CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands |
12 Months Ended |
Dec. 31, 2021 |
Dec. 31, 2020 |
| Interest income |
|
|
| MSR financing receivables |
$ 6,282
|
|
| Credit securities and loans |
5,058
|
$ 7,605
|
| Other |
648
|
1,376
|
| Total interest and other income |
25,530
|
46,014
|
| Rent revenues from single-family properties |
259
|
|
| Interest expense |
|
|
| Repurchase agreements |
1,483
|
16,742
|
| Total interest expense |
8,206
|
22,916
|
| Net operating income |
16,954
|
23,098
|
| Investment and derivative loss, net |
(13,199)
|
(78,199)
|
| General and administrative expenses |
|
|
| Compensation and benefits |
6,979
|
7,241
|
| Other general and administrative expenses |
4,725
|
5,374
|
| Total general and administrative expenses |
11,704
|
12,615
|
| Loss before income taxes |
(7,949)
|
(67,716)
|
| Income tax provision |
1,566
|
0
|
| Net loss |
(9,515)
|
(67,716)
|
| Dividend on preferred stock |
(2,916)
|
(2,991)
|
| Net loss attributable to common stock |
$ (12,431)
|
$ (70,707)
|
| Basic loss per common share |
$ (0.38)
|
$ (2.00)
|
| Diluted loss per common share |
$ (0.38)
|
$ (2.00)
|
| Weighted-average common shares outstanding (in thousands) |
|
|
| Basic |
32,312
|
35,343
|
| Diluted |
32,312
|
35,343
|
| Single Family properties |
|
|
| Interest expense |
|
|
| Single-family property operating expenses |
$ 629
|
|
| Variable Interest Entity, Primary Beneficiary |
|
|
| Interest income |
|
|
| Loans |
2,908
|
$ 4,305
|
| Secured Debt | Single Family properties |
|
|
| Interest expense |
|
|
| Long-term debt |
151
|
|
| Secured Debt | Variable Interest Entity, Primary Beneficiary |
|
|
| Interest expense |
|
|
| Secured debt of consolidated VIE |
1,460
|
1,403
|
| Unsecured Debt |
|
|
| Interest expense |
|
|
| Long-term debt |
5,112
|
4,771
|
| Agency MBS |
|
|
| Interest income |
|
|
| Mortgage-backed credit securities |
$ 10,634
|
$ 32,728
|