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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Residential mortgage securities:    
MBS and CRT securities $ 3,983,519 $ 6,509,333
Residential whole loans, at carrying value ($4,847,782 and $1,645,372 pledged as collateral, respectively) [1] 6,066,345 3,016,715
Residential whole loans, at fair value ($794,684 and $738,638 pledged as collateral, respectively) [1] 1,381,583 1,665,978
Mortgage servicing rights (“MSR”) related assets ($1,217,002 and $611,807 pledged as collateral, respectively) 1,217,002 611,807
Cash and cash equivalents 70,629 51,965
Restricted cash 64,035 36,744
Other assets 784,251 527,785
Total Assets 13,567,364 12,420,327
Liabilities:    
Repurchase agreements 9,139,821 7,879,087
Other liabilities 1,043,591 1,125,139
Total Liabilities 10,183,412 9,004,226
Commitments and contingencies (See Note 10) 0 0
Stockholders’ Equity:    
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference) 80 80
Common stock, $.01 par value; 886,950 shares authorized; 452,369 and 449,787 shares issued and outstanding, respectively 4,524 4,498
Additional paid-in capital, in excess of par 3,640,341 3,623,275
Accumulated deficit (631,040) (632,040)
Accumulated other comprehensive income 370,047 420,288
Total Stockholders’ Equity 3,383,952 3,416,101
Total Liabilities and Stockholders’ Equity 13,567,364 12,420,327
Agency MBS    
Residential mortgage securities:    
MBS and CRT securities 1,664,582 2,698,213
Liabilities:    
Repurchase agreements 1,557,675 2,384,357
Non-Agency MBS    
Residential mortgage securities:    
MBS and CRT securities 2,063,529 3,318,299
CRT securities    
Residential mortgage securities:    
MBS and CRT securities 255,408 492,821
Liabilities:    
Repurchase agreements 203,569 391,586
Non-Agency MBS Transfered to Consolidated VIEs    
Residential mortgage securities:    
Residential whole loans, at carrying value ($4,847,782 and $1,645,372 pledged as collateral, respectively) 186,400 209,400
Residential whole loans, at fair value ($794,684 and $738,638 pledged as collateral, respectively) $ 567,400 $ 694,700
[1]
Includes approximately $186.4 million and $209.4 million of Residential whole loans, at carrying value and $567.4 million and $694.7 million of Residential whole loans, at fair value transferred to consolidated variable interest entities (“VIEs”) at December 31, 2019 and 2018, respectively. Such assets can be used only to settle the obligations of each respective VIE.