CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
ASSETS
Agency MBS at fair value (including $2,992,673 and $3,433,252 pledged to counterparties at September 30, 2019 and December 31, 2018, respectively)		$ 3,105,638	$ 3,548,719
Non-Agency MBS at fair value (including $593,748 and $726,428 pledged to counterparties at September 30, 2019 and December 31, 2018, respectively)		686,029	795,203
Residential mortgage loans held-for-securitization		129,014	11,660
Residential mortgage loans held-for-investment through consolidated securitization trusts	[1]	483,648	549,016
Residential real estate		13,618	13,782
Cash and cash equivalents		13,867	3,165
Reverse repurchase agreements			20,000
Restricted cash		119,070	30,296
Interest receivable		16,386	16,872
Loan principle receivables		3,854
Derivative instruments at fair value		2,459	46,207
Right to use asset - operating lease		1,391	1,794
Receivable for sold securities		3,650
Prepaid expenses and other		3,137	2,986
Total Assets		4,581,761	5,039,700
Liabilities:
Accrued interest payable		14,722	24,828
Repurchase agreements		3,255,102	3,811,627
Warehouse line of credit		112,252
Asset-backed securities issued by securitization trusts	[1]	474,285	539,651
Junior subordinated notes.		37,380	37,380
Derivative instruments at fair value		71,821	15,901
Payable for purchased loans			11,660
Payable for purchased securities		43,290
Warehouse line of credit payables		3,854
Accrued expenses and other		1,398	654
Long-term lease obligation		1,391	1,794
Total Liabilities		4,027,669	4,458,595
Series B Cumulative Convertible Preferred Stock: par value $0.01 per share; liquidating preference $25.00 per share ($19,494 and $19,494, respectively); 780 and 780 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively		19,455	19,455
Stockholders' Equity:
Common Stock: par value $0.01 per share; authorized 200,000 shares, 98,768 and 98,483 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively		988	985
Additional paid-in capital		983,124	981,964
Accumulated other comprehensive income consisting of unrealized gains and losses		66,950	(30,792)
Accumulated deficit		(611,588)	(485,988)
Total Stockholders' Equity		534,637	561,650
Total Liabilities and Stockholders' Equity		4,581,761	5,039,700
Agency MBS
ASSETS
Agency MBS at fair value (including $2,992,673 and $3,433,252 pledged to counterparties at September 30, 2019 and December 31, 2018, respectively)		2,992,673	3,433,252
Liabilities:
Repurchase agreements		2,780,000	3,235,000
Series A Preferred Stock
Stockholders' Equity:
Cumulative Preferred Stock		46,537	46,537
Total Stockholders' Equity		46,537	46,537
Series C Preferred Stock
Stockholders' Equity:
Cumulative Preferred Stock		48,626	48,944
Total Stockholders' Equity		48,626	48,944
Preferred Stock
Liabilities:
Dividends payable on stock		2,297	2,297
Common Stock
Liabilities:
Dividends payable on stock		9,877	12,803
Stockholders' Equity:
Total Stockholders' Equity		$ 988	$ 985

[1] The consolidated balance sheets include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations and liabilities of the VIEs for which creditors do not have recourse to the Company. At September 30, 2019 and December 31, 2018, total assets of the consolidated VIEs were $485 million and $551 million (including accrued interest receivable of $1.6 million and $1.8 million), respectively (which is recorded above in the line item entitled “Interest receivable”), and total liabilities were $476 million and $541 million (including accrued interest payable of $1.6 million and $1.7 million), respectively (which is recorded in the line item above entitled “Accrued interest payable”). Please refer to Note 5, “Variable Interest Entities,” for further discussion.