CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest and other income:
Interest-Agency MBS	$ 12,466	$ 24,137	$ 33,723	$ 49,848
Interest-Non-Agency MBS	2,595	9,659	10,715	20,125
Interest-securitized residential mortgage loans	3,948	5,259	8,339	10,627
Interest-residential mortgage loans held-for-securitization	1,403	1,036	3,223	1,122
Other interest income		20	174	39
Interest and Dividend Income, Operating, Total	20,412	40,111	56,174	81,761
Interest expense:
Interest expense on repurchase agreements	4,877	25,979	22,155	53,116
Interest expense on asset-backed securities	3,781	5,091	8,007	10,291
Interest expense on warehouse line of credit	979	1,057	2,391	1,290
Interest expense on junior subordinated notes	410	542	881	1,088
Interest Expense, Total	10,047	32,669	33,434	65,785
Net interest income	10,365	7,442	22,740	15,976
Provision for credit losses on loans	(564)		(620)
Net interest income after provision for credit losses	9,801	7,442	22,120	15,976
Operating expenses:
Management fee to related party	(1,371)	(1,713)	(2,899)	(3,438)
Rental properties depreciation and expenses	(380)	(367)	(823)	(723)
General and administrative expenses	(1,254)	(1,033)	(2,342)	(2,001)
Total operating expenses	(3,005)	(3,113)	(6,064)	(6,162)
Other income (loss):
Income-rental properties	384	453	839	890
Realized net gain (loss) on sales of available-for-sale MBS	10,095	444	15,805	(5,703)
Gain on sale of residential properties	45		123
(Loss) on derivatives, net	(6,168)	(53,543)	(94,958)	(80,832)
Total other income (loss)	30,043	(52,029)	(165,037)	(77,484)
Net income (loss)	36,839	(47,700)	(148,981)	(67,670)
Dividends on preferred stock	(2,297)	(2,297)	(4,595)	(4,595)
Net income (loss) to common stockholders	$ 34,542	$ (49,997)	$ (153,576)	$ (72,265)
Basic income (loss) per common share	$ 0.35	$ (0.51)	$ (1.55)	$ (0.73)
Diluted income (loss) per common share	$ 0.34	$ (0.51)	$ (1.55)	$ (0.73)
Basic weighted average number of shares outstanding	98,977	98,635	98,769	98,586
Diluted weighted average number of shares outstanding	103,525	98,635	98,769	98,586
Agency MBS
Other income (loss):
Realized net gain (loss) on sales of available-for-sale MBS	$ 10,095	$ 444	$ 15,805	$ (5,703)
Realized net (loss) on MBS held as trading investments		1,223	2,840	8,767
Net gain (loss) on Non-Agency MBS held as trading investments		234	3,981	(7,128)
Unrealized gain (loss) on Agency MBS held as trading investments		989	(1,141)	15,895
Non-Agency MBS
Other income (loss):
Impairment charge on Non-Agency MBS		$ (606)		$ (606)
Net gain (loss) on Non-Agency MBS held as trading investments	$ 25,687		$ (89,686)