Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Available-for-sale securities, at fair value (amortized cost $8,969,612 and $7,005,013, respectively; allowance for credit losses $9,663 and $14,238, respectively) $ 8,789,437 $ 7,161,703
Mortgage servicing rights, at fair value 3,226,191 2,191,578
Cash and cash equivalents 511,889 1,153,856
Restricted cash 627,725 934,814
Accrued interest receivable 30,254 26,266
Due from counterparties 186,156 168,449
Derivative assets, at fair value 29,330 80,134
Reverse repurchase agreements 158,971 134,682
Other assets 177,497 262,823
Total Assets 13,737,450 12,114,305
Liabilities    
Repurchase agreements 7,958,247 7,656,445
Revolving credit facilities 825,761 420,761
Term notes payable 397,383 396,776
Convertible senior notes 281,711 424,827
Derivative liabilities, at fair value 110,764 53,658
Due to counterparties 1,460,561 196,627
Dividends payable 72,591 72,412
Accrued interest payable 21,826 18,382
Commitments and contingencies (see Note 15) 0 0
Other liabilities 124,982 130,464
Total Liabilities 11,253,826 9,370,352
Stockholders' Equity    
Preferred stock, par value $0.01 per share; 100,000,000 shares authorized and 29,050,000 shares issued and outstanding ($726,250 liquidation preference) 702,550 702,550
Common stock, par value $0.01 per share; 700,000,000 shares authorized and 344,433,109 and 343,911,324 shares issued and outstanding, respectively 3,444 3,439
Additional paid-in capital 5,633,201 5,625,179
Accumulated other comprehensive (loss) income (149,710) 186,346
Cumulative earnings 1,425,833 1,212,983
Cumulative distributions to stockholders (5,131,694) (4,986,544)
Total Stockholders’ Equity 2,483,624 2,743,953
Total Liabilities and Stockholders’ Equity $ 13,737,450 $ 12,114,305