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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Residential whole loans, net ($7,653,907 and $7,511,508 held at fair value, respectively) [1],[2] $ 9,118,665 $ 9,041,292
Securities, at fair value [2] 736,950 746,090
Cash and cash equivalents 306,266 318,000
Restricted cash 222,905 170,211
Other assets [2] 489,344 497,097
Total Assets 10,874,130 10,772,690
Liabilities:    
Financing agreements ($4,641,438 and $4,633,660 held at fair value, respectively) 8,685,916 8,536,745
Other liabilities 304,027 336,030
Total Liabilities 8,989,943 8,872,775
Commitments and contingencies (See Note 9)
Stockholders’ Equity:    
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 102,082 and 101,916 shares issued and outstanding, respectively 1,021 1,019
Additional paid-in capital, in excess of par 3,703,242 3,698,767
Accumulated deficit (1,839,792) (1,817,759)
Accumulated other comprehensive income 19,526 17,698
Total Stockholders’ Equity 1,884,187 1,899,915
Total Liabilities and Stockholders’ Equity 10,874,130 10,772,690
Series B Preferred Stock    
Stockholders’ Equity:    
Preferred stock 80 80
Series C Preferred Stock    
Stockholders’ Equity:    
Preferred stock $ 110 $ 110
[1] Includes approximately $5.7 billion and $5.7 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at March 31, 2024 and December 31, 2023, 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.