10-Q Filing

MFA FINANCIAL, INC. CIK: 1055160 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001055160-19-000021`
Period End Date	20190630
Filing Date	20190807
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	mfa-06302019x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 98 Cash Flow Statement 96 Stockholders Equity 65 Comprehensive Income 34

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Residential whole loans, carrying value	`LoansPledgedAsCollateral`	$1.65B	USD	Point-in-time
Residential whole loans, carrying value	`LoansPledgedAsCollateral`	$2.81B	USD	Point-in-time
Residential whole loans, fair value	`PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue`	$738.64M	USD	Point-in-time
Residential whole loans, fair value	`PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue`	$777.09M	USD	Point-in-time
MSR-Related Assets, pledged as collateral (in dollars)	`ServicingRightsPledgedAsCollateral`	$611.81M	USD	Point-in-time
MSR-Related Assets, pledged as collateral (in dollars)	`ServicingRightsPledgedAsCollateral`	$1.17B	USD	Point-in-time
Mortgage-backed securities and credit risk transfer securities	`AvailableForSaleSecuritiesDebtSecurities`	$6.51B	USD	Point-in-time
Mortgage-backed securities and credit risk transfer securities	`AvailableForSaleSecuritiesDebtSecurities`	$5.39B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Residential whole loans, at carrying value ($2,814,259 and $1,645,372 pledged as collateral, respectively) (1)	`ResidentialWholeLoansCarryingValue`	$3.02B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Residential whole loans, at carrying value ($2,814,259 and $1,645,372 pledged as collateral, respectively) (1)	`ResidentialWholeLoansCarryingValue`	$4.39B	USD	Point-in-time
Residential whole loans, at fair value ($777,087 and $738,638 pledged as collateral, respectively) (1)	`CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue`	$1.53B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	8.05M	shares	Point-in-time
Residential whole loans, at fair value ($777,087 and $738,638 pledged as collateral, respectively) (1)	`CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue`	$1.67B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	8.05M	shares	Point-in-time
Preferred stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	2 Qtrs
Mortgage servicing rights (MSR) related assets ($1,169,872 and $611,807 pledged as collateral, respectively)	`ServicingAssetAtFairValueAmount`	$611.81M	USD	Point-in-time
Mortgage servicing rights (MSR) related assets ($1,169,872 and $611,807 pledged as collateral, respectively)	`ServicingAssetAtFairValueAmount`	$1.17B	USD	Point-in-time
Preferred stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	Annual
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.97M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	8.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.66M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	8.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	8.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$36.74M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$31.06M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	8.00M	shares	Point-in-time
Other assets	`OtherAssets`	$607.75M	USD	Point-in-time
Preferred stock, aggregate liquidation preference (in dollars)	`PreferredStockLiquidationPreferenceValue`	$200.00M	USD	Point-in-time
Other assets	`OtherAssets`	$527.78M	USD	Point-in-time
Preferred stock, aggregate liquidation preference (in dollars)	`PreferredStockLiquidationPreferenceValue`	$200.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Assets	`Assets`	$13.21B	USD	Point-in-time
Total Assets	`Assets`	$12.42B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	886.95M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	886.95M	shares	Point-in-time
Repurchase agreements	`SecuritiesSoldUnderAgreementsToRepurchase`	$7.88B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	450.62M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	449.79M	shares	Point-in-time
Repurchase agreements	`SecuritiesSoldUnderAgreementsToRepurchase`	$8.63B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.13B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	449.79M	shares	Point-in-time
Other liabilities	`OtherLiabilities`	$1.17B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	450.62M	shares	Point-in-time
Total Liabilities	`Liabilities`	$9.80B	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.00B	USD	Point-in-time
Commitments and contingencies (See Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)	`PreferredStockValue`	$80.00K	USD	Point-in-time
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)	`PreferredStockValue`	$80.00K	USD	Point-in-time
Common stock, $.01 par value; 886,950 shares authorized; 450,622 and 449,787 shares issued and outstanding, respectively	`CommonStockValue`	$4.51M	USD	Point-in-time
Common stock, $.01 par value; 886,950 shares authorized; 450,622 and 449,787 shares issued and outstanding, respectively	`CommonStockValue`	$4.50M	USD	Point-in-time
Additional paid-in capital, in excess of par	`AdditionalPaidInCapital`	$3.62B	USD	Point-in-time
Additional paid-in capital, in excess of par	`AdditionalPaidInCapital`	$3.63B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-632.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-638.40M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$411.78M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$420.29M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.24B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.42B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.40B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.21B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.40B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.26B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$12.42B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$13.21B	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Residential whole loans held at carrying value	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$107.50M	USD	2 Qtrs
Residential whole loans held at carrying value	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$57.88M	USD	1 Quarter
Residential whole loans held at carrying value	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$17.93M	USD	1 Quarter
Residential whole loans held at carrying value	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$32.26M	USD	2 Qtrs
MSR-related assets	`InterestIncomeOther`	$12.34M	USD	1 Quarter
MSR-related assets	`InterestIncomeOther`	$13.84M	USD	2 Qtrs
MSR-related assets	`InterestIncomeOther`	$22.96M	USD	2 Qtrs
MSR-related assets	`InterestIncomeOther`	$6.22M	USD	1 Quarter
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$685.00K	USD	1 Quarter
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$1.59M	USD	2 Qtrs
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$1.04M	USD	1 Quarter
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$1.80M	USD	2 Qtrs
Other interest-earning assets	`OtherOperatingIncome`	-	USD	2 Qtrs
Other interest-earning assets	`OtherOperatingIncome`	-	USD	1 Quarter
Other interest-earning assets	`OtherOperatingIncome`	$2.59M	USD	2 Qtrs
Other interest-earning assets	`OtherOperatingIncome`	$1.29M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$285.89M	USD	2 Qtrs
Interest Income	`InterestAndDividendIncomeOperating`	$144.94M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$101.75M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$205.50M	USD	2 Qtrs
Repurchase agreements	`InterestExpenseSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances`	$75.89M	USD	1 Quarter
Repurchase agreements	`InterestExpenseSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances`	$91.95M	USD	2 Qtrs
Repurchase agreements	`InterestExpenseSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances`	$146.70M	USD	2 Qtrs
Repurchase agreements	`InterestExpenseSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances`	$46.23M	USD	1 Quarter
Other interest expense	`InterestExpenseDebt`	$9.15M	USD	1 Quarter
Other interest expense	`InterestExpenseDebt`	$17.37M	USD	2 Qtrs
Other interest expense	`InterestExpenseDebt`	$5.58M	USD	1 Quarter
Other interest expense	`InterestExpenseDebt`	$10.41M	USD	2 Qtrs
Interest Expense	`InterestExpense`	$85.04M	USD	1 Quarter
Interest Expense	`InterestExpense`	$51.81M	USD	1 Quarter
Interest Expense	`InterestExpense`	$102.36M	USD	2 Qtrs
Interest Expense	`InterestExpense`	$164.07M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$49.94M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$59.89M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$103.14M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$121.82M	USD	2 Qtrs
Net gain on residential whole loans measured at fair value through earnings	`MortgageLoansonRealEstateGainLossonLoansatFairValue`	$51.47M	USD	1 Quarter
Net gain on residential whole loans measured at fair value through earnings	`MortgageLoansonRealEstateGainLossonLoansatFairValue`	$70.94M	USD	2 Qtrs
Net gain on residential whole loans measured at fair value through earnings	`MortgageLoansonRealEstateGainLossonLoansatFairValue`	$32.44M	USD	1 Quarter
Net gain on residential whole loans measured at fair value through earnings	`MortgageLoansonRealEstateGainLossonLoansatFairValue`	$76.74M	USD	2 Qtrs
Net realized gain on sales of residential mortgage securities	`DebtSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairment`	$7.71M	USD	1 Quarter
Net realized gain on sales of residential mortgage securities	`DebtSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairment`	$32.32M	USD	2 Qtrs
Net realized gain on sales of residential mortgage securities	`DebtSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairment`	$16.25M	USD	2 Qtrs
Net realized gain on sales of residential mortgage securities	`DebtSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairment`	$7.43M	USD	1 Quarter
Net unrealized gain/(loss) on residential mortgage securities measured at fair value through earnings	`DebtSecuritiesUnrealizedGainLossResidentialMortgageSecuritiesMeasuredatFairValue`	$8.67M	USD	2 Qtrs
Net unrealized gain/(loss) on residential mortgage securities measured at fair value through earnings	`DebtSecuritiesUnrealizedGainLossResidentialMortgageSecuritiesMeasuredatFairValue`	-	USD	1 Quarter
Net unrealized gain/(loss) on residential mortgage securities measured at fair value through earnings	`DebtSecuritiesUnrealizedGainLossResidentialMortgageSecuritiesMeasuredatFairValue`	$-2.35M	USD	1 Quarter
Net unrealized gain/(loss) on residential mortgage securities measured at fair value through earnings	`DebtSecuritiesUnrealizedGainLossResidentialMortgageSecuritiesMeasuredatFairValue`	$-3.23M	USD	2 Qtrs
Net (loss)/gain on Swaps not designated as hedges for accounting purposes	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$353.00K	USD	1 Quarter
Net (loss)/gain on Swaps not designated as hedges for accounting purposes	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$353.00K	USD	2 Qtrs
Net (loss)/gain on Swaps not designated as hedges for accounting purposes	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-7.39M	USD	1 Quarter
Net (loss)/gain on Swaps not designated as hedges for accounting purposes	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-16.34M	USD	2 Qtrs
Other, net	`OtherOperatingIncomeExpenseNet`	$5.07M	USD	1 Quarter
Other, net	`OtherOperatingIncomeExpenseNet`	$3.13M	USD	1 Quarter
Other, net	`OtherOperatingIncomeExpenseNet`	$4.36M	USD	2 Qtrs
Other, net	`OtherOperatingIncomeExpenseNet`	$6.64M	USD	2 Qtrs
Other Income, net	`NoninterestIncome`	$88.67M	USD	2 Qtrs
Other Income, net	`NoninterestIncome`	$56.86M	USD	1 Quarter
Other Income, net	`NoninterestIncome`	$108.03M	USD	2 Qtrs
Other Income, net	`NoninterestIncome`	$41.01M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$13.79M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$16.39M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$7.84M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$7.04M	USD	1 Quarter
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$5.58M	USD	1 Quarter
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$10.58M	USD	2 Qtrs
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$9.41M	USD	2 Qtrs
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$5.93M	USD	1 Quarter
Loan servicing and other related operating expenses	`OtherCostAndExpenseOperating`	$7.93M	USD	1 Quarter
Loan servicing and other related operating expenses	`OtherCostAndExpenseOperating`	$20.98M	USD	2 Qtrs
Loan servicing and other related operating expenses	`OtherCostAndExpenseOperating`	$14.81M	USD	2 Qtrs
Loan servicing and other related operating expenses	`OtherCostAndExpenseOperating`	$9.94M	USD	1 Quarter
Operating and Other Expense	`CostsAndExpenses`	$47.95M	USD	2 Qtrs
Operating and Other Expense	`CostsAndExpenses`	$38.01M	USD	2 Qtrs
Operating and Other Expense	`CostsAndExpenses`	$20.55M	USD	1 Quarter
Operating and Other Expense	`CostsAndExpenses`	$23.71M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$70.39M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$93.04M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$88.86M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$181.90M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$83.39M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$153.79M	USD	2 Qtrs
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$7.50M	USD	2 Qtrs
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.75M	USD	1 Quarter
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.75M	USD	1 Quarter
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$7.50M	USD	2 Qtrs
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailabletoCommonStockholdersBasicandParticipatingSecurities`	$66.64M	USD	1 Quarter
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailabletoCommonStockholdersBasicandParticipatingSecurities`	$89.29M	USD	1 Quarter
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailabletoCommonStockholdersBasicandParticipatingSecurities`	$146.29M	USD	2 Qtrs
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailabletoCommonStockholdersBasicandParticipatingSecurities`	$174.40M	USD	2 Qtrs
Basic Earnings per Common Share (usd per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic Earnings per Common Share (usd per share)	`EarningsPerShareBasic`	$0.36	USD	2 Qtrs
Basic Earnings per Common Share (usd per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic Earnings per Common Share (usd per share)	`EarningsPerShareBasic`	$0.39	USD	2 Qtrs
Diluted Earnings per Common Share (usd per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted Earnings per Common Share (usd per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted Earnings per Common Share (usd per share)	`EarningsPerShareDiluted`	$0.36	USD	2 Qtrs
Diluted Earnings per Common Share (usd per share)	`EarningsPerShareDiluted`	$0.38	USD	2 Qtrs

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$70.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$88.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$181.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$83.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$153.79M	USD	2 Qtrs
Gain on sales of residential mortgage securities	`DebtSecuritiesGainLoss`	$32.32M	USD	2 Qtrs
Gain on sales of residential mortgage securities	`DebtSecuritiesGainLoss`	$16.25M	USD	2 Qtrs
Gain on sales of real estate owned	`GainsLossesOnSalesOfOtherRealEstate`	$4.67M	USD	2 Qtrs
Gain on sales of real estate owned	`GainsLossesOnSalesOfOtherRealEstate`	$2.70M	USD	1 Quarter
Gain on sales of real estate owned	`GainsLossesOnSalesOfOtherRealEstate`	$2.30M	USD	1 Quarter
Gain on sales of real estate owned	`GainsLossesOnSalesOfOtherRealEstate`	$3.69M	USD	2 Qtrs
Gain on liquidation of residential whole loans	`GainonLiquidationofResidentialWholeLoans`	$12.74M	USD	2 Qtrs
Gain on liquidation of residential whole loans	`GainonLiquidationofResidentialWholeLoans`	$9.66M	USD	2 Qtrs
Accretion of purchase discounts on residential mortgage securities, residential whole loans and MSR-related assets	`AccretionofPurchaseDiscounts`	$40.95M	USD	2 Qtrs
Accretion of purchase discounts on residential mortgage securities, residential whole loans and MSR-related assets	`AccretionofPurchaseDiscounts`	$33.19M	USD	2 Qtrs
Amortization of purchase premiums on residential mortgage securities and residential whole loans	`AmortizationOfPurchasePremiums`	$12.51M	USD	2 Qtrs
Amortization of purchase premiums on residential mortgage securities and residential whole loans	`AmortizationOfPurchasePremiums`	$19.42M	USD	2 Qtrs
Depreciation and amortization on real estate, fixed assets and other assets	`DepreciationAndAmortization`	$1.08M	USD	2 Qtrs
Depreciation and amortization on real estate, fixed assets and other assets	`DepreciationAndAmortization`	$805.00K	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$2.81M	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$3.44M	USD	2 Qtrs
Unrealized gains on residential whole loans at fair value	`UnrealizedGainLossOnInvestments`	$18.35M	USD	2 Qtrs
Unrealized gains on residential whole loans at fair value	`UnrealizedGainLossOnInvestments`	$20.13M	USD	2 Qtrs
Unrealized losses/(gains) on residential mortgage securities and interest rate swap agreements (Swaps) and other	`UnrealizedLossesGainsonSecuritiesHeldAtFairValueandSwapsNotDesignatedasHedges`	$592.00K	USD	2 Qtrs
Unrealized losses/(gains) on residential mortgage securities and interest rate swap agreements (Swaps) and other	`UnrealizedLossesGainsonSecuritiesHeldAtFairValueandSwapsNotDesignatedasHedges`	$-1.36M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.47M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$26.98M	USD	2 Qtrs
Increase/(decrease) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$4.72M	USD	2 Qtrs
Increase/(decrease) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-10.09M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.80M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$85.95M	USD	2 Qtrs
Principal payments on residential mortgage securities and MSR-related assets	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$930.59M	USD	2 Qtrs
Principal payments on residential mortgage securities and MSR-related assets	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$1.11B	USD	2 Qtrs
Proceeds from sales of residential mortgage securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$198.39M	USD	2 Qtrs
Proceeds from sales of residential mortgage securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$404.80M	USD	2 Qtrs
Purchases of residential mortgage securities and MSR-related assets	`PaymentsToAcquireInvestments`	$323.31M	USD	2 Qtrs
Purchases of residential mortgage securities and MSR-related assets	`PaymentsToAcquireInvestments`	$697.97M	USD	2 Qtrs
Purchases of residential whole loans, loan related investments and capitalized advances	`PaymentsToAcquireLoansHeldForInvestment`	$943.43M	USD	2 Qtrs
Purchases of residential whole loans, loan related investments and capitalized advances	`PaymentsToAcquireLoansHeldForInvestment`	$1.94B	USD	2 Qtrs
Principal payments on residential whole loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$523.60M	USD	2 Qtrs
Principal payments on residential whole loans	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$174.71M	USD	2 Qtrs
Proceeds from sales of real estate owned	`ProceedsFromRealEstateOwned`	$58.23M	USD	2 Qtrs
Proceeds from sales of real estate owned	`ProceedsFromRealEstateOwned`	$56.07M	USD	2 Qtrs
Purchases of real estate owned and capital improvements	`PaymentsToAcquireOtherRealEstate`	$10.56M	USD	2 Qtrs
Purchases of real estate owned and capital improvements	`PaymentsToAcquireOtherRealEstate`	$5.28M	USD	2 Qtrs
Additions to leasehold improvements, furniture and fixtures	`PaymentsToAcquireProductiveAssets`	$1.04M	USD	2 Qtrs
Additions to leasehold improvements, furniture and fixtures	`PaymentsToAcquireProductiveAssets`	$551.00K	USD	2 Qtrs
Net cash (used in)/ provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$266.63M	USD	2 Qtrs
Net cash (used in)/ provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-738.38M	USD	2 Qtrs
Principal payments on repurchase agreements	`PrincipalPaymentsonSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances`	$32.05B	USD	2 Qtrs
Principal payments on repurchase agreements	`PrincipalPaymentsonSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances`	$38.07B	USD	2 Qtrs
Proceeds from borrowings under repurchase agreements	`ProceedsfromSecuritiesSoldunderAgreementstoRepurchase`	$38.82B	USD	2 Qtrs
Proceeds from borrowings under repurchase agreements	`ProceedsfromSecuritiesSoldunderAgreementstoRepurchase`	$31.33B	USD	2 Qtrs
Proceeds from issuance of securitized debt	`ProceedsfromIssuanceofSecuritizedDebt`	-	USD	2 Qtrs
Proceeds from issuance of securitized debt	`ProceedsfromIssuanceofSecuritizedDebt`	$183.97M	USD	2 Qtrs
Principal payments on securitized debt	`RepaymentsOfOtherDebt`	$57.50M	USD	2 Qtrs
Principal payments on securitized debt	`RepaymentsOfOtherDebt`	$28.64M	USD	2 Qtrs
Payments made for securitization related costs	`PaymentsMadeforSecuritizationRelatedCost`	$956.00K	USD	2 Qtrs
Payments made for securitization related costs	`PaymentsMadeforSecuritizationRelatedCost`	-	USD	2 Qtrs
Proceeds from issuance of Convertible Senior Notes	`ProceedsFromConvertibleDebt`	$223.44M	USD	2 Qtrs
Proceeds from issuance of Convertible Senior Notes	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Payments made for settlements on Swaps	`PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives`	$33.32M	USD	2 Qtrs
Payments made for settlements on Swaps	`PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives`	$47.13M	USD	2 Qtrs
Proceeds from settlements on Swaps	`ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives`	-	USD	2 Qtrs
Proceeds from settlements on Swaps	`ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives`	$51.71M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.71M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.14M	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$7.50M	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$7.50M	USD	2 Qtrs
Dividends paid on common stock and dividend equivalents	`PaymentsOfDividendsCommonStock`	$180.55M	USD	2 Qtrs
Dividends paid on common stock and dividend equivalents	`PaymentsOfDividendsCommonStock`	$159.68M	USD	2 Qtrs
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-715.32M	USD	2 Qtrs
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$683.44M	USD	2 Qtrs
Net increase/(decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$31.01M	USD	2 Qtrs
Net increase/(decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-404.89M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$58.86M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$119.72M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$463.74M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$58.86M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$119.72M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$463.74M	USD	Point-in-time
Interest Paid	`InterestPaidNet`	$169.85M	USD	2 Qtrs
Interest Paid	`InterestPaidNet`	$103.19M	USD	2 Qtrs
Net decrease in securities obtained as collateral/obligation to return securities obtained as collateral	`SecuritiesObtainedAsCollateralNetOfReturns`	$-248.65M	USD	2 Qtrs
Net decrease in securities obtained as collateral/obligation to return securities obtained as collateral	`SecuritiesObtainedAsCollateralNetOfReturns`	-	USD	2 Qtrs
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$66.48M	USD	1 Quarter
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$103.52M	USD	2 Qtrs
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$131.64M	USD	2 Qtrs
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$48.70M	USD	1 Quarter
Dividends and dividend equivalents declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$90.40M	USD	Point-in-time
Dividends and dividend equivalents declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$79.95M	USD	Point-in-time
Payable for unsettled residential whole loans purchases	`NoncashPayableforUnsettledLoanPurchases`	$567.91M	USD	2 Qtrs
Payable for unsettled residential whole loans purchases	`NoncashPayableforUnsettledLoanPurchases`	$86.99M	USD	2 Qtrs

Stockholders Equity 65 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, dividend rate	`PreferredStockDividendRatePercentage`	0.07	pure	2 Qtrs
Preferred Stock, dividend rate	`PreferredStockDividendRatePercentage`	0.07	pure	Annual
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	Point-in-time
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	Point-in-time
Balance	`StockholdersEquity`	$3.24B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.42B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.40B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.21B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.40B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.26B	USD	Point-in-time
Net income	`NetIncomeLoss`	$70.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$88.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$181.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$83.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$153.79M	USD	2 Qtrs
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$481.00K	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$551.00K	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$586.00K	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$1.23M	USD	1 Quarter
Repurchase of shares of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	2 Qtrs
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.61M	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.96M	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.25M	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.44M	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$549.00K	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$992.00K	USD	1 Quarter
Accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$-230.00K	USD	1 Quarter
Accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$435.00K	USD	1 Quarter
Accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$430.00K	USD	1 Quarter
Accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$-260.00K	USD	1 Quarter
Dividends declared on common stock ($0.20 per share)	`DividendsCommonStock`	$79.71M	USD	1 Quarter
Dividends declared on common stock ($0.20 per share)	`DividendsCommonStock`	$90.12M	USD	1 Quarter
Dividends declared on common stock ($0.20 per share)	`DividendsCommonStock`	$79.69M	USD	1 Quarter
Dividends declared on common stock ($0.20 per share)	`DividendsCommonStock`	$90.10M	USD	1 Quarter
Dividends declared on preferred stock ($0.46875 per share)	`DividendsPreferredStock`	$7.50M	USD	2 Qtrs
Dividends declared on preferred stock ($0.46875 per share)	`DividendsPreferredStock`	$3.75M	USD	1 Quarter
Dividends declared on preferred stock ($0.46875 per share)	`DividendsPreferredStock`	$3.75M	USD	1 Quarter
Dividends declared on preferred stock ($0.46875 per share)	`DividendsPreferredStock`	$3.75M	USD	1 Quarter
Dividends declared on preferred stock ($0.46875 per share)	`DividendsPreferredStock`	$7.50M	USD	2 Qtrs
Dividends declared on preferred stock ($0.46875 per share)	`DividendsPreferredStock`	$3.75M	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$276.00K	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$217.00K	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$256.00K	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$244.00K	USD	1 Quarter
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$17.64M	USD	1 Quarter
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-46.16M	USD	1 Quarter
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-25.93M	USD	1 Quarter
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$5.09M	USD	1 Quarter
Derivative hedging instrument fair value changes, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-20.45M	USD	1 Quarter
Derivative hedging instrument fair value changes, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-10.79M	USD	1 Quarter
Derivative hedging instrument fair value changes, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$19.67M	USD	1 Quarter
Derivative hedging instrument fair value changes, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$7.92M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.24B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.42B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.40B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.21B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.40B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.26B	USD	Point-in-time

Comprehensive Income 34 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$70.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$88.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$181.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$83.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$153.79M	USD	2 Qtrs
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$21.58M	USD	2 Qtrs
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$5.18M	USD	1 Quarter
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$6.37M	USD	1 Quarter
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$15.46M	USD	2 Qtrs
Derivative hedging instrument fair value changes, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$27.58M	USD	2 Qtrs
Derivative hedging instrument fair value changes, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-19.71M	USD	1 Quarter
Derivative hedging instrument fair value changes, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-30.15M	USD	2 Qtrs
Derivative hedging instrument fair value changes, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$7.92M	USD	1 Quarter
Amortization of de-designated hedging instruments, net	`OtherComprehensiveIncomeLossAmortizationofDeDesignatedHedgingInstrumentsafterReclassificationandTax`	-	USD	1 Quarter
Amortization of de-designated hedging instruments, net	`OtherComprehensiveIncomeLossAmortizationofDeDesignatedHedgingInstrumentsafterReclassificationandTax`	-	USD	2 Qtrs
Amortization of de-designated hedging instruments, net	`OtherComprehensiveIncomeLossAmortizationofDeDesignatedHedgingInstrumentsafterReclassificationandTax`	$-1.08M	USD	2 Qtrs
Amortization of de-designated hedging instruments, net	`OtherComprehensiveIncomeLossAmortizationofDeDesignatedHedgingInstrumentsafterReclassificationandTax`	$-743.00K	USD	1 Quarter
Other Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-44.51M	USD	2 Qtrs
Other Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.50M	USD	2 Qtrs
Other Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-18.02M	USD	1 Quarter
Other Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.81M	USD	1 Quarter
Comprehensive income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$173.39M	USD	2 Qtrs
Comprehensive income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$109.28M	USD	2 Qtrs
Comprehensive income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$52.38M	USD	1 Quarter
Comprehensive income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$90.23M	USD	1 Quarter
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$7.50M	USD	2 Qtrs
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$3.75M	USD	1 Quarter
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$3.75M	USD	1 Quarter
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$7.50M	USD	2 Qtrs
Comprehensive Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$165.89M	USD	2 Qtrs
Comprehensive Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$86.48M	USD	1 Quarter
Comprehensive Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$48.63M	USD	1 Quarter
Comprehensive Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$101.78M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.