CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Interest income:
Residential mortgage investments		$ 69,228	$ 83,807
Other		399	422
Interest income		69,627	84,229
Interest expense:
Secured borrowings		(45,273)	(63,779)
Unsecured borrowings		(1,900)	(1,891)
Interest expense		(47,173)	(65,670)
Net interest income (expense)		22,454	18,559
Other expense:
Loss on derivative instruments (net)	[1]	(155,739)	(21,657)
Loss on sale of investments		(67,820)
Compensation-related expense		(2,204)	(3,609)
Other general and administrative expense		(1,202)	(1,128)
Miscellaneous other (expense) revenue		(142)	89
Operating expenses		(227,107)	(26,305)
Net loss		(204,653)	(7,746)
Less preferred stock dividends		(4,842)	(4,842)
Net loss to common stockholders		$ (209,495)	$ (12,588)
Weighted average common shares outstanding:
Basic and diluted		94,897	84,894

[1] (c) Included in “Loss on derivative instruments (net)” on the face of the Consolidated Statement of Operations.