CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Mortgage-backed securities	$ 3,201,214	$ 6,511,095
U.S. Treasury Notes	36,118	37,175
Cash and cash equivalents	214,183	385,143
Restricted cash	66,769	65,299
Accrued interest receivable	10,527	18,859
Derivative Assets	262,318	50,786
Receivable for securities sold, pledged to counterparties	13,684	0
Other assets	1,027	320
Total Assets	3,805,840	7,068,677
Liabilities
Outstanding repurchase obligations	3,133,861	6,244,106
Dividends Payable	5,636	11,530
Derivitive Liabilities	53,013	7,589
Accrued interest payable	4,424	788
Due to affiliates	1,075	1,062
Other Liabilities	207,454	35,505
Total Liabilities	3,405,463	6,300,580
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	351	354
Additional paid in capital	776,159	850,497
Accumulated deficit	(376,133)	(82,754)
Total Stockholders Equity	400,377	768,097
Total Liabilities and Stockholders Equity	$ 3,805,840	$ 7,068,677