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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets:    
Residential whole loans, net ($2,134,855 and $1,216,902 held at fair value, respectively) (1)(2) [1],[2] $ 5,550,979 $ 5,325,401
Securities, at fair value [2] 302,835 399,999
Cash and cash equivalents 906,409 814,354
Restricted cash 8,839 7,165
Other assets [2] 439,347 385,381
Total Assets 7,208,409 6,932,300
Liabilities:    
Financing agreements ($2,294,103 and $3,366,772 held at fair value, respectively) 4,428,791 4,336,976
Other liabilities 253,081 70,522
Total Liabilities 4,681,872 4,407,498
Commitments and contingencies (See Note 10)
Stockholders’ Equity:    
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 440,812 and 451,714 shares issued and outstanding, respectively 4,408 4,517
Additional paid-in capital, in excess of par 3,804,830 3,848,129
Accumulated deficit (1,347,466) (1,405,327)
Accumulated other comprehensive income 64,575 77,293
Total Stockholders’ Equity 2,526,537 2,524,802
Total Liabilities and Stockholders’ Equity 7,208,409 6,932,300
Series B Preferred Stock    
Stockholders’ Equity:    
Preferred stock 80 80
Series C Preferred Stock    
Stockholders’ Equity:    
Preferred stock $ 110 $ 110
[1] Includes approximately $2.3 billion and $1.8 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at June 30, 2021 and December 31, 2020, respectively. Such assets can be used only to settle the obligations of each respective VIE.
[2] See Note 6 for information regarding the Company’s pledged assets.