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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Residential whole loans, net ($6,164,293 and $5,305,349 held at fair value, respectively) [1],[2] $ 8,194,049 $ 7,913,000
Securities, at fair value [2] 227,407 256,685
Cash and cash equivalents 434,086 304,696
Restricted cash 167,310 99,751
Other assets [2] 496,994 565,556
Total Assets 9,519,846 9,139,688
Liabilities:    
Financing agreements ($4,397,470 and $3,266,773 held at fair value, respectively) 7,289,440 6,378,782
Other liabilities 196,475 218,058
Total Liabilities 7,485,915 6,596,840
Commitments and contingencies (See Note 9)
Stockholders’ Equity:    
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 101,797 and 108,138 shares issued and outstanding, respectively 1,018 1,082
Additional paid-in capital, in excess of par 3,681,784 3,775,482
Accumulated deficit (1,680,129) (1,279,484)
Accumulated other comprehensive income 31,068 45,578
Total Stockholders’ Equity 2,033,931 2,542,848
Total Liabilities and Stockholders’ Equity 9,519,846 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 $4.4 billion and $3.0 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at September 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.