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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2021
Stockholders' Equity Note [Abstract] |
Schedule of Preferred Stock Dividend Declaration and Payment | The following table presents cash dividends declared by the Company on its Series B Preferred Stock from January 1, 2021 through June 30, 2021:
Declaration Date |  | Record Date |  | Payment Date |  | Dividend Per Share
May 24, 2021 |  | June 7, 2021 |  | June 30, 2021 |  | $0.46875
February 19, 2021 |  | March 5, 2021 |  | March 31, 2021 |  | $0.46875
The following table presents cash dividends declared by the Company on its Series C Preferred Stock from January 1, 2021 through June 30, 2021:
Declaration Date |  | Record Date |  | Payment Date |  | Dividend Per Share
May 24, 2021 |  | June 7, 2021 |  | June 30, 2021 |  | $0.40625
February 19, 2021 |  | March 5, 2021 |  | March 31, 2021 |  | $0.40625
Schedule of Common Stock Dividend Declaration and Payment | The following table presents cash dividends declared by the Company on its common stock from January 1, 2021 through June 30, 2021:
Declaration Date |  | Record Date |  | Payment Date |  | Dividend Per Share |
June 15, 2021 |  | June 30, 2021 |  | July 30, 2021 |  | $0.100 | (1)
March 12, 2021 |  | March 31, 2021 |  | April 30, 2021 |  | $0.075 |
(1) At June 30, 2021, we had accrued dividends and dividend equivalents payable of $44.2 million related to the common stock dividend declared on June 15, 2021.
Schedule of changes in balances of each component of the entity's AOCI | The following table presents changes in the balances of each component of the Company’s AOCI for the three and six months ended June 30, 2021:
|  | Three Months Ended June 30, 2021 |  | Six Months Ended June 30, 2021
(In Thousands) |  | Net Unrealized Gain/(Loss) on AFS Securities |  | Net Gain/(Loss) on Swaps |  | Net Unrealized Gain/(Loss) on Financing Agreements (3) |  | Total AOCI |  | Net Unrealized Gain/(Loss) on AFS Securities |  | Net Gain/(Loss) on Swaps |  | Net Unrealized Gain/(Loss) on Financing Agreements (3) |  | Total AOCI
Balance at beginning of period |  | $ | 75,752 |  |  | $ | — |  |  | $ | (2,079) |  |  | $ | 73,673 |  |  | $ | 79,607 |  |  | $ | — |  |  | $ | (2,314) |  |  | $ | 77,293 |
OCI before reclassifications |  | (9,589) |  |  | — |  |  | 491 |  |  | (9,098) |  |  | (13,444) |  |  | — |  |  | 726 |  |  | (12,718) |
Amounts reclassified from AOCI (1) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net OCI during the period (2) |  | (9,589) |  |  | — |  |  | 491 |  |  | (9,098) |  |  | (13,444) |  |  | — |  |  | 726 |  |  | (12,718) |
Balance at end of period |  | $ | 66,163 |  |  | $ | — |  |  | $ | (1,588) |  |  | $ | 64,575 |  |  | $ | 66,163 |  |  | $ | — |  |  | $ | (1,588) |  |  | $ | 64,575 |
(1) See separate table below for details about these reclassifications. (2) For further information regarding changes in OCI, see the Company’s consolidated statements of comprehensive income/(loss). (3) Net Unrealized Gain/(Loss) on Financing Agreements at Fair Value due to changes in instrument-specific credit risk. The following table presents changes in the balances of each component of the Company’s AOCI for the three and six months ended June 30, 2020:
|  | Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2020
(In Thousands) |  | Net Unrealized Gain/(Loss) on AFS Securities |  | Net Gain/(Loss) on Swaps |  | Total AOCI |  | Net Unrealized Gain/(Loss) on AFS Securities |  | Net Gain/(Loss) on Swaps |  | Total AOCI
Balance at beginning of period |  | $ | 148,910 |  |  | $ | (71,208) |  |  | $ | 77,702 |  |  | $ | 392,722 |  |  | $ | (22,675) |  |  | $ | 370,047 |
OCI before reclassifications |  | 48,715 |  |  | — |  |  | 48,715 |  |  | 393,503 |  |  | (50,126) |  |  | 343,377 |
Amounts reclassified from AOCI (1) |  | (144,736) |  |  | 64,032 |  |  | (80,704) |  |  | (733,336) |  |  | 65,625 |  |  | (667,711) |
Net OCI during the period (2) |  | (96,021) |  |  | 64,032 |  |  | (31,989) |  |  | (339,833) |  |  | 15,499 |  |  | (324,334) |
Balance at end of period |  | $ | 52,889 |  |  | $ | (7,176) |  |  | $ | 45,713 |  |  | $ | 52,889 |  |  | $ | (7,176) |  |  | $ | 45,713 |
(1) See separate table below for details about these reclassifications. (2) For further information regarding changes in OCI, see the Company’s consolidated statements of comprehensive income/(loss).
Information about the significant amounts reclassified out of the entity's AOCI | The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the three and six months ended June 30, 2021:
|  | Three Months Ended June 30, 2021 |  | Six Months Ended June 30, 2021 |  |
Details about AOCI Components |  | Amounts Reclassified from AOCI |  | Affected Line Item in the Statement Where Net Income is Presented
(In Thousands) |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |
Realized gain on sale of securities |  | $ | — |  |  | $ | — |  |  | Net realized loss on sales of securities and residential whole loans
Impairment recognized in earnings |  | — |  |  | — |  |  | Other, net
Total AFS Securities |  | $ | — |  |  | $ | — |  |  |
Total reclassifications for period |  | $ | — |  |  | $ | — |  |  |
The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the three and six months ended June 30, 2020:
|  | Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2020 |  |
Details about AOCI Components |  | Amounts Reclassified from AOCI |  | Affected Line Item in the Statement Where Net Income is Presented
(In Thousands) |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |
Realized gain on sale of securities |  | $ | (144,736) |  |  | $ | (389,067) |  |  | Net realized loss on sales of securities and residential whole loans
Impairment recognized in earnings |  | — |  |  | (344,269) |  |  | Other, net
Total AFS Securities |  | $ | (144,736) |  |  | $ | (733,336) |  |  |
Swaps designated as cash flow hedges: |  |  |  |  |  |
Amortization of de-designated hedging instruments |  | 64,032 |  |  | 65,625 |  |  | Other, net
Total Swaps designated as cash flow hedges |  | 64,032 |  |  | 65,625 |  |  |
Total reclassifications for period |  | $ | (80,704) |  |  | $ | (667,711) |  |  |

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