CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Mortgage-backed securities	$ 4,580,594	$ 6,511,095
U.S. Treasury Notes	36,477	37,175
Cash and cash equivalents	297,246	385,143
Restricted cash	130,199	65,299
Accrued interest receivable	14,853	18,859
Derivative Assets	126,910	50,786
Other assets	1,153	320
Total Assets	5,187,432	7,068,677
Liabilities
Outstanding repurchase obligations	4,464,109	6,244,106
Dividends Payable	7,996	11,530
Derivitive Liabilities	25,535	7,589
Accrued interest payable	1,018	788
Due to affiliates	1,066	1,062
Other Liabilities	95,290	35,505
Total Liabilities	4,595,014	6,300,580
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	1,771	1,770
Additional paid in capital	822,128	849,081
Accumulated deficit	(231,481)	(82,754)
Total Stockholders Equity	592,418	768,097
Total Liabilities and Stockholders Equity	$ 5,187,432	$ 7,068,677