MORTGAGE-BACKED SECURITIES (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2021 and December 31, 2020:

(in thousands)

September 30, 2021

December 31, 2020

Pass-Through RMBS Certificates:

Fixed-rate Mortgages 

$

5,458,562

$

3,560,746

Fixed-rate CMOs

-

137,453

Total Pass-Through Certificates

5,458,562

3,698,199

Structured RMBS Certificates:

Interest-Only Securities

140,078

28,696

Inverse Interest-Only Securities

2,783

-

Total Structured RMBS Certificates

142,861

28,696

Total

$

5,601,423

$

3,726,895