CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income:
Residential mortgage investments		$ 48,133	$ 85,100	$ 117,361	$ 168,907
Other		22	600	421	1,022
Interest income		48,155	85,700	117,782	169,929
Interest expense:
Secured borrowings		(13,055)	(67,945)	(58,328)	(131,724)
Unsecured borrowings		(1,900)	(1,900)	(3,800)	(3,791)
Interest expense		(14,955)	(69,845)	(62,128)	(135,515)
Net interest income (expense)		33,200	15,855	55,654	34,414
Other expense:
Loss on derivative instruments (net)	[1]	(6,948)	(74,842)	(162,687)	(96,499)
Loss on sale of investments (net)			(1,365)	(67,820)	(1,365)
Compensation-related expense		(2,330)	(1,972)	(4,534)	(5,581)
Other general and administrative expense		(1,219)	(1,138)	(2,421)	(2,266)
Miscellaneous other revenue (expense)		1	2	(141)	91
Operating expenses		(10,496)	(79,315)	(237,603)	(105,620)
Net income (loss)		22,704	(63,460)	(181,949)	(71,206)
Less preferred stock dividends		(4,842)	(4,842)	(9,684)	(9,684)
Net income (loss) to common stockholders		$ 17,862	$ (68,302)	$ (191,633)	$ (80,890)
Net income (loss) per common share:
Basic and diluted		$ 0.19	$ (0.80)	$ (2.01)	$ (0.95)
Weighted average common shares outstanding:
Basic		95,655	84,934	95,276	84,914
Diluted		95,887	84,934	95,276	84,914

[1] Included in “Loss on derivative instruments (net)” on the face of the Consolidated Statement of Operations.