CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020		Jun. 30, 2019	Sep. 30, 2020		Sep. 30, 2019
Interest income
Residential mortgage investments	$ 37,592		$ 77,693	$ 154,953		$ 246,600
Other	20		1,065	441		2,087
Interest income	37,612		78,758	155,394		248,687
Interest expense
Secured borrowings	(4,824)		(62,800)	(63,152)		(194,524)
Unsecured borrowings	(1,910)		(1,910)	(5,710)		(5,701)
Interest expense	(6,734)		(64,710)	(68,862)		(200,225)
Net interest income (expense)	30,878		14,048	86,532		48,462
Other expense
Gain (loss) on derivative instruments (net)	1,510	[1]	(9,221)	(161,177)	[1]	(105,720)	[1]
Loss on sale of investments (net)				(67,820)		(1,365)
Compensation-related expense	(1,985)		(566)	(6,519)		(6,147)
Other general and administrative expense	(1,321)		(1,123)	(3,742)		(3,389)
Miscellaneous other revenue (expense)			58	(141)		149
Operating expenses	(1,796)		(10,852)	(239,399)		(116,472)
Net income (loss)	29,082		3,196	(152,867)		(68,010)
Less preferred stock dividends	(4,842)		(4,842)	(14,526)		(14,526)
Net income (loss) to common stockholders	$ 24,240		$ (1,646)	$ (167,393)		$ (82,536)
Net income (loss) per common share
Basic and diluted	$ 0.25		$ (0.02)	$ (1.76)		$ (0.95)
Weighted average common shares outstanding
Basic	95,698		90,945	95,418		86,946
Diluted	96,024		90,945	95,418		86,946

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