CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net interest income:
Interest income	[1]	$ 245,922,000	$ 339,914,000	$ 546,189,000	$ 690,303,000
Interest expense	[2]	129,256,000	198,110,000	271,339,000	401,060,000
Net interest income		116,666,000	141,804,000	274,850,000	289,243,000
Increase/(decrease) in provision for credit losses		(4,497,000)	0	1,817,000	0
Net other-than-temporary credit impairment losses		0	0	0	(4,853,000)
Other investment gains (losses):
Net unrealized gains (losses) on derivatives		0	(132,171,000)	201,000,000	(221,486,000)
Realized gains (losses) on terminations of interest rate swaps		0	(95,211,000)	(463,966,000)	(203,257,000)
Net realized gains (losses) on derivatives		0	(9,697,000)	(41,086,000)	(16,974,000)
Net gains (losses) on derivatives		0	(237,079,000)	(304,052,000)	(441,717,000)
Net unrealized gains (losses) on financial instruments at fair value		(171,921,000)	190,748,000	(432,809,000)	391,561,000
Net realized gains (losses) on sales of investments		26,380,000	(7,526,000)	102,234,000	1,077,000
Gains (losses) on extinguishment of debt		459,000	(608,000)	459,000	(608,000)
Total other gains (losses)		(145,082,000)	(54,465,000)	(634,168,000)	(49,687,000)
Other expenses:
Compensation and benefits		10,255,000	12,114,000	23,190,000	26,484,000
General and administrative expenses		6,562,000	6,217,000	12,239,000	12,019,000
Servicing fees		9,473,000	9,280,000	19,462,000	18,243,000
Transaction expenses		4,710,000	813,000	9,616,000	895,000
Total other expenses		31,000,000	28,424,000	64,507,000	57,641,000
Income (loss) before income taxes		(54,919,000)	58,915,000	(425,642,000)	177,062,000
Income taxes		36,000	155,000	68,000	155,000
Net income (loss)		(54,955,000)	58,760,000	(425,710,000)	176,907,000
Dividends on preferred stock		18,438,000	18,438,000	36,875,000	35,829,000
Net income (loss) available to common shareholders		$ (73,393,000)	$ 40,322,000	$ (462,585,000)	$ 141,078,000
Net income (loss) per share available to common shareholders:
Basic (usd per share)		$ (0.37)	$ 0.22	$ (2.39)	$ 0.75
Diluted (usd per share)		$ (0.37)	$ 0.21	$ (2.39)	$ 0.75
Weighted average number of common shares outstanding:
Basic (shares)		199,282,790	187,153,007	193,150,696	187,132,842
Diluted (shares)		199,282,790	188,271,483	193,150,696	188,254,266

[1] Includes interest income of consolidated VIEs of $169,127 and $200,703 for the quarters ended June 30, 2020 and 2019, respectively and $343,809 and $407,814 for the six months ended June 30, 2020 and 2019, respectively. See Note 8 to consolidated financial statements for further discussion.

[2] Includes interest expense of consolidated VIEs of $70,816 and $87,529 for the quarters ended June 30, 2020 and 2019, respectively and $135,445 and $178,556 for the six months ended June 30, 2020 and 2019, respectively. See Note 8 to consolidated financial statements for further discussion.