CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest Income
Residential loans	$ 57,874	$ 65,203
Business purpose loans	97,296	94,299
Consolidated Agency multifamily loans	4,618	4,753
Real estate securities	6,428	15,955
Other interest income	12,300	9,190
Total interest income	178,516	189,400
Interest Expense
Short-term debt	(31,828)	(11,488)
Asset-backed securities issued	(87,465)	(105,695)
Long-term debt	(32,786)	(19,115)
Total interest expense	(152,079)	(136,298)
Net Interest Income	26,437	53,102
Non-interest Income
Mortgage banking activities, net	16,671	16,315
Investment fair value changes, net	(127)	(6,120)
Other income, net	4,556	5,983
Realized gains (losses), net	(2)	2,581
Total non-interest income, net	21,098	18,759
General and administrative expenses	(35,555)	(33,276)
Portfolio management costs	(3,510)	(1,578)
Loan acquisition costs	(1,289)	(4,465)
Other expenses	(3,684)	(4,085)
Net Income before Benefit from Income Taxes	3,497	28,457
Benefit from income taxes	1,123	2,458
Net Income	4,620	30,915
Dividends on preferred stock	(1,419)	0
Net income available to common stockholders	$ 3,201	$ 30,915
Net income available to common stockholders - Basic (in dollars per share)	$ 0.02	$ 0.25
Net income available to common stockholders - Diluted (in dollars per share)	$ 0.02	$ 0.24
Basic weighted average common shares outstanding (in shares)	113,678,911	119,884,172
Diluted weighted average common shares outstanding (in shares)	114,134,556	140,506,157