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MORTGAGE-BACKED SECURITIES (Tables) - Residential Mortgage Backed Securities [Member]
 3 Months Ended
Mar. 31, 2022
Mortgage Backed Securities [Line Items]  
Schedule of RMBS portfolio
The following
 
table presents
 
the Company’s
 
RMBS portfolio
 
as of March
 
31, 2022
 
and December
 
31, 2021:
(in thousands)
March 31, 2022
December 31, 2021
Pass-Through RMBS Certificates:
Fixed-rate Mortgages
 
$
4,372,517
$
6,298,189
Total Pass-Through
 
Certificates
4,372,517
6,298,189
Structured RMBS Certificates:
Interest-Only Securities
206,617
210,382
Inverse Interest-Only Securities
1,460
2,524
Total Structured
 
RMBS Certificates
208,077
212,906
Total
$
4,580,594
$
6,511,095
Gain (Loss) on Securities [Table Text Block]
The following
 
table is a
 
summary of
 
our net gain
 
(loss) from
 
the sale of
 
RMBS for
 
the three
 
months ended
 
March 31,
 
2022 and
 
2021.
Three Months Ended March 31,
2022
2021
Proceeds from sales of RMBS
$
1,413,039
$
988,523
Carrying value of RMBS sold
(1,464,125)
(995,920)
Net (loss) gain on sales of RMBS
$
(51,086)
$
(7,397)
Gross gain on sales of RMBS
$
709
$
2,813
Gross loss on sales of RMBS
(51,795)
(10,210)
Net (loss) gain on sales of RMBS
$
(51,086)
$
(7,397)