CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Mortgage-backed securities, at fair value (including pledged securities of $7,326,175 and $7,614,935, respectively; net of allowance for credit losses of $1,768 as of December 31, 2020)	$ 7,804,259	$ 8,172,182
Cash and cash equivalents	357,134	148,011
Restricted cash	219,918	244,573
Due from counterparties	7,985	1,078
Investment related receivable	16,766	15,840
Derivative assets, at fair value	270	10,004
Other assets	37,509	41,163
Total assets	8,443,841	8,632,851
Liabilities:
Repurchase agreements	6,987,834	7,228,699
Derivative liabilities, at fair value	14,356	6,344
Dividends payable	29,689	18,970
Investment related payable	0	274
Accrued interest payable	1,171	823
Collateral held payable	280	3,546
Accounts payable and accrued expenses	1,887	1,448
Due to affiliate	6,489	5,589
Total liabilities	7,041,706	7,265,693
Commitments and contingencies
Stockholders' equity:
Common Stock, par value $0.01 per share; 450,000,000 shares authorized; 329,874,780 and 203,222,108 shares issued and outstanding, respectively	3,299	2,032
Additional paid in capital	3,816,406	3,387,552
Accumulated other comprehensive income	37,286	58,605
Retained earnings (distributions in excess of earnings)	(2,882,824)	(2,644,355)
Total stockholders’ equity	1,402,135	1,367,158
Total liabilities and stockholders' equity	8,443,841	8,632,851
Series A Preferred Stock
Stockholders' equity:
Preferred Stock, par value $0.01 per share; 50,000,000 shares authorized:	0	135,356
Series B Preferred Stock
Stockholders' equity:
Preferred Stock, par value $0.01 per share; 50,000,000 shares authorized:	149,860	149,860
Series C Preferred Stock
Stockholders' equity:
Preferred Stock, par value $0.01 per share; 50,000,000 shares authorized:	$ 278,108	$ 278,108