MORTGAGE-BACKED SECURITIES (Tables)

6 Months Ended

Jun. 30, 2021

Residential Mortgage Backed Securities [Member]

Mortgage Backed Securities [Line Items]

Schedule of RMBS portfolio

The following table presents the Company’s RMBS portfolio as of June 30, 2021 and December 31, 2020:

(in thousands)

June 30, 2021

December 31, 2020

Pass-Through RMBS Certificates:

Fixed-rate Mortgages 

$

4,574,539

$

3,560,746

Fixed-rate CMOs

-

137,453

Total Pass-Through Certificates

4,574,539

3,698,199

Structured RMBS Certificates:

Interest-Only Securities

92,709

28,696

Inverse Interest-Only Securities

3,991

-

Total Structured RMBS Certificates

96,700

28,696

Total

$

4,671,239

$

3,726,895