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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Pledged assets included in cash and cash equivalents |  | $ 653,657 | $ 1,222,505 |
Preferred stock, par value (USD per share) |  | $ 0.01 | $ 0.01 |
Preferred stock authorized (shares) |  | 63,500,000 | 63,500,000 |
Preferred stock issued (shares) |  | 63,500,000 | 63,500,000 |
Preferred stock outstanding (shares) |  | 63,500,000 | 63,500,000 |
Common stock, par value (USD per share) |  | $ 0.01 | $ 0.01 |
Common stock authorized (shares) |  | 2,936,500,000 | 2,936,500,000 |
Common stock issued (shares) |  | 1,609,215,497 | 1,459,736,258 |
Common stock outstanding (shares) |  | 1,609,215,497 | 1,459,736,258 |
Mortgage-backed securities | [1] | $ 59,042,734 | $ 63,655,674 | [2]
Asset Pledged as Collateral without Right |  |  |  |
Pledged assets included in loans, net |  | 1,631,103 | 2,462,776 |
Consolidated VIEs |  |  |  |
Cash and cash equivalents |  | 2,400 | 16,200 |
Agency Mortgage-Backed Securities |  |  |  |
Pledged assets |  | 53,145,730 | 56,675,447 |
Agency Mortgage-Backed Securities | Consolidated VIEs |  |  |  |
Mortgage-backed securities |  | 30,100 | 44,200 |
Non-Agency Mortgage-Backed Securities | Consolidated VIEs |  |  |  |
Mortgage-backed securities |  | 971,900 | 350,400 |
Residential Mortgage Loans |  |  |  |
Loans held-for-sale |  | $ 1,500 | $ 2,300 |
[1] | (3)Excludes $30.1 million and $44.2 million at June 30, 2022 and December 31, 2021, respectively, of Agency mortgage-backed securities and $971.9 million and $350.4 million at June 30, 2022 and December 31, 2021, respectively, of non-Agency mortgage-backed securities in consolidated VIEs pledged as collateral and eliminated from the Company’s Consolidated Statements of Financial Condition.
[2] | (1)Derived from the audited consolidated financial statements at December 31, 2021.

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