Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Assets:
Cash and cash equivalents		$ 15,878	$ 40,193
Restricted cash		257	260
Residential whole loans, at fair value ($1,195,853 and $1,023,502 pledged as collateral, at fair value, respectively)		1,195,853	1,023,502
Residential bridge loans, at fair value ($5,095 and $5,207 pledged as collateral, at fair value, respectively)		5,095	5,428
Securitized commercial loans, at fair value		1,243,371	1,355,808
Commercial loans, at fair value ($101,487 and $101,459 pledged as collateral, at fair value, respectively)		128,421	130,572
Investment related receivable		11,952	22,133
Interest receivable		12,538	11,823
Due from counterparties		5,789	4,565
Derivative assets, at fair value		1,748	105
Other assets		3,734	45,364
Total assets	[1]	2,791,249	2,825,700
Liabilities:
Repurchase agreements, net		555,076	617,189
Convertible senior unsecured notes, net		109,661	119,168
Securitized debt, net ($1,574,468 and $1,344,370 at fair value and $164,264 and $180,116 held by affiliates, respectively)		1,962,787	1,863,488
Interest payable (includes $699 and $699 on securitized debt held by affiliates, respectively)		10,740	10,272
Due to counterparties		360	0
Derivative liability, at fair value		1,872	602
Accounts payable and accrued expenses		3,585	4,842
Payable to affiliate		3,978	1,925
Dividend payable		2,415	3,623
Other liabilities		437	262
Total liabilities	[2]	2,650,911	2,621,371
Commitments and contingencies (Note 15)
Stockholders’ Equity:
Common stock: $0.01 par value, 50,000,000 shares authorized, 6,038,010 and 6,038,010 outstanding, respectively		60	60
Preferred stock, $0.01 par value, 100,000,000 shares authorized and no shares outstanding		0	0
Treasury stock, at cost, 57,981 and 57,981 shares held, respectively		(1,665)	(1,665)
Additional paid-in capital	[3]	918,974	918,695
Retained earnings (accumulated deficit)		(777,095)	(723,981)
Total Stockholders’ Equity		140,274	193,109
Non-controlling interest		64	11,220
Total Equity		140,338	204,329
Total Liabilities and Equity		2,791,249	2,825,700
Subtotal Agency MBS
Assets:
Securities, at fair value		785	1,172
Non-Agency MBS
Assets:
Securities, at fair value		125,294	133,127
Other securities
Assets:
Securities, at fair value		$ 40,534	$ 51,648

[1] June 30,
2022December 31, 2021 (1) Assets of consolidated VIEs included in the total assets above:   Cash and cash equivalents$— $266 Restricted cash257 260  Residential whole loans, at fair value ($1,195,853 and $1,023,502 pledged as collateral, at fair value, respectively) 1,195,853 1,023,502  Residential bridge loans, at fair value ($5,095 and $5,207 pledged as collateral, at fair value, respectively) 5,095 5,207 Securitized commercial loans, at fair value1,243,371 1,355,808  Commercial loans, at fair value ($14,398 and $14,362 pledged as collateral, at fair value, respectively) 14,398 14,362 Investment related receivable11,906 22,087 Interest receivable11,506 10,572 Total assets of consolidated VIEs$2,482,386 $2,432,064  (2) Liabilities of consolidated VIEs included in the total liabilities above:    Securitized debt, net ($1,574,468 and $1,344,370 at fair value and $164,264 and $180,116 held by affiliates, respectively) $1,962,787 $1,863,488  Interest payable (includes $699 and $699 on securitized debt held by affiliates, respectively) 6,901 6,480 Accounts payable and accrued expenses70 78 Other liabilities257 260 Total liabilities of consolidated VIEs$1,970,015 $1,870,306  (3)     Amounts have been adjusted to reflect the one-for-ten reverse stock split effected July 11, 2022. See Note 2 and Note 12 for additional details.

[2] June 30,
2022December 31, 2021 (1) Assets of consolidated VIEs included in the total assets above:   Cash and cash equivalents$— $266 Restricted cash257 260  Residential whole loans, at fair value ($1,195,853 and $1,023,502 pledged as collateral, at fair value, respectively) 1,195,853 1,023,502  Residential bridge loans, at fair value ($5,095 and $5,207 pledged as collateral, at fair value, respectively) 5,095 5,207 Securitized commercial loans, at fair value1,243,371 1,355,808  Commercial loans, at fair value ($14,398 and $14,362 pledged as collateral, at fair value, respectively) 14,398 14,362 Investment related receivable11,906 22,087 Interest receivable11,506 10,572 Total assets of consolidated VIEs$2,482,386 $2,432,064  (2) Liabilities of consolidated VIEs included in the total liabilities above:    Securitized debt, net ($1,574,468 and $1,344,370 at fair value and $164,264 and $180,116 held by affiliates, respectively) $1,962,787 $1,863,488  Interest payable (includes $699 and $699 on securitized debt held by affiliates, respectively) 6,901 6,480 Accounts payable and accrued expenses70 78 Other liabilities257 260 Total liabilities of consolidated VIEs$1,970,015 $1,870,306  (3)     Amounts have been adjusted to reflect the one-for-ten reverse stock split effected July 11, 2022. See Note 2 and Note 12 for additional details.

[3] Amounts have been adjusted to reflect the one-for-ten reverse stock split effected July 11, 2022. See Note 2 and Note 12 for additional details