CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets
Residential mortgage investments ($7.16 and $7.71 billion pledged at March 31, 2021 and December 31, 2020, respectively)	$ 7,405,411	$ 7,937,552
Cash collateral receivable from derivative counterparties	61,796	74,411
Derivatives at fair value	151
Cash and cash equivalents	259,233	257,180
Receivables and other assets	143,295	136,107
Total assets	7,869,886	8,405,250
Liabilities
Secured borrowings	6,805,061	7,319,083
Derivatives at fair value	27,223	41,484
Unsecured borrowings	98,519	98,493
Common stock dividend payable	15,173	15,281
Accounts payable and accrued expenses	20,217	20,746
Total liabilities	6,966,193	7,495,087
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 March 31, 2021 and December 31, 2020	250,946	250,946
Common stock - $0.01 par value; 250,000 shares authorized: 96,481 and 94,606 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively	968	965
Paid-in capital	1,269,021	1,268,439
Accumulated deficit	(651,551)	(651,071)
Accumulated other comprehensive income	34,309	40,884
Total stockholders' equity	903,693	910,163
Total liabilities and equity	$ 7,869,886	$ 8,405,250