CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Residential mortgage investments ($11.57 and $12.98 billion pledged at December 31, 2018 and 2017, respectively)	$ 11,965,381	$ 13,454,098
Cash collateral receivable from interest rate swap counterparties	31,797	42,506
Cash and cash equivalents	60,289	103,907
Receivables and other assets	129,058	132,938
Total assets	12,186,525	13,733,449
Liabilities
Secured borrowings	10,979,362	12,331,060
Interest rate swap agreements at fair value	17,834	23,772
Unsecured borrowings	98,292	98,191
Common stock dividend payable	7,132	18,487
Accounts payable and accrued expenses	24,842	23,063
Total liabilities	11,127,462	12,494,573
Stockholders’ equity
Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 10,329 shares issued and outstanding ($258,226 aggregate liquidation preference) at December 31, 2018 and 2017	250,946	250,946
Common stock - $0.01 par value; 250,000 shares authorized: 85,277 and 95,698 shares issued and outstanding at December 31, 2018 and 2017, respectively	853	957
Paid-in capital	1,174,880	1,271,425
Accumulated deficit	(346,570)	(346,570)
Accumulated other comprehensive (loss) income	(21,046)	62,118
Total stockholders' equity	1,059,063	1,238,876
Total liabilities and equity	$ 12,186,525	$ 13,733,449