CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Mortgage-backed securities	$ 3,940,860	$ 6,511,095
U.S. Treasury Notes	36,302	37,175
Cash and cash equivalents	218,975	385,143
Restricted cash	64,396	65,299
Accrued interest receivable	13,932	18,859
Derivative Assets	198,484	50,786
Other assets	1,420	320
Total Assets	4,474,369	7,068,677
Liabilities
Outstanding repurchase obligations	3,758,980	6,244,106
Dividends Payable	7,960	11,530
Derivitive Liabilities	43,591	7,589
Accrued interest payable	3,940	788
Due to affiliates	1,138	1,062
Other Liabilities	152,398	35,505
Total Liabilities	3,968,007	6,300,580
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	1,763	1,770
Additional paid in capital	796,219	849,081
Accumulated deficit	(291,620)	(82,754)
Total Stockholders Equity	506,362	768,097
Total Liabilities and Stockholders Equity	$ 4,474,369	$ 7,068,677