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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Residential whole loans, net ($6,164,293 and $5,305,349 held at fair value, respectively) [1],[2] $ 7,794,250 $ 7,518,739
Securities, at fair value [2] 504,639 333,364
Cash and cash equivalents 362,452 334,183
Restricted cash 165,137 159,898
Other assets [2] 485,129 766,221
Total Assets 9,311,607 9,112,405
Liabilities:    
Financing agreements ($4,147,712 and $3,898,744 held at fair value, respectively) 7,101,318 6,812,086
Other liabilities 191,683 311,470
Total Liabilities 7,293,001 7,123,556
Commitments and contingencies (See Note 9)
Stockholders’ Equity:    
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 101,912 and 101,802 shares issued and outstanding, respectively 1,019 1,018
Additional paid-in capital, in excess of par 3,687,285 3,684,291
Accumulated deficit (1,690,113) (1,717,991)
Accumulated other comprehensive income 20,225 21,341
Total Stockholders’ Equity 2,018,606 1,988,849
Total Liabilities and Stockholders’ Equity 9,311,607 9,112,405
Series B Preferred Stock    
Stockholders’ Equity:    
Preferred stock 80 80
Series C Preferred Stock    
Stockholders’ Equity:    
Preferred stock $ 110 $ 110
[1] Includes approximately $4.6 billion and $4.0 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at March 31, 2023 and December 31, 2022, 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.