Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets:
Cash and cash equivalents	$ 10,342	$ 31,331
Restricted cash	33,229	52,948
Residential Whole Loans, at fair value ($1,309,795 and $1,375,860 pledged as collateral, at fair value, respectively)	1,309,795	1,375,860
Residential Bridge Loans ($26,050 and $33,269 at fair value and $27,571 and $34,897 pledged as collateral, respectively)	28,634	36,419
Securitized commercial loans, at fair value	477,131	909,040
Commercial Loans, at fair value ($320,308 and $350,213 pledged as collateral, at fair value, respectively)	320,308	370,213
Receivable under reverse repurchase agreements	24,826	0
Investment related receivable ($41,214 and $0 pledged as collateral, respectively)	72,826	19,931
Interest receivable	14,805	19,413
Due from counterparties	117,670	98,947
Derivative assets, at fair value	33,675	5,111
Other assets	5,697	4,509
Total assets	3,203,583	5,160,971
Liabilities:
Repurchase agreements, net	1,553,715	2,824,801
Convertible senior unsecured notes, net	197,984	197,299
Securitized debt, net ($396,824 and $681,643 at fair value and $53,527 and $142,905 held by affiliates, respectively)	1,139,121	1,477,454
Interest payable (includes $536 and $647 on securitized debt held by affiliates, respectively)	6,429	15,001
Due to counterparties	24,811	709
Derivative liability, at fair value	43,967	6,370
Accounts payable and accrued expenses	6,307	3,188
Payable to affiliate	3,237	2,148
Dividend payable	0	16,592
Other liabilities	45,779	52,948
Total liabilities	3,021,350	4,596,510
Commitments and contingencies
Stockholders’ Equity:
Common stock: $0.01 par value, 500,000,000 shares authorized, 53,423,876 and 53,523,876 outstanding, respectively	535	535
Preferred stock, $0.01 par value, 100,000,000 shares authorized and no shares outstanding	0	0
Treasury stock, at cost, 100,000 and 0 shares held, respectively	(578)	0
Additional paid-in capital	889,392	889,227
Retained earnings (accumulated deficit)	(707,158)	(325,301)
Total Stockholders’ Equity	182,191	564,461
Non-controlling interest	42	0
Total Equity	182,233	564,461
Total Liabilities and Equity	3,203,583	5,160,971
VIE
Assets:
Cash and cash equivalents	4,542	7,589
Restricted cash	33,229	52,948
Residential Whole Loans, at fair value ($1,309,795 and $1,375,860 pledged as collateral, at fair value, respectively)	1,309,795	1,375,860
Securitized commercial loans, at fair value	477,131	909,040
Commercial Loans, at fair value ($320,308 and $350,213 pledged as collateral, at fair value, respectively)	71,684	90,788
Investment related receivable ($41,214 and $0 pledged as collateral, respectively)	24,738	19,138
Interest receivable	10,226	10,829
Other assets	101	90
Total assets	1,959,017	2,501,179
Liabilities:
Securitized debt, net ($396,824 and $681,643 at fair value and $53,527 and $142,905 held by affiliates, respectively)	1,139,121	1,477,454
Interest payable (includes $536 and $647 on securitized debt held by affiliates, respectively)	3,215	3,886
Accounts payable and accrued expenses	128	185
Other liabilities	33,229	52,948
Total liabilities	1,175,693	1,534,473
Agency MBS
Assets:
Securities, at fair value	430,628	1,795,255
Non-Agency MBS
Assets:
Securities, at fair value	276,606	361,833
Other securities
Assets:
Securities, at fair value	$ 47,411	$ 80,161

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

Name:	us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.