FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of financial assets (liabilities) measured at fair value on a recurring basis

The following table presents financial assets (liabilities) measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018.

(in thousands)
				Quoted Prices
				in Active		Significant
				Markets for		Other		Significant
				Identical		Observable		Unobservable
		Fair Value		Assets		Inputs		Inputs
		Measurements		(Level 1)		(Level 2)		(Level 3)
June 30, 2019
Mortgage-backed securities	$	3,527,256	$	-	$	3,527,256	$	-
Interest rate swaps		(17,112)		-		(17,112)		-
Interest rate swaptions		316		-		316		-
TBA securities		(344)		-		(344)		-
December 31, 2018
Mortgage-backed securities	$	3,014,503	$	-	$	3,014,503	$	-
Interest rate swaps		14,557		-		14,557		-
Interest rate swaptions		123		-		123		-
TBA securities		(3,742)		-		(3,742)		-