CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 80,192	$ 24,666
Restricted cash	11,950	12,466
Mortgage loans held-for-sale	497,605	782,143
Mortgage servicing rights	24,328	41,470
Securitized mortgage trust assets	2,253,323	2,634,746
Other assets	54,700	50,788
Total assets	2,922,098	3,546,279
LIABILITIES
Warehouse borrowings	501,086	701,563
MSR financings	15,000
Convertible notes, net	24,999	24,996
Long-term debt	39,632	45,434
Securitized mortgage trust liabilities	2,238,208	2,619,210
Other liabilities	67,736	50,839
Total liabilities	2,886,661	3,442,042
Commitments and contingencies (See Note 11)
STOCKHOLDERS’ EQUITY
Common stock, $0.01 par value; 200,000,000 shares authorized; 21,264,926 and 21,255,426 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively	213	212
Additional paid-in capital	1,236,521	1,236,237
Accumulated other comprehensive earnings, net of tax	21,713	24,786
Net accumulated deficit:
Cumulative dividends declared	(822,520)	(822,520)
Retained deficit	(400,511)	(334,499)
Net accumulated deficit	(1,223,031)	(1,157,019)
Total stockholders’ equity	35,437	104,237
Total liabilities and stockholders’ equity	2,922,098	3,546,279
Series A-1 junior participating preferred stock
STOCKHOLDERS’ EQUITY
Preferred stock
Series B 9.375% redeemable preferred stock
STOCKHOLDERS’ EQUITY
Preferred stock	7	7
Series C 9.125% redeemable preferred stock
STOCKHOLDERS’ EQUITY
Preferred stock	$ 14	$ 14