10-Q Filing

MFA FINANCIAL, INC. CIK: 1055160 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001055160-23-000015`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	mfa-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 122 Cash Flow Statement 88 Stockholders Equity 59 Comprehensive Income 31

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Residential whole loans, net ($6,164,293 and $5,305,349 held at fair value, respectively)	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$8.14B	USD	Point-in-time
Residential whole loans, net ($6,164,293 and $5,305,349 held at fair value, respectively)	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$7.52B	USD	Point-in-time
Securities, at fair value	`AvailableForSaleSecuritiesDebtSecurities`	$594.29M	USD	Point-in-time
Securities, at fair value	`AvailableForSaleSecuritiesDebtSecurities`	$333.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$329.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$334.18M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$174.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$159.90M	USD	Point-in-time
Other assets	`OtherAssets`	$498.75M	USD	Point-in-time
Other assets	`OtherAssets`	$766.22M	USD	Point-in-time
Total Assets	`Assets`	$9.11B	USD	Point-in-time
Total Assets	`Assets`	$9.74B	USD	Point-in-time
Financing agreements ($4,116,746 and $3,898,744 held at fair value, respectively)	`FinancingAgreementsFairValueAndCarryingValue1`	$7.57B	USD	Point-in-time
Financing agreements ($4,116,746 and $3,898,744 held at fair value, respectively)	`FinancingAgreementsFairValueAndCarryingValue1`	$6.81B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$311.47M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$223.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.12B	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.79B	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; 101,916 and 101,802 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; 101,916 and 101,802 shares issued and outstanding, respectively	`CommonStockValue`	$1.02M	USD	Point-in-time
Additional paid-in capital, in excess of par	`AdditionalPaidInCapital`	$3.69B	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, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.72B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.76B	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 other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$21.34M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.92M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.80M	shares	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$13.42M	USD	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
Total Stockholders Equity	`StockholdersEquity`	$1.94B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.99B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	101.92M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	101.80M	shares	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.02B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.11B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.74B	USD	Point-in-time

Income Statement 122 line items

Line Item	Tag	Value	Unit	Period
Residential whole loans	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$102.35M	USD	1 Quarter
Residential whole loans	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$128.05M	USD	1 Quarter
Residential whole loans	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$201.82M	USD	2 Qtrs
Residential whole loans	`InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate`	$247.56M	USD	2 Qtrs
Securities, at fair value	`InterestIncomeSecuritiesMortgageBacked`	$9.95M	USD	1 Quarter
Securities, at fair value	`InterestIncomeSecuritiesMortgageBacked`	$17.26M	USD	2 Qtrs
Securities, at fair value	`InterestIncomeSecuritiesMortgageBacked`	$5.29M	USD	1 Quarter
Securities, at fair value	`InterestIncomeSecuritiesMortgageBacked`	$10.57M	USD	2 Qtrs
Other interest-earning assets	`OtherOperatingIncome`	$1.35M	USD	1 Quarter
Other interest-earning assets	`OtherOperatingIncome`	$2.62M	USD	1 Quarter
Other interest-earning assets	`OtherOperatingIncome`	$4.97M	USD	2 Qtrs
Other interest-earning assets	`OtherOperatingIncome`	$2.85M	USD	2 Qtrs
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$324.00K	USD	1 Quarter
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$426.00K	USD	2 Qtrs
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$6.77M	USD	2 Qtrs
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$3.73M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$276.56M	USD	2 Qtrs
Interest Income	`InterestAndDividendIncomeOperating`	$144.35M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$215.67M	USD	2 Qtrs
Interest Income	`InterestAndDividendIncomeOperating`	$109.32M	USD	1 Quarter
Asset-backed and other collateralized financing arrangements	`InterestExpenseAssetBackedAndCollateralizedFinancingAgreements`	$52.80M	USD	1 Quarter
Asset-backed and other collateralized financing arrangements	`InterestExpenseAssetBackedAndCollateralizedFinancingAgreements`	$95.88M	USD	1 Quarter
Asset-backed and other collateralized financing arrangements	`InterestExpenseAssetBackedAndCollateralizedFinancingAgreements`	$184.76M	USD	2 Qtrs
Asset-backed and other collateralized financing arrangements	`InterestExpenseAssetBackedAndCollateralizedFinancingAgreements`	$92.17M	USD	2 Qtrs
Other interest expense	`InterestExpenseDebt`	$3.96M	USD	1 Quarter
Other interest expense	`InterestExpenseDebt`	$7.92M	USD	2 Qtrs
Other interest expense	`InterestExpenseDebt`	$3.94M	USD	1 Quarter
Other interest expense	`InterestExpenseDebt`	$7.87M	USD	2 Qtrs
Interest Expense	`InterestExpense`	$192.68M	USD	2 Qtrs
Interest Expense	`InterestExpense`	$99.84M	USD	1 Quarter
Interest Expense	`InterestExpense`	$56.74M	USD	1 Quarter
Interest Expense	`InterestExpense`	$100.04M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$115.63M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$44.51M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$83.87M	USD	2 Qtrs
Net Interest Income	`InterestIncomeExpenseNet`	$52.58M	USD	1 Quarter
(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`	$281.00K	USD	2 Qtrs
(Provision)/Reversal of Provision for Credit Losses on Residential Whole Loans	`ReversalProvisionForCreditLossesOnResidentialWholeLoans`	$294.00K	USD	1 Quarter
(Provision)/Reversal of Provision for Credit Losses on Residential Whole Loans	`ReversalProvisionForCreditLossesOnResidentialWholeLoans`	$-1.69M	USD	2 Qtrs
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
Provision for Credit Losses on Other Assets	`ProvisionForOtherCreditLosses`	-	USD	1 Quarter
Provision for Credit Losses on Other Assets	`ProvisionForOtherCreditLosses`	-	USD	2 Qtrs
Net Interest Income/(Expense) after Provision for Credit Losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$22.18M	USD	1 Quarter
Net Interest Income/(Expense) after Provision for Credit Losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$44.21M	USD	1 Quarter
Net Interest Income/(Expense) after Provision for Credit Losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$83.59M	USD	2 Qtrs
Net Interest Income/(Expense) after Provision for Credit Losses	`InterestIncomeExpenseAfterProvisionForLoanLoss`	$88.75M	USD	2 Qtrs
Net loss on residential whole loans measured at fair value through earnings	`MortgageLoansOnRealEstateGainLossOnLoansAtFairValue`	$-130.70M	USD	1 Quarter
Net loss on residential whole loans measured at fair value through earnings	`MortgageLoansOnRealEstateGainLossOnLoansAtFairValue`	$-1.53M	USD	2 Qtrs
Net loss on residential whole loans measured at fair value through earnings	`MortgageLoansOnRealEstateGainLossOnLoansAtFairValue`	$-218.18M	USD	1 Quarter
Net loss on residential whole loans measured at fair value through earnings	`MortgageLoansOnRealEstateGainLossOnLoansAtFairValue`	$-506.12M	USD	2 Qtrs
Impairment and other net loss on securities and other portfolio investments	`ImpairmentAndOtherLossesGainsOnSecuritiesAvailableForSaleAndOtherAssets`	$4.57M	USD	1 Quarter
Impairment and other net loss on securities and other portfolio investments	`ImpairmentAndOtherLossesGainsOnSecuritiesAvailableForSaleAndOtherAssets`	$15.75M	USD	2 Qtrs
Impairment and other net loss on securities and other portfolio investments	`ImpairmentAndOtherLossesGainsOnSecuritiesAvailableForSaleAndOtherAssets`	$12.05M	USD	1 Quarter
Impairment and other net loss on securities and other portfolio investments	`ImpairmentAndOtherLossesGainsOnSecuritiesAvailableForSaleAndOtherAssets`	$1.64M	USD	2 Qtrs
Net gain on real estate owned	`GainsLossesOnSalesOfInvestmentRealEstate`	$2.15M	USD	1 Quarter
Net gain on real estate owned	`GainsLossesOnSalesOfInvestmentRealEstate`	$6.09M	USD	2 Qtrs
Net gain on real estate owned	`GainsLossesOnSalesOfInvestmentRealEstate`	$15.92M	USD	2 Qtrs
Net gain on real estate owned	`GainsLossesOnSalesOfInvestmentRealEstate`	$7.18M	USD	1 Quarter
Net gain on derivatives used for risk management purposes	`GainLossFromPriceRiskManagementActivity`	$60.45M	USD	1 Quarter
Net gain on derivatives used for risk management purposes	`GainLossFromPriceRiskManagementActivity`	$47.80M	USD	1 Quarter
Net gain on derivatives used for risk management purposes	`GainLossFromPriceRiskManagementActivity`	$39.24M	USD	2 Qtrs
Net gain on derivatives used for risk management purposes	`GainLossFromPriceRiskManagementActivity`	$141.91M	USD	2 Qtrs
Net gain/(loss) on securitized debt measured at fair value through earnings	`FairValueChangesOnSecuritizedDebt`	$148.69M	USD	2 Qtrs
Net gain/(loss) on securitized debt measured at fair value through earnings	`FairValueChangesOnSecuritizedDebt`	$84.57M	USD	1 Quarter
Net gain/(loss) on securitized debt measured at fair value through earnings	`FairValueChangesOnSecuritizedDebt`	$27.39M	USD	1 Quarter
Net gain/(loss) on securitized debt measured at fair value through earnings	`FairValueChangesOnSecuritizedDebt`	$-24.33M	USD	2 Qtrs
Lima One - origination, servicing and other fee income	`OriginationServicingAndOtherFeeIncome`	$20.45M	USD	2 Qtrs
Lima One - origination, servicing and other fee income	`OriginationServicingAndOtherFeeIncome`	$25.17M	USD	2 Qtrs
Lima One - origination, servicing and other fee income	`OriginationServicingAndOtherFeeIncome`	$11.48M	USD	1 Quarter
Lima One - origination, servicing and other fee income	`OriginationServicingAndOtherFeeIncome`	$10.67M	USD	1 Quarter
Other, net	`OtherOperatingIncomeExpenseNet`	$6.22M	USD	2 Qtrs
Other, net	`OtherOperatingIncomeExpenseNet`	$8.67M	USD	2 Qtrs
Other, net	`OtherOperatingIncomeExpenseNet`	$5.50M	USD	1 Quarter
Other, net	`OtherOperatingIncomeExpenseNet`	$3.54M	USD	1 Quarter
Other (Loss)/Income, net	`NoninterestIncomeLossNet`	$-28.30M	USD	1 Quarter
Other (Loss)/Income, net	`NoninterestIncomeLossNet`	$-76.45M	USD	1 Quarter
Other (Loss)/Income, net	`NoninterestIncomeLossNet`	$-183.96M	USD	2 Qtrs
Other (Loss)/Income, net	`NoninterestIncomeLossNet`	$46.96M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$19.06M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$42.40M	USD	2 Qtrs
Compensation and benefits	`LaborAndRelatedExpense`	$21.77M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$38.62M	USD	2 Qtrs
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$11.17M	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
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$21.56M	USD	2 Qtrs
Loan servicing, financing and other related costs	`OtherCostAndExpenseOperating`	$7.60M	USD	1 Quarter
Loan servicing, financing and other related costs	`OtherCostAndExpenseOperating`	$13.23M	USD	1 Quarter
Loan servicing, financing and other related costs	`OtherCostAndExpenseOperating`	$17.14M	USD	2 Qtrs
Loan servicing, financing and other related costs	`OtherCostAndExpenseOperating`	$23.64M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.60M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.30M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.30M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.60M	USD	2 Qtrs
Operating and Other Expense	`CostsAndExpenses`	$41.84M	USD	1 Quarter
Operating and Other Expense	`CostsAndExpenses`	$83.70M	USD	2 Qtrs
Operating and Other Expense	`CostsAndExpenses`	$88.06M	USD	2 Qtrs
Operating and Other Expense	`CostsAndExpenses`	$46.10M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$-100.37M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$-183.27M	USD	2 Qtrs
Net (Loss)/Income	`NetIncomeLoss`	$-25.93M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$-82.91M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$46.86M	USD	2 Qtrs
Net (Loss)/Income	`NetIncomeLoss`	$72.78M	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
Less Preferred Stock Dividend Requirement	`PreferredStockDividendsIncomeStatementImpact`	$8.22M	USD	1 Quarter
Net (Loss)/Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasicAndParticipatingSecurities`	$-199.71M	USD	2 Qtrs
Net (Loss)/Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasicAndParticipatingSecurities`	$-34.15M	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`	$30.42M	USD	2 Qtrs
Basic (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareBasic`	$-1.91	USD	2 Qtrs
Basic (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareBasic`	$-0.34	USD	1 Quarter
Basic (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareBasic`	$0.30	USD	2 Qtrs
Basic (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareBasic`	$-1.06	USD	1 Quarter
Diluted (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$-0.34	USD	1 Quarter
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`	$0.29	USD	2 Qtrs
Diluted (Loss)/Earnings per Common Share (in dollars per share)	`EarningsPerShareDiluted`	$-1.91	USD	2 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeLoss`	$-100.37M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-183.27M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-25.93M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-82.91M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$46.86M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$72.78M	USD	1 Quarter
Net (gain)/loss on residential whole loans	`ResidentialWholeLoansGainLoss`	$-1.53M	USD	2 Qtrs
Net (gain)/loss on residential whole loans	`ResidentialWholeLoansGainLoss`	$-500.66M	USD	2 Qtrs
Impairment and other net (gain)/loss on securities and other portfolio investments, net	`DebtSecuritiesGainLoss`	$-15.74M	USD	2 Qtrs
Impairment and other net (gain)/loss on securities and other portfolio investments, net	`DebtSecuritiesGainLoss`	$-1.64M	USD	2 Qtrs
Net gain on real estate owned	`ImpairmentAndOtherGainsLossesOnSecuritiesAvailableForSaleAndOtherAssetsAndInvestments`	$-6.13M	USD	2 Qtrs
Net gain on real estate owned	`ImpairmentAndOtherGainsLossesOnSecuritiesAvailableForSaleAndOtherAssetsAndInvestments`	$-15.56M	USD	2 Qtrs
Accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities	`AccretionAndAmortizationOfPurchaseDiscounts`	$6.85M	USD	2 Qtrs
Accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities	`AccretionAndAmortizationOfPurchaseDiscounts`	$10.34M	USD	2 Qtrs
Provision for credit losses on residential whole loans and other assets	`ProvisionForCreditAndValuationLossesOnResidentialWholeLoansAndOtherFinancialInstrumentsAtCarryingValue`	$25.96M	USD	2 Qtrs
Provision for credit losses on residential whole loans and other assets	`ProvisionForCreditAndValuationLossesOnResidentialWholeLoansAndOtherFinancialInstrumentsAtCarryingValue`	$290.00K	USD	2 Qtrs
Net loss/(gain) on derivatives used for risk management purposes	`GainLossOnSaleOfDerivatives`	$151.71M	USD	2 Qtrs
Net loss/(gain) on derivatives used for risk management purposes	`GainLossOnSaleOfDerivatives`	$-5.86M	USD	2 Qtrs
Net loss/(gain) on securitized debt measured at fair value through earnings	`UnrealizedGainLossOnSecuritizedDebtAtFairValue`	$-17.94M	USD	2 Qtrs
Net loss/(gain) on securitized debt measured at fair value through earnings	`UnrealizedGainLossOnSecuritizedDebtAtFairValue`	$147.20M	USD	2 Qtrs
Net margin (paid)/received for derivatives used for risk management purposes	`DerivativeGainLossOnDerivativeNet`	$-30.38M	USD	2 Qtrs
Net margin (paid)/received for derivatives used for risk management purposes	`DerivativeGainLossOnDerivativeNet`	$-102.72M	USD	2 Qtrs
Net other non-cash losses included in net income	`OtherNonCashLossesIncludedInNetIncome`	$16.41M	USD	2 Qtrs
Net other non-cash losses included in net income	`OtherNonCashLossesIncludedInNetIncome`	$12.29M	USD	2 Qtrs
(Increase)/decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-60.04M	USD	2 Qtrs
(Increase)/decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$50.80M	USD	2 Qtrs
Increase/(decrease) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.57M	USD	2 Qtrs
Increase/(decrease) in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$15.60M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$65.13M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$212.37M	USD	2 Qtrs
Purchases and origination of residential whole loans, loan related investments and capitalized advances	`PaymentsToAcquireLoansHeldForInvestment`	$1.34B	USD	2 Qtrs
Purchases and origination of residential whole loans, loan related investments and capitalized advances	`PaymentsToAcquireLoansHeldForInvestment`	$1.96B	USD	2 Qtrs
Proceeds from sales of residential whole loans	`ProceedsFromSaleOfLoansHeldForInvestment`	$262.69M	USD	2 Qtrs
Proceeds from sales of residential whole loans	`ProceedsFromSaleOfLoansHeldForInvestment`	-	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`	$694.99M	USD	2 Qtrs
Purchases of securities	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Purchases of securities	`PaymentsToAcquireInvestments`	$383.75M	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`	$15.77M	USD	2 Qtrs
Proceeds from sales of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$66.17M	USD	2 Qtrs
Proceeds from sales of real estate owned	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$81.44M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.30M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$7.32M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-750.09M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-692.22M	USD	2 Qtrs
Principal payments on financing agreements with mark-to-market collateral provisions	`PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchaseAndOtherAdvances`	$1.24B	USD	2 Qtrs
Principal payments on financing agreements with mark-to-market collateral provisions	`PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchaseAndOtherAdvances`	$1.73B	USD	2 Qtrs
Proceeds from borrowings under financing agreements with mark-to-market collateral provisions	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithMarkToMarketCollateralProvisions`	$1.42B	USD	2 Qtrs
Proceeds from borrowings under financing agreements with mark-to-market collateral provisions	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseWithMarkToMarketCollateralProvisions`	$1.79B	USD	2 Qtrs
Principal payments on other collateralized financing agreements	`PrincipalPaymentsOnFinancingAgreementsWithNonMarkToMarketCollateralProvisions`	$1.26B	USD	2 Qtrs
Principal payments on other collateralized financing agreements	`PrincipalPaymentsOnFinancingAgreementsWithNonMarkToMarketCollateralProvisions`	$939.65M	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`	$1.49B	USD	2 Qtrs
Payment made for other collateralized financing agreement related costs	`PaymentsMadeForSecuritizationRelatedCost`	$6.67M	USD	2 Qtrs
Payment made for other collateralized financing agreement related costs	`PaymentsMadeForSecuritizationRelatedCost`	$9.63M	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$34.00K	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`	$102.31M	USD	2 Qtrs
Payments made for the repurchase of common stock through the stock repurchase program	`PaymentsForRepurchaseOfCommonStock`	-	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`	$94.11M	USD	2 Qtrs
Dividends paid on common stock and dividend equivalents	`PaymentsOfDividendsCommonStock`	$71.53M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$678.62M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$636.40M	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`	$9.31M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$494.08M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$503.40M	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`	$545.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$494.08M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$503.40M	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`	$545.34M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$89.37M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$188.88M	USD	2 Qtrs
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`	$49.18M	USD	2 Qtrs
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$23.14M	USD	1 Quarter
Transfer from residential whole loans to real estate owned	`TransferToOtherRealEstate`	$28.26M	USD	1 Quarter
Dividends and dividend equivalents declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$44.96M	USD	Point-in-time
Dividends and dividend equivalents declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$35.79M	USD	Point-in-time
Payable for purchase of unsettled Agency MBS	`NoncashPayableForUnsettledLoanPurchases`	-	USD	2 Qtrs
Payable for purchase of unsettled Agency MBS	`NoncashPayableForUnsettledLoanPurchases`	$30.93M	USD	2 Qtrs

Stockholders Equity 59 line items

Line Item	Tag	Value	Unit	Period
Dividend declared per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.35	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`	$0.44	USD	1 Quarter
Dividend declared per share, common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.35	USD	1 Quarter
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`	$1.94B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.99B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.02B	USD	Point-in-time
Net income/(loss)	`NetIncomeLoss`	$-100.37M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-183.27M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-25.93M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-82.91M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$46.86M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$72.78M	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$486.00K	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$18.00K	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$16.00K	USD	1 Quarter
Issuance of common stock, net of expenses	`StockIssuedDuringPeriodValueNewIssues`	$553.00K	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$47.51M	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$599.00K	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$55.74M	USD	1 Quarter
Repurchase of shares of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.54M	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.02M	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.64M	USD	1 Quarter
Equity based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.93M	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`	$-1.04M	USD	1 Quarter
Change in accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$-375.00K	USD	1 Quarter
Change in accrued dividends attributable to stock-based awards	`AdjustmentsToAdditionalPaidInCapitalOther`	$-662.00K	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$46.22M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$35.67M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$44.79M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$35.67M	USD	1 Quarter
Dividends declared on preferred stock	`DividendsPreferredStock`	$8.22M	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 attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$174.00K	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$118.00K	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$86.00K	USD	1 Quarter
Dividends attributable to dividend equivalents	`DividendsDividendEquivalentRights`	$141.00K	USD	1 Quarter
Change in unrealized gains on securities, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.12M	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`	$-6.80M	USD	1 Quarter
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`	$-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	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`	$-1.25M	USD	1 Quarter
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`	$1.94B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.99B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.02B	USD	Point-in-time

Comprehensive Income 31 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeLoss`	$-100.37M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-183.27M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$-25.93M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$-82.91M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$46.86M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$72.78M	USD	1 Quarter
Unrealized losses on securities available-for-sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.94M	USD	1 Quarter
Unrealized losses on securities available-for-sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-7.92M	USD	2 Qtrs
Unrealized losses on securities available-for-sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.91M	USD	2 Qtrs
Unrealized losses on securities available-for-sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-6.80M	USD	1 Quarter
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`	$-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	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`	$-1.25M	USD	1 Quarter
Other Comprehensive (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.92M	USD	2 Qtrs
Other Comprehensive (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.66M	USD	2 Qtrs
Other Comprehensive (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.80M	USD	1 Quarter
Other Comprehensive (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.94M	USD	1 Quarter
Comprehensive income/(loss) before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$38.94M	USD	2 Qtrs
Comprehensive income/(loss) before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$-105.30M	USD	1 Quarter
Comprehensive income/(loss) before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$-191.93M	USD	2 Qtrs
Comprehensive income/(loss) before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$-32.73M	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
Dividends required on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$8.22M	USD	1 Quarter
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$-113.52M	USD	1 Quarter
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$22.50M	USD	2 Qtrs
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$-40.95M	USD	1 Quarter
Comprehensive Income/(Loss) Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$-208.37M	USD	2 Qtrs

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