CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets
Residential mortgage investments ($7.71 and $10.83 billion pledged at December 31, 2020 and 2019, respectively)	$ 7,937,552	$ 11,220,630
Cash collateral receivable from derivative counterparties	74,411	65,477
Derivatives at fair value		1,471
Cash and cash equivalents	257,180	105,397
Receivables and other assets	136,107	127,026
Total assets	8,405,250	11,520,001
Liabilities
Secured borrowings	7,319,083	10,274,498
Derivatives at fair value	41,484	29,156
Unsecured borrowings	98,493	98,392
Common stock dividend payable	15,281	14,605
Accounts payable and accrued expenses	20,746	29,617
Total liabilities	7,495,087	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 December 31, 2020 and 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 December 31, 2020 and 2019, respectively	965	946
Paid-in capital	1,268,439	1,252,481
Accumulated deficit	(651,071)	(444,039)
Accumulated other comprehensive income	40,884	13,399
Total stockholders' equity	910,163	1,073,733
Total liabilities and equity	$ 8,405,250	$ 11,520,001