CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Residential mortgage investments ($11.30 and $11.57 billion pledged at June 30, 2019 and December 31, 2018, respectively)	$ 11,531,219	$ 11,965,381
Cash collateral receivable from interest rate swap counterparties	70,873	31,797
Interest rate swap agreements at fair value	2,128
Cash and cash equivalents	179,478	60,289
Receivables and other assets	143,405	129,058
Total assets	11,927,103	12,186,525
Liabilities
Secured borrowings	10,742,574	10,979,362
Interest rate swap agreements at fair value	28,284	17,834
Unsecured borrowings	98,342	98,292
Common stock dividend payable	10,605	7,132
Accounts payable and accrued expenses	24,910	24,842
Total liabilities	10,904,715	11,127,462
Stockholders’ equity
Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 10,329 shares issued and outstanding ($258,226 aggregate liquidation preference) at June 30, 2019 and December 31, 2018	250,946	250,946
Common stock - $0.01 par value; 250,000 shares authorized: 85,549 and 85,277 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	855	853
Paid-in capital	1,176,529	1,174,880
Accumulated deficit	(444,703)	(346,570)
Accumulated other comprehensive income (loss)	38,761	(21,046)
Total stockholders' equity	1,022,388	1,059,063
Total liabilities and equity	$ 11,927,103	$ 12,186,525