss), net	76,357	56,862	(714,406)	108,031
Operating and Other Expense:
Compensation and benefits	8,578	7,841	17,477	16,395
Other general and administrative expense	7,652	5,934	12,227	10,579
Loan servicing and other related operating expenses	8,337	9,553	19,617	19,787
Costs associated with restructuring/forbearance agreement	39,966	0	44,434	0
Operating and Other Expense	64,533	23,328	93,755	46,761
Net Income/(Loss)	96,578	93,040	(812,417)	181,897
Less Preferred Stock Dividend Requirement	8,144	3,750	13,359	7,500
Net Income/(Loss) Available to Common Stock and Participating Securities	$ 88,434	$ 89,290	$ (825,776)	$ 174,397
Basic Earnings per Common Share (usd per share)	$ 0.19	$ 0.20	$ (1.82)	$ 0.39
Diluted Earnings per Common Share (usd per share)	$ 0.19	$ 0.20	$ (1.82)	$ 0.38