CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets
Residential mortgage investments ($8.06 and $10.83 billion pledged at September 30, 2020 and December 31, 2019, respectively)	$ 8,274,509	$ 11,222,182
Cash collateral receivable from derivative counterparties	93,329	65,477
Derivatives at fair value		1,471
Cash and cash equivalents	229,788	105,397
Receivables and other assets	141,414	125,474
Total assets	8,739,040	11,520,001
Liabilities
Secured borrowings	7,644,830	10,275,413
Derivatives at fair value	46,529	29,156
Unsecured borrowings	98,468	98,392
Common stock dividend payable	15,158	14,605
Accounts payable and accrued expenses	20,226	28,702
Total liabilities	7,825,211	10,446,268
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 September 30, 2020 and December 31, 2019	250,946	250,946
Common stock - $0.01 par value; 250,000 shares authorized: 96,481 and 94,606 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	965	946
Paid-in capital	1,267,672	1,252,481
Accumulated deficit	(655,008)	(444,039)
Accumulated other comprehensive income	49,254	13,399
Total stockholders' equity	913,829	1,073,733
Total liabilities and equity	$ 8,739,040	$ 11,520,001