CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income
Residential mortgage investments		$ 20,776	$ 48,111	$ 46,941	$ 117,318
Other		12	28	25	431
Interest income		20,788	48,139	46,966	117,749
Interest expense
Secured borrowings		(2,826)	(13,039)	(6,998)	(58,295)
Unsecured borrowings		(1,900)	(1,900)	(3,791)	(3,800)
Interest expense		(4,726)	(14,939)	(10,789)	(62,095)
Net interest income (expense)		16,062	33,200	36,177	55,654
Other (expense) income
Gain (loss) on derivative instruments (net)	[1]	2,100	(6,948)	4,482	(162,687)
Loss on sale of investments (net)					(67,820)
Compensation-related expense		(1,861)	(2,330)	(3,953)	(4,534)
Other general and administrative expense		(772)	(1,219)	(2,237)	(2,421)
Miscellaneous other revenue (expense)			1	2	(141)
Operating expenses		(533)	(10,496)	(1,706)	(237,603)
Net income (loss)		15,529	22,704	34,471	(181,949)
Less preferred stock dividends		(4,842)	(4,842)	(9,684)	(9,684)
Net income (loss) to common stockholders		$ 10,687	$ 17,862	$ 24,787	$ (191,633)
Net income (loss) per common share
Basic and diluted		$ 0.11	$ 0.19	$ 0.26	$ (2.01)
Weighted average common shares outstanding:
Basic		95,995	95,655	95,945	95,276
Diluted		96,454	95,887	96,342	95,276

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