Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Available-for-sale securities $ 235,886 $ 190,716
Other 9,597 3,303
Total interest income 245,483 194,019
Interest expense:    
Repurchase agreements 147,560 86,580
Federal Home Loan Bank advances 6,074 4,458
Revolving credit facilities 5,156 804
Convertible senior notes 4,735 4,718
Total interest expense 163,525 96,560
Net interest income 81,958 97,459
Other-than-temporary impairments:    
Total other-than-temporary impairment losses (206) (94)
Other (loss) income:    
Loss on investment securities (19,292) (20,671)
Servicing income 116,948 71,190
(Loss) gain on servicing asset (188,974) 71,807
(Loss) gain, cap on interest rate swap and swaption agreements (83,259) 150,545
Gain (loss) on other derivative instruments 104,278 8,053
Other income 123 1,058
Total other (loss) income (70,176) 281,982
Expenses:    
Management fees 12,082 11,708
Servicing expenses 19,912 14,554
Other operating expenses 15,556 14,492
Total expenses 47,550 40,754
(Loss) income from continuing operations before income taxes (35,974) 338,593
(Benefit from) provision for income taxes (10,039) 3,784
Net (loss) income (25,935) 334,809
Dividends on preferred stock 18,950 13,747
Net (loss) income attributable to common stockholders $ (44,885) $ 321,062
Basic (loss) earnings per weighted average common share $ (0.18) $ 1.83
Diluted (loss) earnings per weighted average common share (0.18) 1.69
Dividends declared per common share (in usd per share) $ 0.47 $ 0.47
Weighted average basic common shares outstanding (in shares) 252,357,878 175,145,964
Weighted average diluted common shares outstanding (in shares) 252,357,878 192,818,531
Comprehensive income (loss):    
Net (loss) income $ (25,935) $ 334,809
Other comprehensive income (loss), net of tax:    
Unrealized gain (loss) on available-for-sale securities 356,152 (344,777)
Other comprehensive income (loss) 356,152 (344,777)
Comprehensive income (loss) 330,217 (9,968)
Dividends on preferred stock 18,950 13,747
Comprehensive income (loss) attributable to common stockholders $ 311,267 $ (23,715)