CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Mortgage-backed securities	$ 6,511,095	$ 3,726,895
U.S. Treasury Notes	37,175	0
Cash and cash equivalents	385,143	220,143
Restricted cash	65,299	79,363
Accrued interest receivable	18,859	9,721
Derivative Assets	50,786	20,999
Receivable for securities sold, pledged to counterparties	0	414
Other assets	320	516
Total Assets	7,068,677	4,058,051
Liabilities
Outstanding repurchase obligations	6,244,106	3,595,586
Dividends Payable	11,530	4,970
Derivitive Liabilities	7,589	33,227
Accrued interest payable	788	1,157
Due to affiliates	1,062	632
Other Liabilities	35,505	7,188
Total Liabilities	6,300,580	3,642,760
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	1,770	761
Additional paid in capital	849,081	432,524
Accumulated deficit	(82,754)	(17,994)
Total Stockholders Equity	768,097	415,291
Total Liabilities and Stockholders Equity	$ 7,068,677	$ 4,058,051