CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
| Assets |
|
|
| Residential mortgage investments ($12.59 and $12.98 billion pledged at March 31, 2018 and December 31, 2017, respectively) |
$ 13,052,071
|
$ 13,454,098
|
| Cash collateral receivable from interest rate swap counterparties |
36,586
|
42,506
|
| Interest rate swap agreements at fair value |
387
|
|
| Cash and cash equivalents |
89,915
|
103,907
|
| Receivables and other assets |
113,565
|
132,938
|
| Total assets |
13,292,524
|
13,733,449
|
| Liabilities |
|
|
| Secured borrowings |
11,944,841
|
12,331,060
|
| Interest rate swap agreements at fair value |
18,265
|
23,772
|
| Unsecured borrowings |
98,216
|
98,191
|
| Common stock dividend payable |
15,069
|
18,487
|
| Accounts payable and accrued expenses |
23,905
|
23,063
|
| Total liabilities |
12,100,296
|
12,494,573
|
| Stockholders’ equity |
|
|
| Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 10,329 shares issued and outstanding ($258,226 aggregate liquidation preference) at March 31, 2018 and December 31, 2017 |
250,946
|
250,946
|
| Common stock - $0.01 par value; 250,000 shares authorized: 92,494 and 95,698 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively |
925
|
957
|
| Paid-in capital |
1,242,573
|
1,271,425
|
| Accumulated deficit |
(346,570)
|
(346,570)
|
| Accumulated other comprehensive income |
44,354
|
62,118
|
| Total stockholders' equity |
1,192,228
|
1,238,876
|
| Total liabilities and equity |
$ 13,292,524
|
$ 13,733,449
|