Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS:
Mortgage-backed securities, at fair value (includes pledged assets of $6,506,372 and $3,719,906, respectively)	$ 3,540,002	$ 6,511,095
U.S. Treasury Notes, at fair value (includes pledged assets of $29,740 and $0, respectively)	36,382	37,175
Cash and cash equivalents	205,651	385,143
Restricted cash	31,568	65,299
Accrued interest receivable	11,519	18,859
Derivative assets	40,172	50,786
Other assets	442	320
Total Assets	3,865,736	7,068,677
LIABILITIES:
Repurchase agreements	3,378,445	6,244,106
Dividends payable	5,908	11,530
Derivative liabilities	7,161	7,589
Accrued interest payable	9,209	788
Due to affiliates	1,131	1,062
Other liabilities	25,119	35,505
Total Liabilities	3,426,973	6,300,580
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding as of December 31, 2022 and December 31, 2021	0	0
Common Stock, $0.01 par value; 100,000,000 shares authorized, 36,764,983 shares issued and outstanding as of December 31, 2022 and 35,398,610 shares issued and outstanding as of December 31, 2021	368	354
Additional paid-in capital	779,602	850,497
Accumulated deficit	(341,207)	(82,754)
Total Stockholders' Equity	438,763	768,097
Total Liabilities and Stockholders' Equity	$ 3,865,736	$ 7,068,677