CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Dec. 31, 2021 |
Dec. 31, 2020 |
| ASSETS |
|
|
|
| Cash and cash equivalents (includes $2,118 and $-0-, respectively, from a consolidated VIE) |
|
$ 20,543
|
$ 28,796
|
| Restricted cash |
|
1,132
|
|
| Sold securities receivable |
|
28,219
|
|
| MSR financing receivables, at fair value |
|
125,018
|
9,346
|
| Credit securities, at fair value |
|
26,222
|
26,660
|
| Loans, at fair value |
|
29,697
|
45,000
|
| Single-family residential real estate |
|
60,889
|
|
| Derivative assets, at fair value |
|
250
|
258
|
| Deposits |
|
4,549
|
6,306
|
| Other assets (includes $547 and $545, respectively, from a consolidated VIE) |
|
15,037
|
20,691
|
| Total assets |
|
803,036
|
1,212,389
|
| Liabilities: |
|
|
|
| Repurchase agreements |
|
446,624
|
655,212
|
| Derivative liabilities, at fair value |
|
228
|
221
|
| Purchased securities payable |
|
|
139,013
|
| Long-term unsecured debt |
|
85,994
|
73,027
|
| Long-term debt secured by single-family properties |
|
39,178
|
|
| Other liabilities (includes $2 and $321, respectively, from a consolidated VIE) |
|
6,377
|
5,019
|
| Total liabilities |
|
578,909
|
966,119
|
| Commitments and contingencies (Note 15) |
|
|
|
| Stockholders’ Equity: |
|
|
|
| Additional paid-in capital |
|
2,030,315
|
2,040,918
|
| Accumulated deficit |
|
(1,842,703)
|
(1,830,272)
|
| Total stockholders’ equity |
|
224,127
|
246,270
|
| Total liabilities and stockholders’ equity |
|
803,036
|
1,212,389
|
| Variable Interest Entity, Primary Beneficiary |
|
|
|
| ASSETS |
|
|
|
| Cash and cash equivalents (includes $2,118 and $-0-, respectively, from a consolidated VIE) |
|
2,118
|
0
|
| Restricted cash |
[1] |
111
|
11,169
|
| Loans, at fair value |
|
7,442
|
93,283
|
| Other assets (includes $547 and $545, respectively, from a consolidated VIE) |
|
547
|
545
|
| Liabilities: |
|
|
|
| Secured debt of consolidated VIE, at fair value |
|
508
|
93,627
|
| Other liabilities (includes $2 and $321, respectively, from a consolidated VIE) |
|
2
|
321
|
| Agency MBS |
|
|
|
| ASSETS |
|
|
|
| Mortgage-backed securities, at fair value |
|
483,927
|
970,880
|
| Liabilities: |
|
|
|
| Repurchase agreements |
|
425,836
|
623,712
|
| Series B Preferred Stock |
|
|
|
| Stockholders’ Equity: |
|
|
|
| Preferred stock |
|
8,852
|
7,933
|
| Common Class A |
|
|
|
| Stockholders’ Equity: |
|
|
|
| Common stock |
|
307
|
335
|
| Series C Preferred Stock |
|
|
|
| Stockholders’ Equity: |
|
|
|
| Preferred stock |
|
$ 27,356
|
$ 27,356
|
|
|