| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
6,248 | -5,471 | 4,706 | -10,426 | 450 | 3,313 | 3,226 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Other-than-temporary impairment charges | ||||||
- | - | - | 561 | -3,636 | 0 | - |
Amortization/accretion of available-for-sale securities premiums and discounts, net | ||||||
0 | -1,403 | 1,475 | 6,751 | 13,210 | 4,705 | 1,974 |
Amortization of collateralized loan obligations discounts, net | ||||||
-1,095 | -738 | 0 | - | - | - | - |
Amortization of deferred financing costs | ||||||
1,006 | 314 | 0 | - | - | - | - |
Realized loss on investments, net | ||||||
709 | 33,391 | 14,054 | 7,216 | 533 | 3,877 | 33,931 |
Realized (gain) on derivative contracts, net | ||||||
0 | 25,984 | 2,219 | -3,089 | -12,024 | -18,214 | 18,812 |
Realized Gain Loss on Mortgage Loans Held-for-sale | ||||||
- | - | -221 | 94 | 1,216 | -776 | - |
Debt Securities, Available-for-sale, Unrealized Gain (Loss) | ||||||
- | - | 9,448 | - | - | - | - |
Unrealized (gain) loss on fair value option securities | ||||||
- | - | - | -8,406 | -1,041 | - | - |
Unrealized (gain) loss on fair value option securities | ||||||
- | - | - | - | - | 0 | - |
Unrealized (gain) loss on Linked Transactions, net | ||||||
- | - | - | - | - | -1,966 | 2,364 |
Unrealized loss on derivative contracts | ||||||
0 | -5,349 | -2,704 | 5,495 | 4,909 | -2,931 | 878 |
Realized loss on mortgage loans held-for-sale | ||||||
- | - | - | - | - | - | 0 |
Gain (Loss) on Sale of Mortgage Loans | ||||||
- | - | 17 | -151 | -197 | 329 | 0 |
Unrealized loss on mortgage servicing rights | ||||||
-1,297 | 1,033 | -487 | -827 | -671 | 0 | - |
Unrealized (gain) loss on multi-family loans held in securitization trusts | ||||||
694 | -6,398 | 3,353 | -5,219 | 6,097 | 1,473 | 0 |
Unrealized (gain) on residential loans held in securitization trusts | ||||||
0 | 5,650 | -961 | 404 | -8,153 | 3,059 | - |
Unrealized (gain) on on residential loans held in securitization trusts | ||||||
- | - | - | - | - | - | 0 |
Restricted stock compensation expense | ||||||
8 | 22 | -6 | 35 | 63 | 13 | 125 |
Net change in: | ||||||
Accrued interest receivable | ||||||
-88 | -1,647 | 1,547 | 707 | -1,204 | 1,874 | 855 |
Deferred offering costs | ||||||
-86 | -52 | 82 | 96 | -945 | -187 | 0 |
Dividends receivable | ||||||
- | - | - | - | - | 0 | - |
Other assets | ||||||
536 | 245 | -118 | 218 | 484 | 5 | 66 |
Accrued interest payable | ||||||
-62 | -654 | 1,028 | 119 | -693 | 501 | 208 |
Deferred income | ||||||
0 | -222 | 18 | - | - | - | - |
Deferred income | ||||||
- | - | - | 203 | 0 | 0 | - |
Fees and expenses payable to Manager | ||||||
-183 | 423 | -128 | 37 | -219 | 732 | 297 |
Other accounts payable and accrued expenses | ||||||
-1,697 | 1,792 | -1,784 | 1,790 | -27 | -322 | 490 |
Net cash provided by operating activities | ||||||
7,282 | 12,272 | - | - | - | 20,744 | 13,327 |
Net cash provided by operating activities | ||||||
- | - | 4,237 | 2,341 | 2,063 | - | - |
Cash flows from investing activities: | ||||||
Purchase of available-for-sale securities | ||||||
- | - | 1,060,558 | 585,984 | 241,590 | 521,681 | 1,123,204 |
Purchase of commercial mortgage loans held-for-investment | ||||||
300,319 | 410,901 | 0 | - | - | - | - |
Proceeds from sales of available-for-sale securities | ||||||
0 | 1,227,314 | - | - | - | - | - |
Proceeds from sales of commercial mortgage loans held-for-investment | ||||||
6,816 | 0 | - | - | - | - | - |
Purchase of mortgage loans held-for-sale | ||||||
- | - | - | 14,772 | 502,308 | 451,629 | - |
Purchase of mortgage servicing rights | ||||||
- | - | 10 | - | - | - | - |
Purchase of mortgage servicing rights | ||||||
- | - | - | 0 | 4,940 | 0 | - |
Purchase of FHLBI stock | ||||||
- | - | - | 0 | 2,403 | 0 | - |
Proceeds from sales of available-for-sale securities | ||||||
- | - | 495,030 | 263,153 | 333,672 | 296,246 | 0 |
Proceeds from sales of residential mortgage loans held-for-sale | ||||||
- | - | 2,098 | 22,490 | 531,673 | 388,053 | - |
Purchase of mortgage loans held-for-sale | ||||||
- | - | - | - | - | - | -678,640 |
Proceeds from mortgage loans held-for-sale | ||||||
- | - | - | - | - | - | 0 |
Proceeds from FHLBI stock | ||||||
- | - | - | 2,403 | 0 | 0 | - |
Net proceeds from derivative contracts | ||||||
0 | -25,984 | -2,219 | 3,089 | 11,940 | 17,878 | -18,419 |
Principal payments from available-for-sale securities | ||||||
0 | -62,932 | -136,715 | -96,655 | -70,476 | -45,077 | -35,121 |
Principal payments from retained beneficial interests | ||||||
-4,747 | 0 | -547 | -275 | -15,432 | -8,450 | 0 |
Principal payments from commercial mortgage loans held-for-investment | ||||||
213,415 | 201,392 | 0 | - | - | - | - |
Investment related receivable | ||||||
-33,042 | 25,581 | - | - | - | - | - |
Investment related receivable | ||||||
- | - | 3,546 | 2,323 | 0 | -506 | - |
Purchase of Hunt CMT Equity LLC (net of $9,829,774 in restricted cash) | ||||||
0 | 58,220 | 0 | - | - | - | - |
Investment related receivable | ||||||
- | - | - | - | - | - | 506 |
Restricted cash | ||||||
- | - | - | - | - | -1,942 | 11,409 |
Due from broker | ||||||
0 | -1,123 | -3,121 | 4,244 | 0 | 0 | - |
Net cash (used in) provided by investing activities | ||||||
-42,298 | 1,021,797 | - | - | - | -250,912 | -402,939 |
Net cash (used in) provided by investing activities | ||||||
- | - | -430,625 | -216,944 | 188,071 | - | - |
Cash flows from financing activities: | ||||||
Proceeds from issuance of common stock | ||||||
0 | 7,250 | 19,835 | 15,503 | 0 | 79,263 | 84,000 |
Redemption of preferred stock | ||||||
40,250 | 0 | - | - | - | - | - |
Capital contributed by noncontrolling interests | ||||||
0 | 99 | 0 | - | - | - | - |
Dividends paid on common stock | ||||||
6,632 | 5,156 | 11,904 | 29,898 | 19,874 | 18,229 | 10,303 |
Dividends paid on preferred stock | ||||||
536 | 3,523 | 3,522 | 3,522 | 3,522 | 2,890 | 2 |
Proceeds from repurchase agreements - available-for-sale securities | ||||||
0 | 6,017,838 | 14,224,216 | 7,940,492 | 5,951,792 | 4,528,080 | 4,116,258 |
Proceeds from collateralized loan obligations | ||||||
0 | 219,449 | 0 | - | - | - | - |
Proceeds from repurchase agreements - mortgage loans held-for-sale | ||||||
- | - | - | 16,405 | 66,937 | - | 0 |
Proceeds from repurchase agreements - mortgage loans held-for-sale | ||||||
- | - | - | - | - | 401,295 | - |
Proceeds from FHLBI advances | ||||||
- | - | - | 0 | 155,497 | 0 | - |
Payments for FHLBI advances | ||||||
- | - | - | 49,697 | 105,800 | 0 | - |
Proceeds from secured term loan | ||||||
40,250 | 0 | - | - | - | - | - |
Net proceeds from issuance of preferred stock | ||||||
- | - | - | - | - | 19,096 | 18,070 |
Purchase of treasury stock | ||||||
- | - | - | 283 | 358 | 0 | - |
Redemption of preferred stock | ||||||
- | - | - | - | - | - | 110 |
Payment of deferred financing costs | ||||||
1,017 | 4,075 | 0 | - | - | 1,133 | -1,037 |
Principal repayments of repurchase agreements - available-for-sale securities | ||||||
0 | 7,252,360 | 13,794,505 | 7,644,912 | 6,136,468 | 4,395,638 | 3,767,509 |
Principal repayments of repurchase agreements - mortgage loans held-for-sale | ||||||
- | - | - | 25,909 | 107,696 | 351,031 | 0 |
Net cash provided by (used in) financing activities | ||||||
-8,186 | -1,020,479 | - | - | - | 229,379 | 419,065 |
Net cash (paid) on securities underlying Linked Transactions | ||||||
- | - | - | - | - | 117,544 | 69,567 |
Net cash received from repurchase agreements underlying Linked Transactions | ||||||
- | - | - | - | - | 88,112 | 47,192 |
Net cash (used in) provided by financing activities | ||||||
- | - | 434,120 | 218,177 | -199,494 | - | - |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
- | - | - | 3,574 | -9,359 | - | - |
Net increase in cash, cash equivalents and restricted cash | ||||||
-43,201 | 13,591 | 7,733 | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||
- | - | - | - | - | -788 | 29,454 |
Supplemental disclosure of cash flow information | ||||||
Cash paid for interest | ||||||
21,603 | 19,163 | 14,477 | - | - | 4,363 | - |
Cash paid for income taxes | ||||||
1,956 | 0 | - | - | - | - | - |
Cash paid for interest | ||||||
- | - | - | 6,355 | 8,554 | - | 4,528 |
Non-cash investing and financing activities information | ||||||
Restricted stock compensation expense | ||||||
8 | 22 | -6 | 35 | 63 | 13 | 125 |
Net change in unrealized gain on available-for-sale securities | ||||||
0 | 12,617 | -5,785 | -6,436 | -7,604 | 18,303 | -13,528 |
Consolidation of receivables held in securitization trusts | ||||||
0 | 24,357 | - | - | - | - | - |
Consolidation of multi-family loans held in securitization trusts | ||||||
- | - | 1,135,251 | 1,227,523 | 1,455,155 | 1,677,847 | 0 |
Consolidation of residential loans held in securitization trusts | ||||||
- | - | 120,152 | 141,597 | 413,327 | 507,423 | 0 |
Consolidation of multi-family securitized debt obligations | ||||||
0 | 19,595 | 1,113,556 | 1,209,181 | 1,369,124 | 1,676,373 | 0 |
Consolidation of residential securitized debt obligations | ||||||
- | - | 114,738 | 135,223 | 381,791 | 433,698 | 0 |
Commercial mortgage loans acquired, Hunt CMT Equity LLC acquisition | ||||||
0 | 345,664 | 0 | - | - | - | - |
Restricted cash acquired, Hunt CMT Equity LLC acquisition | ||||||
0 | 9,829 | 0 | - | - | - | - |
Other assets acquired, Hunt CMT Equity LLC acquisition | ||||||
0 | 109 | 0 | - | - | - | - |
Collateralized loan obligations assumed, Hunt CMT Equity LLC acquisition | ||||||
0 | 287,552 | - | - | - | - | - |
Collateralized loan obligations assumed, Hunt CMT Equity LLC acquisition | ||||||
0 | 287,552 | 0 | - | - | - | - |
MBS securities recorded upon adoption of revised accounting standard for repurchase agreement financing | ||||||
- | - | - | 0 | 210,238 | 0 | - |
Repurchase agreements recorded upon adoption of revised accounting standard for repurchase agreement financing | ||||||
- | - | - | 0 | 149,293 | 0 | - |