CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Residential mortgage investments ($10.83 and $11.57 billion pledged at December 31, 2019 and 2018, respectively)	$ 11,222,182	$ 11,965,381
Cash collateral receivable from derivative counterparties	65,477	31,797
Derivatives at fair value	1,471
Cash and cash equivalents	105,397	60,289
Receivables and other assets	125,474	129,058
Total assets	11,520,001	12,186,525
Liabilities
Secured borrowings	10,275,413	10,979,362
Derivatives at fair value	29,156	17,834
Unsecured borrowings	98,392	98,292
Common stock dividend payable	14,605	7,132
Accounts payable and accrued expenses	28,702	24,842
Total liabilities	10,446,268	11,127,462
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, 2019 and 2018	250,946	250,946
Common stock - $0.01 par value; 250,000 shares authorized: 94,606 and 85,277 shares issued and outstanding at December 31, 2019 and 2018, respectively	946	853
Paid-in capital	1,252,481	1,174,880
Accumulated deficit	(444,039)	(346,570)
Accumulated other comprehensive income (loss)	13,399	(21,046)
Total stockholders' equity	1,073,733	1,059,063
Total liabilities and equity	$ 11,520,001	$ 12,186,525