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      "text": "($ in thousands except per share amounts)\nASSETS\nCash and cash equivalents\nMortgage loans held-for-investment, net¹,2\nReal estate owned properties, net³\nInvestments in securities available-for-sale\nInvestments in securities held-to-maturity\nInvestments in beneficial interests\nReceivable from servicer\nInvestment in affiliates\nPrepaid expenses and other assets\nTotal assets\nLIABILITIES AND EQUITY\nLiabilities:\nSecured borrowings, net1,2,7\nBorrowings under repurchase transactions\nConvertible senior notes, net'\nNotes payable, net'\nManagement fee payable\nPut option liability\nAccrued expenses and other liabilities\nTotal liabilities\nEquity:\nPreferred stock, $0.01 par value, 25,000,000 shares authorized\nSeries A 7.25% Fixed-to-Floating Rate Cumulative Redeemable\nSeries B 5.00% Fixed-to-Floating Rate Cumulative Redeemable\nCommon stock $0.01 par value10\nAdditional paid-in capital\nTreasury stock\nRetained earnings\nAccumulated other comprehensive loss\nEquity attributable to stockholders\nNon-controlling interests¹¹\nTotal equity\nTotal equity and liabilities",
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