Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Available-for-sale securities, at fair value (amortized cost $10,228,511 and $7,005,013, respectively; allowance for credit losses $8,535 and $14,238, respectively) $ 9,473,843 $ 7,161,703
Mortgage servicing rights, at fair value 3,021,790 2,191,578
Cash and cash equivalents 732,482 1,153,856
Restricted cash 842,534 934,814
Accrued interest receivable 37,701 26,266
Due from counterparties 215,473 168,449
Derivative assets, at fair value 18,406 80,134
Reverse repurchase agreements 207,206 134,682
Other assets 146,122 262,823
Total Assets 14,695,557 12,114,305
Liabilities    
Repurchase agreements 10,034,018 7,656,445
Revolving credit facilities 1,131,161 420,761
Term notes payable 397,697 396,776
Convertible senior notes 282,096 424,827
Derivative liabilities, at fair value 107,379 53,658
Due to counterparties 348,176 196,627
Dividends payable 72,802 72,412
Accrued interest payable 48,592 18,382
Commitments and contingencies (see Note 15) 0 0
Other liabilities 129,159 130,464
Total Liabilities 12,551,080 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; 175,000,000 shares authorized and 86,371,867 and 85,977,831 shares issued and outstanding, respectively 864 860
Additional paid-in capital 5,643,493 5,627,758
Accumulated other comprehensive (loss) income (701,383) 186,346
Cumulative earnings 1,703,445 1,212,983
Cumulative distributions to stockholders (5,204,492) (4,986,544)
Total Stockholders’ Equity 2,144,477 2,743,953
Total Liabilities and Stockholders’ Equity $ 14,695,557 $ 12,114,305