Annual report pursuant to Section 13 and 15(d)

RESIDENTIAL MORTGAGE LOANS - Schedule of Net Interest Income (Details)

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RESIDENTIAL MORTGAGE LOANS - Schedule of Net Interest Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest Income:      
Loans held-for-investment, at fair value $ 53,264 $ 60,301 $ 76,129
Loans held-for-sale, at lower of cost or fair value 50,130 65,926 45,653
Loans held-for-sale, at fair value 135,729 175,926 51,562
Total interest income 239,123 302,153 173,344
Interest Expense:      
Loans held-for-investment, at fair value 21,029 19,381 23,618
Loans held-for-sale, at lower of cost or fair value 22,541 40,067 35,796
Loans held-for-sale, at fair value 90,064 109,723 24,186
Total interest expense 133,634 169,171 83,600
Net interest income $ 105,489 $ 132,982 $ 89,744