MORTGAGE-BACKED SECURITIES (Tables)

3 Months Ended

Mar. 31, 2020

Residential Mortgage Backed Securities [Member]

Mortgage Backed Securities [Line Items]

Schedule of RMBS portfolio

The following table presents the Company’s RMBS portfolio as of March 31, 2020 and December 31, 2019:

(in thousands)
		March 31, 2020		December 31, 2019
Pass-Through RMBS Certificates:
	Adjustable-rate Mortgages	$	984	$	1,014
	Fixed-rate Mortgages		2,734,310		3,206,013
	Fixed-rate CMOs		173,409		299,205
	Total Pass-Through Certificates		2,908,703		3,506,232
Structured RMBS Certificates:
	Interest-Only Securities		40,094		60,986
	Inverse Interest-Only Securities		-		23,703
	Total Structured RMBS Certificates		40,094		84,689
Total		$	2,948,797	$	3,590,921