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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Residential whole loans, net ($7,772,607 and $7,511,508 held at fair value, respectively) [1],[2] $ 9,027,371 $ 9,041,292
Securities, at fair value [2] 1,140,036 746,090
Cash and cash equivalents 305,560 318,000
Restricted cash 197,348 170,211
Other assets [2] 489,531 497,097
Total Assets 11,159,846 10,772,690
Liabilities:    
Financing agreements ($5,097,002 and $4,633,660 held at fair value, respectively) 8,922,502 8,536,745
Other liabilities 356,876 336,030
Total Liabilities 9,279,378 8,872,775
Commitments and contingencies (See Note 9)
Stockholders’ Equity:    
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 102,083 and 101,916 shares issued and outstanding, respectively 1,021 1,019
Additional paid-in capital, in excess of par 3,709,534 3,698,767
Accumulated deficit (1,840,399) (1,817,759)
Accumulated other comprehensive income 10,122 17,698
Total Stockholders’ Equity 1,880,468 1,899,915
Total Liabilities and Stockholders’ Equity 11,159,846 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 $6.3 billion and $5.7 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at September 30, 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.