MORTGAGE-BACKED SECURITIES

6 Months Ended

Jun. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Mortgage-Backed Securities

NOTE 2. MORTGAGE-BACKED SECURITIES

The following table presents the Company’s RMBS portfolio as of June 30, 2020 and December 31, 2019:

(in thousands)
		June 30, 2020		December 31, 2019
Pass-Through RMBS Certificates:
	Adjustable-rate Mortgages	$	957	$	1,014
	Fixed-rate Mortgages		3,105,028		3,206,013
	Fixed-rate CMOs		162,517		299,205
	Total Pass-Through Certificates		3,268,502		3,506,232
Structured RMBS Certificates:
	Interest-Only Securities		36,259		60,986
	Inverse Interest-Only Securities		-		23,703
	Total Structured RMBS Certificates		36,259		84,689
Total		$	3,304,761	$	3,590,921