10-Q Filing

MFA FINANCIAL, INC. CIK: 1055160 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001055160-22-000016`
Period End Date	20220630
Filing Date	20220804
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	mfa-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 118 Cash Flow Statement 88 Stockholders Equity 71 Comprehensive Income 32

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Residential whole loans, net ($5,977,315 and $5,305,349 held at fair value, respectively)	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$8.19B	USD	Point-in-time
Residential whole loans, net ($5,977,315 and $5,305,349 held at fair value, respectively)	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$7.91B	USD	Point-in-time
Securities, at fair value	`AvailableForSaleSecuritiesDebtSecurities`	$245.61M	USD	Point-in-time
Securities, at fair value	`AvailableForSaleSecuritiesDebtSecurities`	$256.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$385.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$304.70M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$99.75M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$159.75M	USD	Point-in-time
Other assets	`OtherAssets`	$498.09M	USD	Point-in-time
Other assets	`OtherAssets`	$565.56M	USD	Point-in-time
Total Assets	`Assets`	$9.14B	USD	Point-in-time
Total Assets	`Assets`	$9.48B	USD	Point-in-time
Financing agreements ($4,199,458 and $3,266,773 held at fair value, respectively)	`FinancingAgreementsFairValueAndCarryingValue1`	$6.38B	USD	Point-in-time
Financing agreements ($4,199,458 and $3,266,773 held at fair value, respectively)	`FinancingAgreementsFairValueAndCarryingValue1`	$7.13B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$200.87M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$218.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.60B	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.33B	USD	Point-in-time
Commitments and contingencies (See Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 101,793 and 108,138 shares issued and outstanding, respectively	`CommonStockValue`	$1.02M	USD	Point-in-time
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 101,793 and 108,138 shares issued and outstanding, respectively	`CommonStockValue`	$1.08M	USD	Point-in-time
Additional paid-in capital, in excess of par	`AdditionalPaidInCapital`	$3.78B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Additional paid-in capital, in excess of par	`AdditionalPaidInCapital`	$3.68B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	874.30M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	874.30M	shares	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.57B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.28B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	108.14M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.79M	shares	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.92M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$45.58M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.52B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.54B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	101.79M	shares	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.15B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.54B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.35B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	108.14M	shares	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.53B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.48B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.14B	USD	Point-in-time

Income Statement 118 line items

Line Item	Tag	Value	Unit	Period
Residential whole loans	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$69.02M	USD	1 Quarter
Residential whole loans	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$201.82M	USD	2 Qtrs
Residential whole loans	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$133.55M	USD	2 Qtrs
Residential whole loans	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$102.35M	USD	1 Quarter
Securities, at fair value	`InterestIncomeSecuritiesMortgageBacked`	$10.57M	USD	2 Qtrs
Securities, at fair value	`InterestIncomeSecuritiesMortgageBacked`	$15.35M	USD	1 Quarter
Securities, at fair value	`InterestIncomeSecuritiesMortgageBacked`	$5.29M	USD	1 Quarter
Securities, at fair value	`InterestIncomeSecuritiesMortgageBacked`	$31.80M	USD	2 Qtrs
Other interest-earning assets	`OtherOperatingIncome`	$1.35M	USD	1 Quarter
Other interest-earning assets	`OtherOperatingIncome`	$108.00K	USD	1 Quarter
Other interest-earning assets	`OtherOperatingIncome`	$2.85M	USD	2 Qtrs
Other interest-earning assets	`OtherOperatingIncome`	$108.00K	USD	2 Qtrs
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$426.00K	USD	2 Qtrs
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$324.00K	USD	1 Quarter
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$113.00K	USD	2 Qtrs
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$59.00K	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$215.67M	USD	2 Qtrs
Interest Income	`InterestAndDividendIncomeOperating`	$109.32M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$84.53M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$165.58M	USD	2 Qtrs
Asset-backed and other collateralized financing arrangements	`InterestExpenseAssetBackedAndCollateralizedFinancingAgreements`	$47.69M	USD	2 Qtrs
Asset-backed and other collateralized financing arrangements	`InterestExpenseAssetBackedAndCollateralizedFinancingAgreements`	$21.64M	USD	1 Quarter
Asset-backed and other collateralized financing arrangements	`InterestExpenseAssetBackedAndCollateralizedFinancingAgreements`	$52.80M	USD	1 Quarter
Asset-backed and other collateralized financing arrangements	`InterestExpenseAssetBackedAndCollateralizedFinancingAgreements`	$92.17M	USD	2 Qtrs
Other interest expense	`InterestExpenseDebt`	$7.87M	USD	2 Qtrs
Other interest expense	`InterestExpenseDebt`	$3.94M	USD	1 Quarter
Other interest expense	`InterestExpenseDebt`	$3.92M	USD	1 Quarter
Other interest expense	`InterestExpenseDebt`	$7.93M	USD	2 Qtrs
Interest Expense	`InterestExpense`	$55.62M	USD	2 Qtrs
Interest Expense	`InterestExpense`	$100.04M	USD	2 Qtrs
Interest Expense	`InterestExpense`	$25.55M	USD	1 Quarter
Interest Expense	`InterestExpense`	$56.74M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$109.95M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$52.58M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$58.97M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$115.63M	USD	2 Qtrs
(Provision)/Reversal of Provision for Credit Losses on Residential Whole Loans	`ReversalProvisionForCreditLossesOnResidentialWholeLoans`	$-31.62M	USD	2 Qtrs
(Provision)/Reversal of Provision for Credit Losses on Residential Whole Loans	`ReversalProvisionForCreditLossesOnResidentialWholeLoans`	$-1.69M	USD	2 Qtrs
(Provision)/Reversal of Provision for Credit Losses on Residential Whole Loans	`ReversalProvisionForCreditLossesOnResidentialWholeLoans`	$1.82M	USD	1 Quarter
(Provision)/Reversal of Provision for Credit Losses on Residential Whole Loans	`ReversalProvisionForCreditLossesOnResidentialWholeLoans`	$-8.87M	USD	1 Quarter
Provision for Credit Losses on Other Assets	`ProvisionForOtherCreditLosses`	-	USD	2 Qtrs
Provision for Credit Losses on Other Assets	`ProvisionForOtherCreditLosses`	-	USD	1 Quarter
Provision for Credit Losses on Other Assets	`ProvisionForOtherCreditLosses`	$28.58M	USD	2 Qtrs
Provision for Credit Losses on Other Assets	`ProvisionForOtherCreditLosses`	$28.58M	USD	1 Quarter
Net Interest Income after (Provision)/Reversal of Provision for Credit Losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$22.18M	USD	1 Quarter
Net Interest Income after (Provision)/Reversal of Provision for Credit Losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$88.75M	USD	2 Qtrs
Net Interest Income after (Provision)/Reversal of Provision for Credit Losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$141.57M	USD	2 Qtrs
Net Interest Income after (Provision)/Reversal of Provision for Credit Losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$67.84M	USD	1 Quarter
Net mark-to-market and other net (loss)/gain on residential whole loans measured at fair value	`MortgageLoansOnRealEstateGainLossOnLoansAtFairValue`	$6.02M	USD	1 Quarter
Net mark-to-market and other net (loss)/gain on residential whole loans measured at fair value	`MortgageLoansOnRealEstateGainLossOnLoansAtFairValue`	$-504.79M	USD	2 Qtrs
Net mark-to-market and other net (loss)/gain on residential whole loans measured at fair value	`MortgageLoansOnRealEstateGainLossOnLoansAtFairValue`	$-216.41M	USD	1 Quarter
Net mark-to-market and other net (loss)/gain on residential whole loans measured at fair value	`MortgageLoansOnRealEstateGainLossOnLoansAtFairValue`	$37.51M	USD	2 Qtrs
Net gains/(losses) on derivatives used for risk management purposes	`GainLossFromPriceRiskManagementActivity`	$-1.06M	USD	2 Qtrs
Net gains/(losses) on derivatives used for risk management purposes	`GainLossFromPriceRiskManagementActivity`	$141.91M	USD	2 Qtrs
Net gains/(losses) on derivatives used for risk management purposes	`GainLossFromPriceRiskManagementActivity`	$-1.06M	USD	1 Quarter
Net gains/(losses) on derivatives used for risk management purposes	`GainLossFromPriceRiskManagementActivity`	$47.80M	USD	1 Quarter
Net mark-to-market on Securitized debt measured at fair value	`UnrealizedGainLossOnSecuritizedDebt`	$-232.00K	USD	1 Quarter
Net mark-to-market on Securitized debt measured at fair value	`UnrealizedGainLossOnSecuritizedDebt`	$84.57M	USD	1 Quarter
Net mark-to-market on Securitized debt measured at fair value	`UnrealizedGainLossOnSecuritizedDebt`	$-1.24M	USD	2 Qtrs
Net mark-to-market on Securitized debt measured at fair value	`UnrealizedGainLossOnSecuritizedDebt`	$148.69M	USD	2 Qtrs
Net gain on real estate owned	`GainsLossesOnSalesOfInvestmentRealEstate`	$15.92M	USD	2 Qtrs
Net gain on real estate owned	`GainsLossesOnSalesOfInvestmentRealEstate`	$4.46M	USD	1 Quarter
Net gain on real estate owned	`GainsLossesOnSalesOfInvestmentRealEstate`	$6.90M	USD	2 Qtrs
Net gain on real estate owned	`GainsLossesOnSalesOfInvestmentRealEstate`	$7.18M	USD	1 Quarter
Lima One - origination, servicing and other fee income	`OriginationServicingAndOtherFeeIncome`	-	USD	1 Quarter
Lima One - origination, servicing and other fee income	`OriginationServicingAndOtherFeeIncome`	$10.67M	USD	1 Quarter
Lima One - origination, servicing and other fee income	`OriginationServicingAndOtherFeeIncome`	$25.17M	USD	2 Qtrs
Lima One - origination, servicing and other fee income	`OriginationServicingAndOtherFeeIncome`	-	USD	2 Qtrs
Other, net	`OtherOperatingIncomeExpenseNet`	$12.46M	USD	1 Quarter
Other, net	`OtherOperatingIncomeExpenseNet`	$13.86M	USD	2 Qtrs
Other, net	`OtherOperatingIncomeExpenseNet`	$-10.85M	USD	2 Qtrs
Other, net	`OtherOperatingIncomeExpenseNet`	$-10.27M	USD	1 Quarter
Other (Loss)/Income, net	`NoninterestIncomeLossNet`	$-183.96M	USD	2 Qtrs
Other (Loss)/Income, net	`NoninterestIncomeLossNet`	$21.65M	USD	1 Quarter
Other (Loss)/Income, net	`NoninterestIncomeLossNet`	$-76.45M	USD	1 Quarter
Other (Loss)/Income, net	`NoninterestIncomeLossNet`	$55.97M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$38.62M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$19.06M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$8.89M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$17.32M	USD	2 Qtrs
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$14.68M	USD	2 Qtrs
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$7.89M	USD	1 Quarter
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$10.51M	USD	1 Quarter
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$19.20M	USD	2 Qtrs
Loan servicing, financing and other related costs	`OtherCostAndExpenseOperating`	$13.23M	USD	1 Quarter
Loan servicing, financing and other related costs	`OtherCostAndExpenseOperating`	$23.64M	USD	2 Qtrs
Loan servicing, financing and other related costs	`OtherCostAndExpenseOperating`	$6.00M	USD	1 Quarter
Loan servicing, financing and other related costs	`OtherCostAndExpenseOperating`	$13.30M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.60M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.30M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Operating and Other Expense	`CostsAndExpenses`	$46.10M	USD	1 Quarter
Operating and Other Expense	`CostsAndExpenses`	$22.77M	USD	1 Quarter
Operating and Other Expense	`CostsAndExpenses`	$88.06M	USD	2 Qtrs
Operating and Other Expense	`CostsAndExpenses`	$45.30M	USD	2 Qtrs
Net (Loss)/Income	`NetIncomeLoss`	$-82.91M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$152.24M	USD	2 Qtrs
Net (Loss)/Income	`NetIncomeLoss`	$85.52M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$-183.27M	USD	2 Qtrs
Net (Loss)/Income	`NetIncomeLoss`	$-100.37M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$66.71M	USD	1 Quarter
Less Preferred Stock Dividend Requirement	`PreferredStockDividendsIncomeStatementImpact`	$8.22M	USD	1 Quarter
Less Preferred Stock Dividend Requirement	`PreferredStockDividendsIncomeStatementImpact`	$16.44M	USD	2 Qtrs
Less Preferred Stock Dividend Requirement	`PreferredStockDividendsIncomeStatementImpact`	$16.44M	USD	2 Qtrs
Less Preferred Stock Dividend Requirement	`PreferredStockDividendsIncomeStatementImpact`	$8.22M	USD	1 Quarter
Net (Loss)/Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasicAndParticipatingSecurities`	$135.80M	USD	2 Qtrs
Net (Loss)/Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasicAndParticipatingSecurities`	$58.49M	USD	1 Quarter
Net (Loss)/Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasicAndParticipatingSecurities`	$-108.59M	USD	1 Quarter
Net (Loss)/Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasicAndParticipatingSecurities`	$-199.71M	USD	2 Qtrs
Basic (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareBasic`	$-1.06	USD	1 Quarter
Basic (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareBasic`	$1.21	USD	2 Qtrs
Basic (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareBasic`	$-1.91	USD	2 Qtrs
Diluted (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$-1.91	USD	2 Qtrs
Diluted (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$-1.06	USD	1 Quarter
Diluted (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$1.20	USD	2 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net (loss)/income	`NetIncomeLoss`	$-82.91M	USD	1 Quarter
Net (loss)/income	`NetIncomeLoss`	$152.24M	USD	2 Qtrs
Net (loss)/income	`NetIncomeLoss`	$85.52M	USD	1 Quarter
Net (loss)/income	`NetIncomeLoss`	$-183.27M	USD	2 Qtrs
Net (loss)/income	`NetIncomeLoss`	$-100.37M	USD	1 Quarter
Net (loss)/income	`NetIncomeLoss`	$66.71M	USD	1 Quarter
Losses/(gains) on residential whole loans and real estate owned, net	`ResidentialWholeLoansGainLoss`	$41.42M	USD	2 Qtrs
Losses/(gains) on residential whole loans and real estate owned, net	`ResidentialWholeLoansGainLoss`	$-485.10M	USD	2 Qtrs
Losses/(gains) on securities, net	`DebtSecuritiesGainLoss`	$1.48M	USD	2 Qtrs
Losses/(gains) on securities, net	`DebtSecuritiesGainLoss`	$-4.38M	USD	2 Qtrs
Accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities, and amortization of terminated hedging instruments	`AccretionAndAmortizationOfPurchaseDiscounts`	$18.65M	USD	2 Qtrs
Accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities, and amortization of terminated hedging instruments	`AccretionAndAmortizationOfPurchaseDiscounts`	$6.85M	USD	2 Qtrs
Provision/(reversal of provision) for credit losses on residential whole loans and other assets	`ProvisionForReversalOfCreditAndValuationLossesOnResidentialWholeLoansAndOtherFinancialInstrumentsAtCarryingValue`	$-33.23M	USD	2 Qtrs
Provision/(reversal of provision) for credit losses on residential whole loans and other assets	`ProvisionForReversalOfCreditAndValuationLossesOnResidentialWholeLoansAndOtherFinancialInstrumentsAtCarryingValue`	$25.96M	USD	2 Qtrs
Net (gains)/losses on derivatives used for risk management purposes	`UnrealizedGainLossOnDerivatives`	$151.71M	USD	2 Qtrs
Net (gains)/losses on derivatives used for risk management purposes	`UnrealizedGainLossOnDerivatives`	$-1.06M	USD	2 Qtrs
Net mark-to-market on Securitized debt measured at fair value	`GainLossOnSecuritizationOfFinancialAssets`	$7.40M	USD	2 Qtrs
Net mark-to-market on Securitized debt measured at fair value	`GainLossOnSecuritizationOfFinancialAssets`	$147.20M	USD	2 Qtrs
Unrealized loss on loan originator investment	`UnrealizedGainLossOnInvestmentInLoanOriginator`	$-11.36M	USD	2 Qtrs
Unrealized loss on loan originator investment	`UnrealizedGainLossOnInvestmentInLoanOriginator`	-	USD	2 Qtrs
Net other non-cash losses included in net income	`OtherNonCashLossesIncludedInNetIncome`	$15.55M	USD	2 Qtrs
Net other non-cash losses included in net income	`OtherNonCashLossesIncludedInNetIncome`	$14.85M	USD	2 Qtrs
Decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-18.09M	USD	2 Qtrs
Decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-161.86M	USD	2 Qtrs
(Decrease)/increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.57M	USD	2 Qtrs
(Decrease)/increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$11.84M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$209.92M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$96.60M	USD	2 Qtrs
Purchases of residential whole loans, loan related investments and capitalized advances	`PaymentsToAcquireLoansHeldForInvestment`	$1.03B	USD	2 Qtrs
Purchases of residential whole loans, loan related investments and capitalized advances	`PaymentsToAcquireLoansHeldForInvestment`	$1.96B	USD	2 Qtrs
Principal payments on residential whole loans and loan related investments	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$1.13B	USD	2 Qtrs
Principal payments on residential whole loans and loan related investments	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$917.55M	USD	2 Qtrs
Proceeds from sales of securities and other assets	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$369.00K	USD	2 Qtrs
Proceeds from sales of securities and other assets	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Principal payments on securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$2.45M	USD	2 Qtrs
Principal payments on securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$110.32M	USD	2 Qtrs
Purchases of real estate owned and capital improvements	`PurchaseOfRealEstateOwnedAndCapitalImprovements`	$629.00K	USD	2 Qtrs
Purchases of real estate owned and capital improvements	`PurchaseOfRealEstateOwnedAndCapitalImprovements`	$624.00K	USD	2 Qtrs
Proceeds from sales of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$81.44M	USD	2 Qtrs
Proceeds from sales of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$88.62M	USD	2 Qtrs
Additions to leasehold improvements, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.23M	USD	2 Qtrs
Additions to leasehold improvements, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.59M	USD	2 Qtrs
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$39.49M	USD	2 Qtrs
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-747.64M	USD	2 Qtrs
Principal payments on financing agreements with mark-to-market collateral provisions	`PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchaseAndOtherAdvances`	$1.73B	USD	2 Qtrs
Principal payments on financing agreements with mark-to-market collateral provisions	`PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchaseAndOtherAdvances`	$698.22M	USD	2 Qtrs
Proceeds from borrowings under financing agreements with mark-to-market collateral provisions	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithMarkToMarketCollateralProvisions`	$1.79B	USD	2 Qtrs
Proceeds from borrowings under financing agreements with mark-to-market collateral provisions	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithMarkToMarketCollateralProvisions`	$721.38M	USD	2 Qtrs
Principal payments on other collateralized financing agreements	`PrincipalPaymentsOnFinancingAgreementsWithNonMarkToMarketCollateralProvisions`	$1.26B	USD	2 Qtrs
Principal payments on other collateralized financing agreements	`PrincipalPaymentsOnFinancingAgreementsWithNonMarkToMarketCollateralProvisions`	$1.07B	USD	2 Qtrs
Proceeds from borrowings under other collateralized financing agreements	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithNonMarkToMarketCollateralProvisions`	$2.10B	USD	2 Qtrs
Proceeds from borrowings under other collateralized financing agreements	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithNonMarkToMarketCollateralProvisions`	$1.24B	USD	2 Qtrs
Payment made for other collateralized financing agreement related costs	`PaymentsMadeForSecuritizationRelatedCost`	$9.63M	USD	2 Qtrs
Payment made for other collateralized financing agreement related costs	`PaymentsMadeForSecuritizationRelatedCost`	$5.12M	USD	2 Qtrs
Principal payment on redemption of Senior notes	`PrincipalPaymentOnRedemptionOfSeniorNotes`	-	USD	2 Qtrs
Principal payment on redemption of Senior notes	`PrincipalPaymentOnRedemptionOfSeniorNotes`	$100.00M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$772.00K	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.12M	USD	2 Qtrs
Payments made for the repurchase of common stock through the stock repurchase program	`PaymentsForRepurchaseOfCommonStock`	$48.08M	USD	2 Qtrs
Payments made for the repurchase of common stock through the stock repurchase program	`PaymentsForRepurchaseOfCommonStock`	$102.31M	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$16.44M	USD	2 Qtrs
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$16.44M	USD	2 Qtrs
Dividends paid on common stock and dividend equivalents	`PaymentsOfDividendsCommonStock`	$67.66M	USD	2 Qtrs
Dividends paid on common stock and dividend equivalents	`PaymentsOfDividendsCommonStock`	$94.11M	USD	2 Qtrs
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.36M	USD	2 Qtrs
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$678.62M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$140.90M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$93.73M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$821.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$545.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$404.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$915.25M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$821.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$545.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$404.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$915.25M	USD	Point-in-time
Interest Paid	`InterestPaidNet`	$58.61M	USD	2 Qtrs
Interest Paid	`InterestPaidNet`	$89.37M	USD	2 Qtrs
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$38.37M	USD	2 Qtrs
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$18.30M	USD	1 Quarter
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$45.22M	USD	2 Qtrs
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$23.14M	USD	1 Quarter
Dividends and dividend equivalents declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$44.24M	USD	Point-in-time
Dividends and dividend equivalents declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$44.96M	USD	Point-in-time
Payable for unsettled residential whole loan purchases	`NoncashPayableForUnsettledLoanPurchases`	$131.28M	USD	2 Qtrs
Payable for unsettled residential whole loan purchases	`NoncashPayableForUnsettledLoanPurchases`	-	USD	2 Qtrs
Right-of-use lease asset and lease liability	`RightOfUseLeaseAndAssetLeaseLiability`	$40.89M	USD	2 Qtrs
Right-of-use lease asset and lease liability	`RightOfUseLeaseAndAssetLeaseLiability`	-	USD	2 Qtrs

Stockholders Equity 71 line items

Line Item	Tag	Value	Unit	Period
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.44	USD	1 Quarter
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Common stock, cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.44	USD	1 Quarter
Common stock, cash dividends paid (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Common stock, cash dividends paid (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Common stock, cash dividends paid (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.11	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.52B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.54B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.15B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.54B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.35B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.53B	USD	Point-in-time
Net Income	`NetIncomeLoss`	$-82.91M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$152.24M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$85.52M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-183.27M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$-100.37M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$66.71M	USD	1 Quarter
Stock split ratio, common stock	`StockholdersEquityNoteStockSplitConversionRatio1`	0.25	pure	1 Quarter
Stock split ratio, common stock	`StockholdersEquityNoteStockSplitConversionRatio1`	0.25	pure	Point-in-time
Stock split ratio, common stock	`StockholdersEquityNoteStockSplitConversionRatio1`	0.25	pure	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$486.00K	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$553.00K	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$382.00K	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$398.00K	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$25.14M	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$23.74M	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$47.51M	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$55.74M	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.74M	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.64M	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.54M	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.69M	USD	1 Quarter
Change in accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$-76.00K	USD	1 Quarter
Change in accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$489.00K	USD	1 Quarter
Change in accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$-662.00K	USD	1 Quarter
Change in accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$-288.00K	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$46.22M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$33.52M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$44.08M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$44.79M	USD	1 Quarter
Dividends declared on preferred stock	`DividendsPreferredStock`	$8.22M	USD	1 Quarter
Dividends declared on preferred stock	`DividendsPreferredStock`	$16.44M	USD	2 Qtrs
Dividends declared on preferred stock	`DividendsPreferredStock`	$16.44M	USD	2 Qtrs
Dividends declared on preferred stock	`DividendsPreferredStock`	$8.22M	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$155.00K	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$174.00K	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$120.00K	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$141.00K	USD	1 Quarter
Change in unrealized gains on securities, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-4.94M	USD	1 Quarter
Change in unrealized gains on securities, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-4.98M	USD	1 Quarter
Change in unrealized gains on securities, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-3.85M	USD	1 Quarter
Change in unrealized gains on securities, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-9.59M	USD	1 Quarter
Derivative hedging instrument fair value changes and amortization, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	-	USD	1 Quarter
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-1.25M	USD	1 Quarter
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-491.00K	USD	1 Quarter
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-726.00K	USD	2 Qtrs
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-1.25M	USD	2 Qtrs
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	-	USD	1 Quarter
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-235.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$2.52B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.54B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.15B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.54B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.35B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.53B	USD	Point-in-time
Dividend declared per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
Dividend declared per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.44	USD	1 Quarter
Dividend declared per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividend declared per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.44	USD	1 Quarter

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net (loss)/income	`NetIncomeLoss`	$-82.91M	USD	1 Quarter
Net (loss)/income	`NetIncomeLoss`	$152.24M	USD	2 Qtrs
Net (loss)/income	`NetIncomeLoss`	$85.52M	USD	1 Quarter
Net (loss)/income	`NetIncomeLoss`	$-183.27M	USD	2 Qtrs
Net (loss)/income	`NetIncomeLoss`	$-100.37M	USD	1 Quarter
Net (loss)/income	`NetIncomeLoss`	$66.71M	USD	1 Quarter
Unrealized (losses) on securities available-for-sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.44M	USD	2 Qtrs
Unrealized (losses) on securities available-for-sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.94M	USD	1 Quarter
Unrealized (losses) on securities available-for-sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.59M	USD	1 Quarter
Unrealized (losses) on securities available-for-sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.91M	USD	2 Qtrs
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-1.25M	USD	1 Quarter
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-491.00K	USD	1 Quarter
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-726.00K	USD	2 Qtrs
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-1.25M	USD	2 Qtrs
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	-	USD	1 Quarter
Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk	`OtherComprehensiveIncomeLossChangeInFairValueOfFinancingAgreementsAtFairValue`	$-235.00K	USD	1 Quarter
Other Comprehensive (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.72M	USD	2 Qtrs
Other Comprehensive (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.94M	USD	1 Quarter
Other Comprehensive (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.66M	USD	2 Qtrs
Other Comprehensive (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.10M	USD	1 Quarter
Comprehensive (loss)/income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$57.62M	USD	1 Quarter
Comprehensive (loss)/income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$-105.30M	USD	1 Quarter
Comprehensive (loss)/income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$-191.93M	USD	2 Qtrs
Comprehensive (loss)/income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$139.52M	USD	2 Qtrs
Dividends required on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$8.22M	USD	1 Quarter
Dividends required on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$16.44M	USD	2 Qtrs
Dividends required on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$16.44M	USD	2 Qtrs
Dividends required on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$8.22M	USD	1 Quarter
Comprehensive (Loss)/Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$-113.52M	USD	1 Quarter
Comprehensive (Loss)/Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$123.08M	USD	2 Qtrs
Comprehensive (Loss)/Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$-208.37M	USD	2 Qtrs
Comprehensive (Loss)/Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$49.40M	USD	1 Quarter

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