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MORTGAGE-BACKED SECURITIES (Tables) - Residential Mortgage Backed Securities [Member]
 6 Months Ended
Jun. 30, 2022
Mortgage Backed Securities [Line Items]  
Schedule of RMBS portfolio
The following
 
table presents
 
the Company’s
 
RMBS portfolio
 
as of June
 
30, 2022
 
and December
 
31, 2021:
(in thousands)
June 30, 2022
December 31, 2021
Pass-Through RMBS Certificates:
Fixed-rate Mortgages
 
$
3,766,151
$
6,298,189
Total Pass-Through
 
Certificates
3,766,151
6,298,189
Structured RMBS Certificates:
Interest-Only Securities
173,754
210,382
Inverse Interest-Only Securities
955
2,524
Total Structured
 
RMBS Certificates
174,709
212,906
Total
$
3,940,860
$
6,511,095
Gain (Loss) on Securities [Table Text Block]
The following
 
table is a
 
summary of
 
the Company’s
 
net gain
 
(loss) from
 
the sale of
 
RMBS for
 
the
 
six months
 
ended June
 
30, 2022
and 2021.
Six Months Ended June 30,
2022
2021
Proceeds from sales of RMBS
$
1,934,606
$
1,680,903
Carrying value of RMBS sold
(2,001,135)
(1,686,948)
Net (loss) gain on sales of RMBS
$
(66,529)
$
(6,045)
Gross gain on sales of RMBS
$
2,705
$
4,890
Gross loss on sales of RMBS
(69,234)
(10,935)
Net (loss) gain on sales of RMBS
$
(66,529)
$
(6,045)