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Net Interest Income
 6 Months Ended
Jun. 30, 2021
Banking and Thrift, Interest [Abstract]  
Net Interest Income Net Interest Income
The following table details the components of the Company's interest income and interest expense for the three and six months ended June 30, 2021 and 2020, respectively (dollar amounts in thousands):
For the Three Months Ended June 30,For the Six Months Ended June 30,
2021202020212020
Interest income
Residential loans
Residential loans$20,155 $17,471 $39,816 $39,153 
Consolidated SLST10,479 11,522 20,797 23,646 
Residential loans held in securitization trusts9,933 427 17,901 921 
Total residential loans40,567 29,420 78,514 63,720 
Multi-family loans
Preferred equity and mezzanine loan investments4,130 5,202 8,531 10,575 
Consolidated K-Series— — — 151,841 
Total multi-family loans4,130 5,202 8,531 162,416 
Investment securities available for sale7,475 13,269 15,150 32,026 
Other14 79 30 421 
Total interest income52,186 47,970 102,225 258,583 
Interest expense
Repurchase agreements3,733 7,366 7,773 28,112 
Collateralized debt obligations
Consolidated SLST7,151 8,158 14,254 16,693 
Consolidated K-Series— — — 129,762 
Residential loan securitizations5,015 130 9,735 367 
Non-Agency RMBS re-securitization— 469 283 469 
Total collateralized debt obligations12,166 8,757 24,272 147,291 
Convertible notes2,788 2,739 5,572 5,474 
Senior unsecured notes1,136 — 1,136 — 
Subordinated debentures459 582 916 1,231 
Derivatives— — — 868 
Other429 — 741 — 
Total interest expense20,711 19,444 40,410 182,976 
Net interest income$31,475 $28,526 $61,815 $75,607