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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents (includes pledged assets of $1,338,507 and $1,581,775, respectively) (2) [1] $ 1,522,605 $ 1,735,749 [2]
Securities (includes pledged assets of $95,845,559 and $87,193,316, respectively) (3) [3] 104,993,271 92,623,788 [2]
Loans, net (includes pledged assets of $2,243,369 and $2,997,051, respectively) (4) [4] 3,879,324 4,585,975 [2]
Mortgage servicing rights (includes pledged assets of $3,260 and $3,616, respectively) 500,745 557,813 [2]
Assets transferred or pledged to securitization vehicles 4,365,300 3,833,200 [2]
Real estate, net 734,239 739,473 [2]
Derivative assets 148,178 200,503 [2]
Reverse repurchase agreements 523,449 650,040 [2]
Receivable for unsettled trades 1,574,251 68,779 [2]
Interest receivable 390,930 357,365 [2]
Goodwill and intangible assets, net 98,551 100,854 [2]
Other assets 441,706 333,988 [2]
Total assets 119,172,549 105,787,527 [2]
Liabilities    
Repurchase agreements 88,554,170 81,115,874 [2]
Other secured financing 4,144,623 4,183,311 [2]
Debt issued by securitization vehicles 3,693,766 3,347,062 [2]
Mortgages payable 510,386 511,056 [2]
Derivative liabilities 775,980 889,750 [2]
Payable for unsettled trades 4,763,376 583,036 [2]
Interest payable 424,391 570,928 [2]
Dividends payable 434,431 394,129 [2]
Other liabilities 89,982 74,580 [2]
Total liabilities 103,391,105 91,669,726 [2]
Stockholders’ equity    
Cumulative redeemable preferred stock 1,778,168 1,778,168 [2]
Common stock, par value $0.01 per share, 1,924,050,000 authorized, 1,448,103,248 and 1,313,763,450 issued and outstanding, respectively 14,481 13,138 [2]
Additional paid-in capital 20,112,875 18,794,331 [2]
Accumulated other comprehensive income (loss) (319,376) (1,979,865) [2]
Accumulated deficit (5,809,931) (4,493,660) [2]
Total stockholders’ equity 15,776,217 14,112,112 [2]
Noncontrolling interests 5,227 5,689 [2]
Total equity 15,781,444 14,117,801 [2]
Total liabilities and equity 119,172,549 105,787,527 [2]
7.625% Series C Cumulative Redeemable Preferred Stock    
Stockholders’ equity    
Cumulative redeemable preferred stock 169,466 169,466
7.50% Series D Cumulative Redeemable Preferred Stock    
Stockholders’ equity    
Cumulative redeemable preferred stock 445,457 445,457
6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock    
Stockholders’ equity    
Cumulative redeemable preferred stock 696,910 696,910
Agency mortgage-backed securities, at fair value    
Assets    
Securities (includes pledged assets of $95,845,559 and $87,193,316, respectively) (3) 103,093,526 90,752,995
Liabilities    
Repurchase agreements 86,939,320 78,482,373
Consolidated VIEs    
Assets    
Cash and cash equivalents (includes pledged assets of $1,338,507 and $1,581,775, respectively) (2) 40,700 30,400
Consolidated VIEs | Non-Agency Mortgage-backed Securities    
Assets    
Securities (includes pledged assets of $95,845,559 and $87,193,316, respectively) (3) 273,400 83,600
Consolidation, Eliminations | Consolidated VIEs    
Assets    
Securities (includes pledged assets of $95,845,559 and $87,193,316, respectively) (3) 246,600 224,300
Residential Mortgage    
Assets    
Loans, net (includes pledged assets of $2,243,369 and $2,997,051, respectively) (4) 101,300 97,500
Total assets 1,300,000  
Commercial Mortgage Loan    
Assets    
Loans, net (includes pledged assets of $2,243,369 and $2,997,051, respectively) (4) 42,000 42,200
Corporate Loans    
Assets    
Loans, net (includes pledged assets of $2,243,369 and $2,997,051, respectively) (4) $ 44,500 $ 0
[1] (2) Includes cash of consolidated Variable Interest Entities (“VIEs”) of $40.7 million and $30.4 million at March 31, 2019 and December 31, 2018, respectively.
[2] (1) Derived from the audited consolidated financial statements at December 31, 2018.
[3] (3) Excludes $273.4 million and $83.6 million at March 31, 2019 and December 31, 2018, respectively, of non-Agency mortgage-backed securities and $246.6 million and $224.3 million at March 31, 2019 and December 31, 2018, respectively, of commercial mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.
[4] (4) Includes $101.3 million and $97.5 million of residential mortgage loans held for sale, $42.0 million and $42.2 million of commercial mortgage loans held for sale and $44.5 million and $0 of corporate loans held for sale at March 31, 2019 and December 31, 2018, respectively.