MORTGAGE-BACKED SECURITIES

12 Months Ended

Dec. 31, 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 December 31, 2020 and December 31, 2019:

(in thousands)
		December 31, 2020		December 31, 2019
Pass-Through RMBS Certificates:
	Adjustable-rate Mortgages	$	-	$	1,014
	Fixed-rate Mortgages		3,560,746		3,206,013
	Fixed-rate CMOs		137,453		299,205
	Total Pass-Through Certificates		3,698,199		3,506,232
Structured RMBS Certificates:
	Interest-Only Securities		28,696		60,986
	Inverse Interest-Only Securities		-		23,703
	Total Structured RMBS Certificates		28,696		84,689
Total		$	3,726,895	$	3,590,921