CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest Income:
Residential whole loans held at carrying value	$ 54,393	$ 64,226	$ 207,306	$ 171,725
Residential mortgage securities	2,329	60,639	51,678	211,676
MSR-related assets	6,241	15,274	30,189	38,232
Other interest-earning assets	3,017	1,679	9,089	4,272
Cash and cash equivalent investments	100	903	646	2,703
Interest Income	66,080	142,721	298,908	428,608
Interest Expense:
Asset-backed and other collateralized financing arrangements	50,054	79,932	209,998	238,773
Other interest expense	5,910	5,891	17,716	11,120
Interest Expense	55,964	85,823	227,714	249,893
Net Interest Income	10,116	56,898	71,194	178,715
Reversal/(Provision) for credit and valuation losses on residential whole loans and other financial instruments	27,244	(347)	(38,090)	(1,538)
Net Interest Income after Provision for Credit and Valuation Losses	37,360	56,551	33,104	177,177
Other Income, net:
Impairment and other losses on securities available-for-sale and other assets	(221)	0	(424,966)	0
Net realized gain/(loss) on sales of residential mortgage securities and residential whole loans	48	17,708	(188,847)	50,027
Net unrealized gain/(loss) on residential mortgage securities measured at fair value through earnings	91	(695)	(13,432)	7,977
Net gain on residential whole loans measured at fair value through earnings	76,871	40,175	44,431	116,915
Loss on terminated swaps previously designated as hedges for accounting purposes	(7,177)	0	(57,034)	0
Other, net	7,498	5,241	2,370	(4,459)
Other Income/(Loss), net	77,110	62,429	(637,478)	170,460
Operating and Other Expense:
Compensation and benefits	11,657	7,920	29,134	24,315
Other general and administrative expense	6,611	5,022	18,656	15,601
Loan servicing, financing and other related costs	8,992	10,439	28,609	30,225
Costs associated with restructuring/forbearance agreement	0	0	44,434	0
Operating and Other Expense	27,260	23,381	120,833	70,141
Net Income/(Loss)	87,210	95,599	(725,207)	277,496
Less Preferred Stock Dividend Requirement	8,219	3,750	21,578	11,250
Net Income/(Loss) Available to Common Stock and Participating Securities	$ 78,991	$ 91,849	$ (746,785)	$ 266,246
Basic Earnings per Common Share (usd per share)	$ 0.17	$ 0.20	$ (1.65)	$ 0.59
Diluted Earnings per Common Share (usd per share)	$ 0.17	$ 0.20	$ (1.65)	$ 0.58