Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest Income:
Agency Securities, net of amortization of premium and fees		$ 25,188	$ 102,134	$ 128,612	$ 295,405
Total Interest Income		25,730	115,899	147,139	339,050
Interest expense- repurchase agreements		(2,954)	(80,293)	(59,863)	(228,775)
Interest expense- U.S. Treasury Securities sold short		0	0	(32)	0
Net Interest Income		22,776	35,606	87,244	110,275
Other Income (Loss):
Realized gain on sale of available for sale Agency Securities (reclassified from Other comprehensive income (loss))		9,468	4,569	138,802	1,615
Credit loss expense		0	0	(1,012)	0
Gain on Agency Securities, trading		12,149	0	20,060	0
Loss on short sale of U.S. Treasury Securities		0	0	(414)	0
Subtotal		14,984	(5,009)	(10,348)	(22,283)
Realized gain (loss) on derivatives	[1]	20,866	(85,076)	(394,850)	(200,198)
Unrealized gain (loss) on derivatives		6,866	3,845	46,304	(216,526)
Subtotal		27,732	(81,231)	(348,546)	(416,724)
Total Other Income (Loss)		42,716	(86,240)	(358,894)	(439,007)
Expenses:
Management fees		7,393	7,418	22,234	22,162
Professional fees		559	922	3,058	2,869
Insurance		183	183	549	531
Compensation		1,387	1,094	4,210	2,877
Other		537	704	724	1,415
Total Expenses		10,059	10,321	30,775	29,854
Less management fees waived		(2,953)	0	(5,900)	0
Total Expenses after fees waived		7,106	10,321	24,875	29,854
Net Income (Loss)		58,386	(60,955)	(296,525)	(358,586)
Dividends on preferred stock		(2,320)	(3,410)	(7,467)	(11,943)
Net Income (Loss) available (related) to common stockholders		$ 56,066	$ (64,365)	$ (303,992)	$ (370,529)
Net Income (Loss) per share available (related) to common stockholders (Note 12):
Basic (in dollars per share)		$ 0.87	$ (1.09)	$ (4.87)	$ (6.45)
Diluted (in dollars per share)		0.86	(1.09)	(4.87)	(6.45)
Dividends declared per common share (in dollars per share)		$ 0.30	$ 0.51	$ 0.90	$ 1.65
Weighted average common shares outstanding:
Basic (in shares)		64,724	59,077	62,458	57,473
Diluted (in shares)		65,272	59,077	62,458	57,473
Credit Risk and Non-Agency Securities
Interest Income:
Interest income, trading		$ 518	$ 13,158	$ 17,746	$ 40,134
Other Income (Loss):
Gain (loss) on securities		(6,633)	(8,842)	(189,555)	(26,045)
Interest-Only Securities
Interest Income:
Interest income, trading		0	0	0	596
Other Income (Loss):
Gain (loss) on securities		0	0	0	123
U.S. Treasury Securities
Interest Income:
Interest income, trading		0	128	469	1,353
Other Income (Loss):
Gain (loss) on securities		0	(736)	21,771	2,024
BUCKLER Subordinated loan
Interest Income:
Interest income, trading		$ 24	$ 479	$ 312	$ 1,562

[1] Interest expense related to our interest rate swap contracts is recorded in realized loss on derivatives on the consolidated statements of operations. For additional information, see financial statement Note 8.