$MITT
AG Mortgage Investment Trust, Inc. Stock $mitt

$mitt Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000151428123000048 Filed on May 05, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2022 Q1
Revenue	$60.79M	$57.80M	$33.42M
YoY Change	54.25%	72.97%	175.72%
Cost Of Revenue	$51.49M	$49.31M	$19.09M
YoY Change	96.96%	158.3%	201.6%
Gross Profit	$9.298M	$8.490M	$14.33M
YoY Change	-29.92%	-40.74%	147.43%
Gross Profit Margin	15.3%	14.69%	42.87%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$4.806M	$4.096M	$3.688M
YoY Change	25.71%	11.06%	-6.87%
Operating Profit	$4.492M	$4.394M	$10.64M
YoY Change	-52.44%	-58.7%	481.31%
Interest Expense	$3.522M	$46.19M	$16.12M
YoY Change	-84.8%	186.49%	297.0%
% of Operating Profit	78.41%	1051.16%	151.55%
Other Income/Expense, Net	-$396.0K	$9.837M	-$15.91M
YoY Change	-99.19%	-161.84%	-205.3%
Pretax Income	$7.618M	$12.52M	-$11.15M
YoY Change	-117.75%	-212.34%	-165.91%
Income Tax	$0.00	$200.0K	$9.000K
% Of Pretax Income	0.0%	1.6%
Net Earnings	$3.470M	$12.54M	-$13.20M
YoY Change	-107.12%	-194.99%	-130.53%
Net Earnings / Revenue	5.71%	21.69%	-39.51%
Basic Earnings Per Share	$0.17	$0.38	-$0.74
Diluted Earnings Per Share	$0.17	$0.38	-$0.74
COMMON SHARES
Basic Shares Outstanding	20.25M shares	21.21M shares	23.92M shares
Diluted Shares Outstanding	20.25M shares	21.07M shares	23.92M shares

Balance Sheet

Concept	2023 Q2	2023 Q1	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$80.31M	$87.88M	$50.54M
YoY Change	-9.33%	73.87%	-2.05%
Cash & Equivalents	$80.31M	$87.88M	$50.54M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$1.761M	$264.0K	$109.5M
Other Receivables	$20.54M	$20.27M	$15.52M
Total Short-Term Assets	$80.31M	$108.4M	$175.6M
YoY Change	-24.23%	-38.26%	212.47%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$4.244B	$4.361B	$2.439B
YoY Change	44.08%	78.84%	113.73%
Other Assets	$25.06M	$14.55M	$45.63M
YoY Change	-51.88%	-68.12%	14.36%
Total Long-Term Assets	$4.537B	$4.514B	$3.663B
YoY Change	20.24%	23.21%	94.2%
TOTAL ASSETS
Total Short-Term Assets	$80.31M	$108.4M	$175.6M
Total Long-Term Assets	$4.537B	$4.514B	$3.663B
Total Assets	$4.618B	$4.622B	$3.839B
YoY Change	19.02%	20.4%	97.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.549M	$3.977M	$4.053M
YoY Change	-22.57%	-1.88%	-7.89%
Accrued Expenses	$18.33M	$16.77M	$7.508M
YoY Change	82.59%	123.31%	114.51%
Deferred Revenue
YoY Change
Short-Term Debt	$727.0M	$629.5M	$1.411B
YoY Change	-19.42%	-55.4%	37.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$730.6M	$653.9M	$1.428B
YoY Change	-20.82%	-54.21%	37.18%
LONG-TERM LIABILITIES
Long-Term Debt	$3.402B	$3.506B	$1.860B
YoY Change	37.86%	88.48%	316.65%
Other Long-Term Liabilities	$24.16M	$609.0K	$3.313M
YoY Change	132.39%	-81.62%
Total Long-Term Liabilities	$3.426B	$3.506B	$1.863B
YoY Change	38.26%	88.18%	317.39%
TOTAL LIABILITIES
Total Short-Term Liabilities	$730.6M	$653.9M	$1.428B
Total Long-Term Liabilities	$3.426B	$3.506B	$1.863B
Total Liabilities	$4.157B	$4.160B	$3.291B
YoY Change	22.23%	26.39%	121.29%
SHAREHOLDERS EQUITY
Retained Earnings	-$532.4M	-$532.2M	-$469.6M
YoY Change	0.9%	13.33%	-2.61%
Common Stock	$202.0K	$204.0K	$239.0K
YoY Change	-10.22%	-14.64%	-48.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$460.7M	$461.9M	$547.7M
YoY Change
Total Liabilities & Shareholders Equity	$4.618B	$4.622B	$3.839B
YoY Change	19.02%	20.4%	97.62%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2022 Q1
OPERATING ACTIVITIES
Net Income	$3.470M	$12.54M	-$13.20M
YoY Change	-107.12%	-194.99%	-130.53%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$8.564M	$6.529M	$4.528M
YoY Change	2.32%	44.19%	-30.09%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$463.0K	-$371.0K	-$797.0K
YoY Change	-100.34%	-53.45%	-5.34%
Cash From Investing Activities	$463.0K	-$157.2M	-$624.2M
YoY Change	-100.34%	-74.81%	18.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$0.00
YoY Change			-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-6.085M	$154.3M	$615.6M
YoY Change	-103.5%	-74.93%	12.09%
NET CHANGE
Cash From Operating Activities	8.564M	$6.529M	$4.528M
Cash From Investing Activities	463.0K	-$157.2M	-$624.2M
Cash From Financing Activities	-6.085M	$154.3M	$615.6M
Net Change In Cash	2.942M	$3.619M	-$4.058M
YoY Change	-93.39%	-189.18%	-113.88%
FREE CASH FLOW
Cash From Operating Activities	$8.564M	$6.529M	$4.528M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001514281
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	mitt	Percentage Of Outstanding Votes Needed To Pass PercentageOfOutstandingVotesNeededToPass	0.6667
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-35151
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	AG MORTGAGE INVESTMENT TRUST, INC.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	27-5254382
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	245 Park Avenue
CY2023Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	26th Floor
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	New York
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10167
CY2023Q1	dei	City Area Code CityAreaCode	212
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	692-2000
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	20247245	shares
CY2023Q1	us-gaap	Investments In And Advances To Affiliates At Fair Value InvestmentsInAndAdvancesToAffiliatesAtFairValue	69638000	usd
CY2022Q4	us-gaap	Investments In And Advances To Affiliates At Fair Value InvestmentsInAndAdvancesToAffiliatesAtFairValue	71064000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	87876000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	84621000	usd
CY2023Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	14546000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	14182000	usd
CY2023Q1	us-gaap	Other Assets OtherAssets	27381000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	27595000	usd
CY2023Q1	us-gaap	Assets Assets	4621936000	usd
CY2022Q4	us-gaap	Assets Assets	4369778000	usd
CY2023Q1	us-gaap	Collateralized Financings CollateralizedFinancings	3505529000	usd
CY2022Q4	us-gaap	Collateralized Financings CollateralizedFinancings	3262352000	usd
CY2023Q1	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	629458000	usd
CY2022Q4	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	621187000	usd
CY2023Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3684000	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3846000	usd
CY2023Q1	us-gaap	Other Liabilities OtherLiabilities	21352000	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	19593000	usd
CY2023Q1	us-gaap	Liabilities Liabilities	4160023000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	3906978000	usd
CY2023Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	227991000	usd
CY2023Q1	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	227991000	usd
CY2023Q1	us-gaap	Preferred Stock Value PreferredStockValue	220472000	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	220472000	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20377000	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20377000	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	21284000	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	21284000	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	204000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	212000	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	773457000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	778606000	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-532220000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-536490000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	461913000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	462800000	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4621936000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4369778000	usd
CY2023Q1	us-gaap	Interest Income Operating InterestIncomeOperating	57803000	usd
CY2022Q1	us-gaap	Interest Income Operating InterestIncomeOperating	33417000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	46188000	usd
CY2022Q1	us-gaap	Interest Expense InterestExpense	16122000	usd
CY2023Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	11615000	usd
CY2022Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	17295000	usd
CY2023Q1	mitt	Realized Gain Loss On Periodic Interest Settlements Of Derivative Instruments Net RealizedGainLossOnPeriodicInterestSettlementsOfDerivativeInstrumentsNet	-1020000	usd
CY2022Q1	mitt	Realized Gain Loss On Periodic Interest Settlements Of Derivative Instruments Net RealizedGainLossOnPeriodicInterestSettlementsOfDerivativeInstrumentsNet	2270000	usd
CY2023Q1	mitt	Investment And Derivative Realized Gain Loss Fvo InvestmentAndDerivativeRealizedGainLossFVO	100000	usd
CY2022Q1	mitt	Investment And Derivative Realized Gain Loss Fvo InvestmentAndDerivativeRealizedGainLossFVO	8783000	usd
CY2023Q1	mitt	Investment Unrealized Gain Loss Fvo InvestmentUnrealizedGainLossFVO	8717000	usd
CY2022Q1	mitt	Investment Unrealized Gain Loss Fvo InvestmentUnrealizedGainLossFVO	-22420000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	9837000	usd
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-15907000	usd
CY2023Q1	us-gaap	Management Fee Expense ManagementFeeExpense	2075000	usd
CY2022Q1	us-gaap	Management Fee Expense ManagementFeeExpense	1962000	usd
CY2023Q1	mitt	Non Investment Related Expenses NonInvestmentRelatedExpenses	2820000	usd
CY2022Q1	mitt	Non Investment Related Expenses NonInvestmentRelatedExpenses	2674000	usd
CY2023Q1	us-gaap	Investment Income Investment Expense InvestmentIncomeInvestmentExpense	2326000	usd
CY2022Q1	us-gaap	Investment Income Investment Expense InvestmentIncomeInvestmentExpense	2021000	usd
CY2023Q1	mitt	Transaction Related Expenses Reversal Of Expense TransactionRelatedExpensesReversalOfExpense	1707000	usd
CY2022Q1	mitt	Transaction Related Expenses Reversal Of Expense TransactionRelatedExpensesReversalOfExpense	5879000	usd
CY2023Q1	us-gaap	Noninterest Expense NoninterestExpense	8928000	usd
CY2022Q1	us-gaap	Noninterest Expense NoninterestExpense	12536000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	12524000	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-11148000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	16000	usd
CY2022Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-2054000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	12540000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-13202000	usd
CY2023Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4586000	usd
CY2022Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4586000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	7954000	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-17788000	usd
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.38
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.74
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.38
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.74
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21066000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23915000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21066000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23915000	shares
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	462800000	usd
CY2023Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	5244000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	87000	usd
CY2023Q1	us-gaap	Dividends Common Stock DividendsCommonStock	3684000	usd
CY2023Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	4586000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	12540000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	461913000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	570380000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	80000	usd
CY2022Q1	us-gaap	Dividends Common Stock DividendsCommonStock	5022000	usd
CY2022Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	4586000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-13202000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	547650000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	12540000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-13202000	usd
CY2023Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	1492000	usd
CY2022Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	1818000	usd
CY2023Q1	mitt	Investment And Derivative Realized Gain Loss Fvo InvestmentAndDerivativeRealizedGainLossFVO	100000	usd
CY2022Q1	mitt	Investment And Derivative Realized Gain Loss Fvo InvestmentAndDerivativeRealizedGainLossFVO	8783000	usd
CY2023Q1	mitt	Investment Unrealized Gain Loss Fvo InvestmentUnrealizedGainLossFVO	8717000	usd
CY2022Q1	mitt	Investment Unrealized Gain Loss Fvo InvestmentUnrealizedGainLossFVO	-22420000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	87000	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	80000	usd
CY2023Q1	mitt	Income Loss From Investment In Affiliates In Excess Of Distributions Received IncomeLossFromInvestmentInAffiliatesInExcessOfDistributionsReceived	-142000	usd
CY2022Q1	mitt	Income Loss From Investment In Affiliates In Excess Of Distributions Received IncomeLossFromInvestmentInAffiliatesInExcessOfDistributionsReceived	-2393000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-977000	usd
CY2022Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	1924000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	108000	usd
CY2022Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1726000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	6529000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4528000	usd
CY2023Q1	mitt	Payments For Purchaseof Residential Mortgage Loans PaymentsForPurchaseofResidentialMortgageLoans	22834000	usd
CY2022Q1	mitt	Payments For Purchaseof Residential Mortgage Loans PaymentsForPurchaseofResidentialMortgageLoans	948966000	usd
CY2023Q1	mitt	Purchase Of Available For Sale Securities Debt Fvo PurchaseOfAvailableForSaleSecuritiesDebtFVO	276265000	usd
CY2022Q1	mitt	Purchase Of Available For Sale Securities Debt Fvo PurchaseOfAvailableForSaleSecuritiesDebtFVO	79564000	usd
CY2023Q1	mitt	Payments For Proceeds From Investments In Debt And Equity Of Affiliates PaymentsForProceedsFromInvestmentsInDebtAndEquityOfAffiliates	700000	usd
CY2022Q1	mitt	Payments For Proceeds From Investments In Debt And Equity Of Affiliates PaymentsForProceedsFromInvestmentsInDebtAndEquityOfAffiliates	417000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Loans Receivable ProceedsFromSaleOfLoansReceivable	66551000	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Loans Receivable ProceedsFromSaleOfLoansReceivable	0	usd
CY2023Q1	mitt	Proceeds From Sale Of Available For Sale Securities Debt Fvo ProceedsFromSaleOfAvailableForSaleSecuritiesDebtFVO	0	usd
CY2022Q1	mitt	Proceeds From Sale Of Available For Sale Securities Debt Fvo ProceedsFromSaleOfAvailableForSaleSecuritiesDebtFVO	197232000	usd
CY2023Q1	mitt	Principal Repayments On Residential Mortgage Loans PrincipalRepaymentsOnResidentialMortgageLoans	-73956000	usd
CY2022Q1	mitt	Principal Repayments On Residential Mortgage Loans PrincipalRepaymentsOnResidentialMortgageLoans	-146388000	usd
CY2023Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS	712000	usd
CY2022Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS	14596000	usd
CY2023Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	1983000	usd
CY2022Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	5318000	usd
CY2023Q1	mitt	Net Settlement Of Interest Rate Swaps NetSettlementOfInterestRateSwaps	1175000	usd
CY2022Q1	mitt	Net Settlement Of Interest Rate Swaps NetSettlementOfInterestRateSwaps	-30473000	usd
CY2023Q1	mitt	Net Settlement Of Securities To Be Announced NetSettlementOfSecuritiesToBeAnnounced	-179000	usd
CY2022Q1	mitt	Net Settlement Of Securities To Be Announced NetSettlementOfSecuritiesToBeAnnounced	-9946000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-371000	usd
CY2022Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-797000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-157222000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-624197000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	5244000	usd
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2023Q1	mitt	Borrowings Under Repurchase Agreements BorrowingsUnderRepurchaseAgreements	8271000	usd
CY2022Q1	mitt	Borrowings Under Repurchase Agreements BorrowingsUnderRepurchaseAgreements	-366250000	usd
CY2023Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	9000	usd
CY2022Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	17000	usd
CY2023Q1	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	235709000	usd
CY2022Q1	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	1078189000	usd
CY2023Q1	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	66957000	usd
CY2022Q1	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	116866000	usd
CY2023Q1	mitt	Collateral Received From Held By Repurchase Counterparty CollateralReceivedFromHeldByRepurchaseCounterparty	9026000	usd
CY2022Q1	mitt	Collateral Received From Held By Repurchase Counterparty CollateralReceivedFromHeldByRepurchaseCounterparty	-30162000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	3846000	usd
CY2022Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5021000	usd
CY2023Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	4586000	usd
CY2022Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	4586000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	154312000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	615611000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	3619000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-4058000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	98803000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	100229000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	102422000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	96171000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	42932000	usd
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	13532000	usd
CY2023Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
CY2022Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	3000	usd
CY2023Q1	mitt	Receivable On Unsettled Trades ReceivableOnUnsettledTrades	0	usd
CY2022Q1	mitt	Receivable On Unsettled Trades ReceivableOnUnsettledTrades	107788000	usd
CY2023Q1	mitt	Dividends Declared But Not Paid DividendsDeclaredButNotPaid	3684000	usd
CY2022Q1	mitt	Dividends Declared But Not Paid DividendsDeclaredButNotPaid	5022000	usd
CY2023Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	915000	usd
CY2022Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	707000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	87876000	usd
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	50541000	usd
CY2023Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	14546000	usd
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	45630000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	102422000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	96171000	usd
CY2023Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</span></div>
CY2023Q1	us-gaap	Investment Owned Underlying Face Amount At Market Value InvestmentOwnedUnderlyingFaceAmountAtMarketValue	539701000	usd
CY2023Q1	mitt	Available For Sale Securities Unamortized Discount Premium AvailableForSaleSecuritiesUnamortizedDiscountPremium	217117000	usd
CY2023Q1	mitt	Available For Sale Debt Securities Amortized Cost Basis Fvo AvailableForSaleDebtSecuritiesAmortizedCostBasisFVO	322584000	usd
CY2023Q1	mitt	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax Fvo AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTaxFVO	5816000	usd
CY2023Q1	mitt	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax Fvo AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTaxFVO	5416000	usd
CY2023Q1	mitt	Available For Sale Securities Debt Securities Fvo AvailableForSaleSecuritiesDebtSecuritiesFVO	322984000	usd
CY2023Q1	mitt	Securities Weighted Average Coupon SecuritiesWeightedAverageCoupon	0.0423
CY2023Q1	mitt	Available For Sale Securities Weighted Average Yield Rate AvailableForSaleSecuritiesWeightedAverageYieldRate	0.0625
CY2022Q4	us-gaap	Investment Owned Underlying Face Amount At Market Value InvestmentOwnedUnderlyingFaceAmountAtMarketValue	267533000	usd
CY2022Q4	mitt	Available For Sale Securities Unamortized Discount Premium AvailableForSaleSecuritiesUnamortizedDiscountPremium	220086000	usd
CY2022Q4	mitt	Available For Sale Debt Securities Amortized Cost Basis Fvo AvailableForSaleDebtSecuritiesAmortizedCostBasisFVO	47447000	usd
CY2022Q4	mitt	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax Fvo AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTaxFVO	2276000	usd
CY2022Q4	mitt	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax Fvo AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTaxFVO	6004000	usd
CY2022Q4	mitt	Available For Sale Securities Debt Securities Fvo AvailableForSaleSecuritiesDebtSecuritiesFVO	43719000	usd
CY2022Q4	mitt	Securities Weighted Average Coupon SecuritiesWeightedAverageCoupon	0.0237
CY2022Q4	mitt	Available For Sale Securities Weighted Average Yield Rate AvailableForSaleSecuritiesWeightedAverageYieldRate	0.1020
CY2023Q1	us-gaap	Derivative Assets DerivativeAssets	6379000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	441000	usd
CY2023Q1	us-gaap	Other Assets Fair Value Disclosure OtherAssetsFairValueDisclosure	37540000	usd
CY2023Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	4466855000	usd
CY2023Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	3505529000	usd
CY2023Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	7245000	usd
CY2023Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	3512774000	usd
CY2022Q4	us-gaap	Derivative Assets DerivativeAssets	18499000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	442000	usd
CY2022Q4	us-gaap	Other Assets Fair Value Disclosure OtherAssetsFairValueDisclosure	39680000	usd
CY2022Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	4230937000	usd
CY2022Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	3262352000	usd
CY2022Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	9000	usd
CY2022Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	3262361000	usd
CY2023Q1	us-gaap	Schedule Of Repurchase Agreements ScheduleOfRepurchaseAgreements	<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents a summary of the Company's financing as of March 31, 2023 and December 31, 2022 ($ in thousands). </span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"/><td style="width:27.765%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.736%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.389%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.736%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.100%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:6.558%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.536%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.736%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.389%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.889%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">March 31, 2023</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2022</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted Average</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Collateral Fair Value (1)(2)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Current Face</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Stated Maturity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Funding Cost</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Life (Years)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Financing Arrangements by Asset Type</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Securitized Non-Agency Loans (3)</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">192,964 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">192,964 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Apr 2023 - May 2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.62 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.23</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">372,882 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">197,937 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Securitized Re- and Non-Performing Loans (3)</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">39,147 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">39,147 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Apr 2023</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7.39 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.06</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">68,231 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">34,151 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Residential mortgage loans (4)(5)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">105,768 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">105,768 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">June 2023 - Jan 2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.78 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.40</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">126,131 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">360,241 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Non-Agency RMBS</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22,390 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22,390 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Apr 2023 - May 2024</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.11 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.18</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">35,787 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14,695 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Agency RMBS</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">269,189 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">269,189 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Apr 2023</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.98 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.04</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">287,197 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14,163 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total Financing Arrangements</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">629,458 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">629,458 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5.97 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.16</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">890,228 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">621,187 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Securitized debt, at fair value (6)</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,052,498 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,505,529 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.20 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7.18</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,262,352 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total Financing</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,681,956 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,134,987 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.47 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.24</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">890,228 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,883,539 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The Company also had $1.1 million and $3.4 million of cash pledged under repurchase agreements as of March 31, 2023 and December 31, 2022, respectively.</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Under the terms of the Company’s financing agreements, the Company's financing counterparties may, in certain cases, sell or re-hypothecate the pledged collateral.</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Amounts pledged as collateral under Securitized residential mortgage loans include certain of the Company's retained interests in securitizations. Refer to Note 3 for more information on the Residential Mortgage Loan VIEs.</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The Company's Residential mortgage loan financing arrangements include a maximum uncommitted borrowing capacity of $2.2 billion on facilities used to finance Non-Agency and Agency-Eligible Loans.</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(5)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The funding cost includes deferred financing costs. The weighted average stated rate on the Residential mortgage loans financing arrangements was 6.49% as of March 31, 2023. </span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(6)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The holders of the securitized debt have no recourse to the general credit of the Company. The Company has no obligation to provide any other explicit or implicit support to the Residential Mortgage Loan VIEs.</span></div>
CY2023Q1	mitt	Assets Sold Under Agreements To Repurchase Current Face AssetsSoldUnderAgreementsToRepurchaseCurrentFace	4681956000	usd
CY2023Q1	us-gaap	Assets Sold Under Agreements To Repurchase Carrying Amounts AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts	4134987000	usd
CY2023Q1	mitt	Assets Sold Under Agreements To Repurchase Weighted Average Funding Cost AssetsSoldUnderAgreementsToRepurchaseWeightedAverageFundingCost	0.0447
CY2023Q1	mitt	Assets Sold Under Agreements To Repurchase Weighted Average Life AssetsSoldUnderAgreementsToRepurchaseWeightedAverageLife	P6Y2M26D
CY2022Q4	us-gaap	Assets Sold Under Agreements To Repurchase Carrying Amounts AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts	3883539000	usd
CY2023Q1	us-gaap	Cash Collateral For Borrowed Securities CashCollateralForBorrowedSecurities	1100000	usd
CY2022Q4	us-gaap	Cash Collateral For Borrowed Securities CashCollateralForBorrowedSecurities	3400000	usd
CY2023Q1	mitt	Number Of Counterparties Outstanding Debt NumberOfCounterpartiesOutstandingDebt	6	counterparty
CY2022Q4	mitt	Number Of Counterparties Outstanding Debt NumberOfCounterpartiesOutstandingDebt	6	counterparty
CY2023Q1	us-gaap	Interest Receivable InterestReceivable	20274000	usd
CY2022Q4	us-gaap	Interest Receivable InterestReceivable	20593000	usd
CY2023Q1	mitt	Derivative Asset Net Of Variation Margin DerivativeAssetNetOfVariationMargin	2485000	usd
CY2022Q4	mitt	Derivative Asset Net Of Variation Margin DerivativeAssetNetOfVariationMargin	1218000	usd
CY2023Q1	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	4358000	usd
CY2022Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	4983000	usd
CY2023Q1	us-gaap	Due From Correspondent Brokers DueFromCorrespondentBrokers	264000	usd
CY2022Q4	us-gaap	Due From Correspondent Brokers DueFromCorrespondentBrokers	801000	usd
CY2023Q1	us-gaap	Other Assets OtherAssets	27381000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	27595000	usd
CY2023Q1	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	3661000	usd
CY2022Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	3652000	usd
CY2023Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	14544000	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	14114000	usd
CY2023Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	609000	usd
CY2022Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	9000	usd
CY2023Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	2222000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1811000	usd
CY2023Q1	us-gaap	Due To Correspondent Brokers DueToCorrespondentBrokers	316000	usd
CY2022Q4	us-gaap	Due To Correspondent Brokers DueToCorrespondentBrokers	7000	usd
CY2023Q1	us-gaap	Other Liabilities OtherLiabilities	21352000	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	19593000	usd
CY2023Q1	mitt	Derivative Pay Interest Rate DerivativePayInterestRate	0.0369
CY2023Q1	mitt	Derivative Receivable Interest Rate DerivativeReceivableInterestRate	0.0487
CY2023Q1	us-gaap	Derivative Remaining Maturity1 DerivativeRemainingMaturity1	P4Y4M13D
CY2022Q4	mitt	Derivative Pay Interest Rate DerivativePayInterestRate	0.0277
CY2022Q4	mitt	Derivative Receivable Interest Rate DerivativeReceivableInterestRate	0.0430
CY2022	us-gaap	Derivative Remaining Maturity1 DerivativeRemainingMaturity1	P4Y9M7D
CY2023Q1	mitt	Proceeds Pledged To Serve Collateral Against Certain Derivatives ProceedsPledgedToServeCollateralAgainstCertainDerivatives	12300000	usd
CY2023Q1	mitt	Cash Posted As Collateral By Company CashPostedAsCollateralByCompany	15000000	usd
CY2023Q1	mitt	Cash Pledged As Collateral Against Derivatives Related To Variation Margin CashPledgedAsCollateralAgainstDerivativesRelatedToVariationMargin	-2700000	usd
CY2022	mitt	Proceeds Pledged To Serve Collateral Against Certain Derivatives ProceedsPledgedToServeCollateralAgainstCertainDerivatives	9600000	usd
CY2022Q4	mitt	Cash Posted As Collateral By Company CashPostedAsCollateralByCompany	1300000	usd
CY2022Q4	mitt	Cash Pledged As Collateral Against Derivatives Related To Variation Margin CashPledgedAsCollateralAgainstDerivativesRelatedToVariationMargin	8300000	usd
CY2023Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-19969000	usd
CY2022Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	49917000	usd
CY2023Q1	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	10002000	usd
CY2022Q1	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	25653000	usd
CY2023Q1	us-gaap	Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency	-9967000	usd
CY2022Q1	us-gaap	Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency	75570000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	12540000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-13202000	usd
CY2023Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4586000	usd
CY2022Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4586000	usd
CY2023Q1	us-gaap	Net Income Loss From Continuing Operations Available To Common Shareholders Basic NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic	7954000	usd
CY2022Q1	us-gaap	Net Income Loss From Continuing Operations Available To Common Shareholders Basic NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic	-17788000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21066000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23915000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21066000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23915000	shares
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.38
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.74
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.38
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.74
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.18
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.21
CY2023Q1	mitt	Excise Tax Expenses ExciseTaxExpenses	0	usd
CY2022Q1	mitt	Excise Tax Expenses ExciseTaxExpenses	0	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	200000	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9000	usd
CY2022Q1	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	30800000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	30200000	usd
CY2023Q1	mitt	Management Agreement Renewal Term ManagementAgreementRenewalTerm	P1Y
CY2023Q1	mitt	Management Fee Percentage ManagementFeePercentage	0.0150
CY2023Q1	us-gaap	Management Fee Expense ManagementFeeExpense	2075000	usd
CY2022Q1	us-gaap	Management Fee Expense ManagementFeeExpense	1962000	usd
CY2023Q1	us-gaap	Management Fee Payable ManagementFeePayable	2100000	usd
CY2022Q4	us-gaap	Management Fee Payable ManagementFeePayable	2100000	usd
CY2023Q1	mitt	Number Of Independent Directors NumberOfIndependentDirectors	4	director
CY2023Q1	us-gaap	Noninterest Expense Directors Fees NoninterestExpenseDirectorsFees	150000	usd
CY2023Q1	mitt	Noninterest Expense Directors Fees Paid In Cash NoninterestExpenseDirectorsFeesPaidInCash	70000	usd
CY2023Q1	mitt	Noninterest Expense Directors Fees Paid In Restricted Common Stock NoninterestExpenseDirectorsFeesPaidInRestrictedCommonStock	80000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	16000	usd
CY2022Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-2054000	usd
CY2021Q2	mitt	Capital Available For Issuance CapitalAvailableForIssuance	1000000000	usd
CY2023Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	9120000	shares
CY2023Q1	us-gaap	Preferred Stock Value PreferredStockValue	220472000	usd
CY2023Q1	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	227991000	usd
CY2023Q1	mitt	Number Of Quarterly Periods Required To Grant Voting Rights To Preferred Stock NumberOfQuarterlyPeriodsRequiredToGrantVotingRightsToPreferredStock	6	period
CY2023Q1	mitt	Number Of Additional Directors Available To Vote For NumberOfAdditionalDirectorsAvailableToVoteFor	2	director
CY2023Q1	us-gaap	Long Term Purchase Commitment Amount LongTermPurchaseCommitmentAmount	179860000	usd
CY2023Q1	mitt	Long Term Purchase Commitment Funded Amount LongTermPurchaseCommitmentFundedAmount	10814000	usd
CY2023Q1	mitt	Longterm Purchase Remaining Commitment Amount LongtermPurchaseRemainingCommitmentAmount	169046000	usd

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$MITT
AG Mortgage Investment Trust, Inc. Stock $mitt

2023 Q2 Form 10-Q Financial Statement

#000151428123000048 Filed on May 05, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$MITT AG Mortgage Investment Trust, Inc. Stock $mitt

2023 Q2 Form 10-Q Financial Statement

#000151428123000048 Filed on May 05, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MITT
AG Mortgage Investment Trust, Inc. Stock $mitt