CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest and other income:
Interest-Agency MBS	$ 20,335	$ 23,578	$ 70,183	$ 72,449
Interest-Non-Agency MBS	9,299	10,377	29,423	30,287
Interest-residential mortgage loans	5,049	5,750	15,676	17,944
Interest-residential mortgage loans held-for-securitization	1,574		2,695
Other interest income	679	20	1,343	92
Interest and Dividend Income, Operating, Total	36,936	39,725	119,320	120,772
Interest Expense:
Interest expense on repurchase agreements	21,132	24,027	74,248	65,149
Interest expense on asset-backed securities	4,880	5,581	15,172	17,449
Interest expense on warehouse line of credit	1,381		2,671
Interest expense on junior subordinated notes	520	519	1,608	1,470
Interest Expense, Total	27,913	30,127	93,699	84,068
Net interest income	9,023	9,598	25,621	36,704
Operating Expenses:
Management fee to related party	(1,647)	(1,636)	(5,085)	(5,039)
Rental properties depreciation and expenses	(423)	(366)	(1,146)	(1,158)
General and administrative expenses	(1,188)	(1,197)	(3,813)	(3,631)
Total operating expenses	(3,258)	(3,199)	(10,044)	(9,828)
Other income (loss):
Income-rental properties	469	436	1,359	1,333
Realized net gain (loss) on sale of MBS	214	799	(5,443)	(11,188)
Impairment charge on Non-Agency MBS	(1,145)	(141)	(1,751)	(1,898)
Unrealized gain (loss) on Agency MBS held as trading investments	1,900	3,000	17,800	(14,600)
Gain on sale of residential properties		30		30
(Loss) gain on derivatives, net	(24,734)	13,090	(105,565)	36,433
Recovery on Non-Agency MBS				1
Total other (loss) income	(23,257)	10,966	(100,739)	2,569
Net (loss) income	(17,492)	17,365	(85,162)	29,445
Dividends on preferred stock	(2,297)	(2,297)	(6,892)	(6,892)
Net (loss) to common stockholders	$ (19,789)	$ 15,068	$ (92,054)	$ 22,553
Basic (loss) per common share	$ (0.20)	$ 0.15	$ (0.93)	$ 0.23
Diluted (loss) per common share	$ (0.20)	$ 0.15	$ (0.93)	$ 0.23
Basic weighted average number of shares outstanding	98,739	98,353	98,638	98,270
Diluted weighted average number of shares outstanding	98,739	102,331	98,638	102,199
Agency MBS
Other income (loss):
Realized net gain (loss) on sale of MBS	$ 214	$ 799	$ (5,488)	$ (11,188)
Realized (loss) on sales of Agency MBS held as trading investments		(231)	(7,128)	(7,558)
Unrealized gain (loss) on Agency MBS held as trading investments	$ 1,939	$ (3,017)	$ 17,834	$ (14,584)