MORTGAGE-BACKED SECURITIES (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021 and December 31, 2020:

(in thousands)

March 31, 2021

December 31, 2020

Pass-Through RMBS Certificates:

Fixed-rate Mortgages 

$

4,297,731

$

3,560,746

Fixed-rate CMOs

-

137,453

Total Pass-Through Certificates

4,297,731

3,698,199

Structured RMBS Certificates:

Interest-Only Securities

35,521

28,696

Inverse Interest-Only Securities

5,284

-

Total Structured RMBS Certificates

40,805

28,696

Total

$

4,338,536

$

3,726,895