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Net Interest Income
6 Months Ended
Jun. 30, 2022
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, 2022 and 2021, respectively (dollar amounts in thousands):

For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
2022202120222021
Interest income
Residential loans
Residential loans$32,669 $20,155 $57,502 $39,816 
Consolidated SLST9,254 10,479 18,635 20,797 
Residential loans held in securitization trusts18,853 9,933 35,486 17,901 
Total residential loans60,776 40,567 111,623 78,514 
Multi-family loans2,834 4,130 5,785 8,531 
Investment securities available for sale4,331 7,475 9,006 15,150 
Other79 14 107 30 
Total interest income68,020 52,186 126,521 102,225 
Interest expense.
Repurchase agreements11,647 3,732 17,178 7,774 
Collateralized debt obligations
Consolidated SLST6,208 7,151 12,186 14,254 
Residential loan securitizations8,728 5,015 16,185 9,735 
Non-Agency RMBS re-securitization— — — 283 
Total collateralized debt obligations14,936 12,166 28,371 24,272 
Convertible notes— 2,788 438 5,572 
Senior unsecured notes1,607 1,136 3,210 1,136 
Subordinated debentures550 459 1,008 916 
Mortgages payable on real estate13,151 430 20,308 740 
Total interest expense41,891 20,711 70,513 40,410 
Net interest income$26,129 $31,475 $56,008 $61,815