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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Residential whole loans, net ($5,727,524 and $5,305,349 held at fair value, respectively) [1],[2] $ 7,518,739 $ 7,913,000
Securities, at fair value [2] 333,364 256,685
Cash and cash equivalents 334,183 304,696
Restricted cash 159,898 99,751
Other assets [2] 766,221 565,556
Total Assets 9,112,405 9,139,688
Liabilities:    
Financing agreements ($3,898,744 and $3,266,773 held at fair value, respectively) 6,812,086 6,378,782
Other liabilities 311,470 218,058
Total Liabilities 7,123,556 6,596,840
Commitments and contingencies (See Note 9)
Stockholders’ Equity:    
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 101,802 and 108,138 shares issued and outstanding, respectively 1,018 1,082
Additional paid-in capital, in excess of par 3,684,291 3,775,482
Accumulated deficit (1,717,991) (1,279,484)
Accumulated other comprehensive income 21,341 45,578
Total Stockholders’ Equity 1,988,849 2,542,848
Total Liabilities and Stockholders’ Equity 9,112,405 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 $4.0 billion and $3.0 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at December 31, 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.