CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 43,002	$ 24,666
Restricted cash	5,326	12,466
Mortgage loans held-for-sale	29,419	782,143
Mortgage servicing rights	279	41,470
Securitized mortgage trust assets	2,229,662	2,634,746
Other assets	56,936	50,788
Total assets	2,364,624	3,546,279
LIABILITIES
Warehouse borrowings	1,571	701,563
MSR advance financings	448
Convertible notes, net	24,839	24,996
Long-term debt	41,811	45,434
Securitized mortgage trust liabilities	2,213,863	2,619,210
Other liabilities	67,071	50,839
Total liabilities	2,349,603	3,442,042
Commitments and contingencies (See Note 11)
STOCKHOLDERS’ EQUITY
Common stock, $0.01 par value; 200,000,000 shares authorized; 21,229,857 and 21,255,426 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	212	212
Additional paid-in capital	1,236,749	1,236,237
Accumulated other comprehensive earnings, net of tax	23,899	24,786
Net accumulated deficit:
Cumulative dividends declared	(822,520)	(822,520)
Retained deficit	(423,340)	(334,499)
Net accumulated deficit	(1,245,860)	(1,157,019)
Total stockholders’ equity	15,021	104,237
Total liabilities and stockholders’ equity	2,364,624	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