CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest and other income:
Interest-Agency MBS	$ 24,137	$ 24,814	$ 49,848	$ 48,871
Interest-Non-Agency MBS	9,659	9,902	20,125	19,910
Interest-residential mortgage loans	5,259	5,955	10,627	12,194
Interest-residential mortgage loans held-for-securitization	1,036		1,122
Other interest income	20	44	39	72
Interest and Dividend Income, Operating, Total	40,111	40,715	81,761	81,047
Interest Expense:
Interest expense on repurchase agreements	25,979	22,028	53,116	41,122
Interest expense on asset-backed securities	5,091	5,797	10,291	11,867
Interest expense on warehouse line of credit	1,057		1,290
Interest expense on junior subordinated notes	542	504	1,088	951
Interest Expense, Total	32,669	28,329	65,785	53,940
Net interest income	7,442	12,386	15,976	27,107
Operating Expenses:
Management fee to related party	(1,713)	(1,666)	(3,438)	(3,403)
Rental properties depreciation and expenses	(367)	(405)	(723)	(792)
General and administrative expenses	(1,033)	(1,324)	(2,001)	(2,434)
Total operating expenses	(3,113)	(3,395)	(6,162)	(6,629)
Other income (loss):
Income-rental properties	453	445	890	897
Realized net (loss) on sale of MBS	444		(5,703)	(11,987)
Impairment charge on Non-Agency MBS	(606)	(1,757)	(606)	(1,757)
Unrealized gain (loss) on Agency MBS held as trading investments	1,000	2,700	15,900	(11,600)
(Loss) gain on derivatives, net	(53,543)	9,930	(80,832)	23,342
Recovery on Non-Agency MBS		1		1
Total other (loss) income	(52,029)	5,942	(77,484)	(8,398)
Net (loss) income	(47,700)	14,933	(67,670)	12,080
Dividends on preferred stock	(2,297)	(2,297)	(4,595)	(4,595)
Net (loss) to common stockholders	$ (49,997)	$ 12,636	$ (72,265)	$ 7,485
Basic (loss) per common share	$ (0.51)	$ 0.13	$ (0.73)	$ 0.08
Diluted (loss) per common share	$ (0.51)	$ 0.13	$ (0.73)	$ 0.08
Basic weighted average number of shares outstanding	98,635	98,271	98,586	98,228
Diluted weighted average number of shares outstanding	98,635	102,205	98,586	102,132
Agency MBS
Other income (loss):
Realized (loss) on sales of Agency MBS held as trading investments	$ 234		$ (7,128)	$ (7,327)
Unrealized gain (loss) on Agency MBS held as trading investments	$ 989	$ (2,677)	$ 15,895	$ (11,567)