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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents (includes pledged assets of $1,764,012 and $1,581,775, respectively) (2) [1] $ 1,982,311 $ 1,735,749 [2]
Securities (includes pledged assets of $113,624,573 and $87,193,316, respectively) (3) [3] 119,926,869 92,623,788 [2]
Loans, net (includes pledged assets of $2,614,982 and $2,997,051, respectively) (4) [4] 3,546,468 4,585,975 [2]
Mortgage servicing rights (includes pledged assets of $2,982 and $3,616, respectively) 425,328 557,813 [2]
Assets transferred or pledged to securitization vehicles 4,211,582 3,833,200 [2]
Real estate, net 733,196 739,473 [2]
Derivative assets 75,142 200,503 [2]
Reverse repurchase agreements 0 650,040 [2]
Receivable for unsettled trades 5,322 68,779 [2]
Interest receivable 440,940 357,365 [2]
Goodwill and intangible assets, net 96,591 100,854 [2]
Other assets 357,027 333,988 [2]
Total assets 131,800,776 105,787,527 [2]
Liabilities    
Repurchase agreements 105,181,241 81,115,874 [2]
Other secured financing 4,127,989 4,183,311 [2]
Debt issued by securitization vehicles 3,470,168 3,347,062 [2]
Mortgages payable 498,772 511,056 [2]
Derivative liabilities 1,043,197 889,750 [2]
Payable for unsettled trades 620,784 583,036 [2]
Interest payable 691,327 570,928 [2]
Dividends payable 364,066 394,129 [2]
Other liabilities 95,825 74,580 [2]
Total liabilities 116,093,369 91,669,726 [2]
Stockholders’ equity    
Cumulative redeemable preferred stock 2,110,346 1,778,168 [2]
Common stock, par value $0.01 per share, 2,907,850,000 and 1,924,050,000 authorized, 1,456,263,410 and 1,313,763,450 issued and outstanding, respectively 14,562 13,138 [2]
Additional paid-in capital 20,195,419 18,794,331 [2]
Accumulated other comprehensive income (loss) 1,365,003 (1,979,865) [2]
Accumulated deficit (7,982,649) (4,493,660) [2]
Total stockholders’ equity 15,702,681 14,112,112 [2]
Noncontrolling interests 4,726 5,689 [2]
Total equity 15,707,407 14,117,801 [2]
Total liabilities and equity 131,800,776 105,787,527 [2]
Consolidated VIEs    
Assets    
Cash and cash equivalents (includes pledged assets of $1,764,012 and $1,581,775, respectively) (2) 48,300 30,400
Consolidation, Eliminations | Consolidated VIEs    
Assets    
Securities (includes pledged assets of $113,624,573 and $87,193,316, respectively) (3) 168,000 224,300
Non-Agency Mortgage-backed Securities | Consolidated VIEs    
Assets    
Securities (includes pledged assets of $113,624,573 and $87,193,316, respectively) (3) 327,900 83,600
Residential Mortgage    
Assets    
Loans, net (includes pledged assets of $2,614,982 and $2,997,051, respectively) (4) 119,700 97,500
Total assets 1,100,000  
Commercial Mortgage Loan    
Assets    
Loans, net (includes pledged assets of $2,614,982 and $2,997,051, respectively) (4) 41,900 42,200
Corporate Loans    
Assets    
Loans, net (includes pledged assets of $2,614,982 and $2,997,051, respectively) (4) $ 26,900 $ 0
[1]
(2) 
Includes cash of consolidated Variable Interest Entities (“VIEs”) of $48.3 million and $30.4 million at June 30, 2019 and December 31, 2018, respectively.
[2]
(1) 
Derived from the audited consolidated financial statements at December 31, 2018.
[3]
(3) 
Excludes $327.9 million and $83.6 million at June 30, 2019 and December 31, 2018, respectively, of non-Agency mortgage-backed securities and $168.0 million and $224.3 million at June 30, 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 $119.7 million and $97.5 million of residential mortgage loans held for sale, $41.9 million and $42.2 million of commercial mortgage loans held for sale and $26.9 million and $0 of corporate loans held for sale at June 30, 2019 and December 31, 2018, respectively.