CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022		Dec. 31, 2021
ASSETS
Cash and cash equivalents (includes $247 and $2,118, respectively, from consolidated VIEs)	$ 9,575		$ 20,543
Restricted cash	1,270		1,132
Sold securities receivable			28,219
MSR financing receivables, at fair value	120,260		125,018
Credit securities, at fair value	113,419		26,222
Loans, at fair value	29,484		29,697
Single-family residential real estate	68,190		60,889
Deposits	4,623		4,549
Other assets (includes $1,401 and $547, respectively, from consolidated VIEs)	12,945		15,287
Total assets	1,084,755		803,036
Liabilities:
Repurchase agreements	329,994		446,624
Purchased Securities Payable	114,410
Long-term unsecured debt	86,199		85,994
Long-term debt secured by single-family properties	122,770		39,178
Other liabilities (includes $275 and $2, respectively, from consolidated VIEs)	12,187		6,605
Total liabilities	871,057		578,909
Commitments and contingencies
Stockholders’ Equity:
Additional paid-in capital	2,025,345		2,030,315
Accumulated deficit	(1,846,546)		(1,842,703)
Total stockholders’ equity	213,698		224,127
Total liabilities and stockholders’ equity	1,084,755		803,036
Variable Interest Entity, Primary Beneficiary
ASSETS
Cash and cash equivalents (includes $247 and $2,118, respectively, from consolidated VIEs)	247		2,118
Restricted cash	4,649	[1]	111	[2]
Loans, at fair value	225,004		7,442
Other assets (includes $1,401 and $547, respectively, from consolidated VIEs)	1,401		547
Liabilities:
Secured debt of consolidated VIEs, at fair value	205,497		508
Other liabilities (includes $275 and $2, respectively, from consolidated VIEs)	275		2
Held-for-sale
ASSETS
Single-family residential real estate	112,979
Agency MBS
ASSETS
Agency mortgage-backed securities, at fair value	382,357		483,927
Liabilities:
Repurchase agreements	224,566		425,836
Series B Preferred Stock
Stockholders’ Equity:
Preferred stock	9,001		8,852
Series C Preferred Stock
Stockholders’ Equity:
Preferred stock	25,607		27,356
Common Class A
Stockholders’ Equity:
Common stock	$ 291		$ 307

[1] Restricted cash represents cash collected by the trust that must be used solely to satisfy the liabilities of the VIE in the month following collection.

[2] Restricted cash represents cash collected by the trust that must be used solely to satisfy the liabilities of the VIE in the month following collection.