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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Residential whole loans, net ($5,977,315 and $5,305,349 held at fair value, respectively) [1],[2] $ 8,190,581 $ 7,913,000
Securities, at fair value [2] 245,613 256,685
Cash and cash equivalents 385,598 304,696
Restricted cash 159,745 99,751
Other assets [2] 498,089 565,556
Total Assets 9,479,626 9,139,688
Liabilities:    
Financing agreements ($4,199,458 and $3,266,773 held at fair value, respectively) 7,132,366 6,378,782
Other liabilities 200,872 218,058
Total Liabilities 7,333,238 6,596,840
Commitments and contingencies (See Note 9)
Stockholders’ Equity:    
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 101,793 and 108,138 shares issued and outstanding, respectively 1,018 1,082
Additional paid-in capital, in excess of par 3,679,078 3,775,482
Accumulated deficit (1,570,817) (1,279,484)
Accumulated other comprehensive income 36,919 45,578
Total Stockholders’ Equity 2,146,388 2,542,848
Total Liabilities and Stockholders’ Equity 9,479,626 9,139,688
Series B Preferred Stock    
Stockholders’ Equity:    
Preferred stock 80 80
Series C Preferred Stock    
Stockholders’ Equity:    
Preferred stock $ 110 $ 110
[1] Includes approximately $3.9 billion and $3.0 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at June 30, 2022 and December 31, 2021, respectively. Such assets can be used only to settle the obligations of each respective VIE.
[2] See Note 6 for information regarding the Company’s pledged assets.