CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest and other income:
Interest-Agency MBS	$ 21,258	$ 25,711
Interest-Non-Agency MBS	8,120	10,466
Interest-residential securitized mortgage loans	4,391	5,368
Interest-residential mortgage loans held-for-securitization	1,820	86
Other interest income	174	19
Interest and Dividend Income, Operating, Total	35,763	41,650
Interest expense:
Interest expense on repurchase agreements	17,278	27,136
Interest expense on asset-backed securities	4,225	5,200
Interest expense on warehouse line of credit	1,412	234
Interest expense on junior subordinated notes	472	547
Interest Expense, Total	23,387	33,117
Net interest income	12,376	8,533
Provision for credit losses on loans	(56)
Net interest income after provision for loan losses	12,320	8,533
Operating expenses:
Management fee to related party	(1,528)	(1,724)
Rental properties depreciation and expenses	(443)	(355)
General and administrative expenses	(1,089)	(967)
Total operating expenses	(3,060)	(3,046)
Other (loss) income:
Income-rental properties	454	436
Realized net gain (loss) on sales of available-for-sale MBS	5,710	(6,147)
Gain on sale of residential properties	78
(Loss) on derivatives, net	(88,791)	(27,289)
Total other (loss)	(195,081)	(25,457)
Net (loss)	(185,821)	(19,970)
Dividends on preferred stock	(2,297)	(2,297)
Net (loss) to common stockholders	$ (188,118)	$ (22,267)
Basic (loss) per common share	$ (1.90)	$ (0.23)
Diluted (loss) per common share	$ (1.90)	$ (0.23)
Basic weighted average number of shares outstanding	98,823	98,537
Diluted weighted average number of shares outstanding	98,823	98,537
Agency MBS
Other (loss) income:
Realized net gain (loss) on sales of available-for-sale MBS	$ 5,710	$ (6,147)
Realized net (loss) on MBS held as trading investments	3,981	(7,363)
Unrealized gain (loss) on Agency MBS held as trading investments	(1,141)	$ 14,906
Non-Agency MBS
Other (loss) income:
Realized net gain (loss) on sales of available-for-sale MBS	(55,390)
Unrealized gain (loss) on Agency MBS held as trading investments	$ (59,982)