CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Interest income
Residential mortgage investments		$ 26,165	$ 69,207
Other		13	403
Interest income		26,178	69,610
Interest expense
Secured borrowings		(4,172)	(45,256)
Unsecured borrowings		(1,891)	(1,900)
Interest expense		(6,063)	(47,156)
Net interest income (expense)		20,115	22,454
Other (expense) income
Gain (loss) on derivative instruments (net)	[1]	2,382	(155,739)
Loss on sale of investments (net)			(67,820)
Compensation-related expense		(2,092)	(2,204)
Other general and administrative expense		(1,465)	(1,202)
Miscellaneous other revenue (expense)		2	(142)
Operating expenses		(1,173)	(227,107)
Net income (loss)		18,942	(204,653)
Less preferred stock dividends		(4,842)	(4,842)
Net income (loss) to common stockholders		$ 14,100	$ (209,495)
Net income (loss) per common share
Basic and diluted		$ 0.15	$ (2.21)
Weighted average common shares outstanding
Basic		95,894	94,897
Diluted		96,230	94,897

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