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Net Interest Income (Tables)
 9 Months Ended
Sep. 30, 2022
Banking and Thrift, Interest [Abstract]  
Components of Interest Income and Interest Expense
The following table presents interest expense from the Convertible Notes for the three and nine months ended September 30, 2022 and 2021, respectively (dollar amounts in thousands):

For the Three Months Ended September 30,For the Nine Months Ended September 30,
2022202120222021
Contractual interest expense$— $2,156 $335 $6,469 
Amortization of underwriter's discount and deferred charges— 654 103 1,913 
Total$— $2,810 $438 $8,382 
The following table details the components of the Company's interest income and interest expense for the three and nine months ended September 30, 2022 and 2021, respectively (dollar amounts in thousands):

For the Three Months Ended
September 30,		For the Nine Months Ended
September 30,
2022202120222021
Interest income
Residential loans
Residential loans$32,374 $20,480 $89,875 $60,295 
Consolidated SLST9,013 10,245 27,648 31,042 
Residential loans held in securitization trusts20,437 11,008 55,923 28,909 
Total residential loans61,824 41,733 173,446 120,246 
Multi-family loans2,862 3,449 8,646 11,980 
Investment securities available for sale3,916 7,129 12,922 22,279 
Other318 12 427 43 
Total interest income68,920 52,323 195,441 154,548 
Interest expense.
Repurchase agreements18,448 3,110 35,625 10,884 
Collateralized debt obligations
Consolidated SLST6,611 7,116 18,796 21,371 
Residential loan securitizations11,192 5,053 27,377 14,788 
Non-Agency RMBS re-securitization— — — 283 
Total collateralized debt obligations17,803 12,169 46,173 36,442 
Convertible notes— 2,810 438 8,382 
Senior unsecured notes1,608 1,598 4,818 2,734 
Subordinated debentures704 458 1,713 1,374 
Mortgages payable on real estate16,136 1,147 36,445 1,886 
Total interest expense54,699 21,292 125,212 61,702 
Net interest income$14,221 $31,031 $70,229 $92,846