CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
ASSETS
Agency MBS at fair value (including $3,508,865 and $3,707,062 pledged to counterparties at March 31, 2017 and December 31, 2016, respectively)		$ 3,917,054	$ 3,925,193
Non-Agency MBS at fair value (including $613,001 and $525,169 pledged to counterparties at March 31, 2017 and December 31, 2016, respectively)		690,654	641,246
Residential mortgage loans held-for-investment	[1]	695,255	744,462
Residential real estate		14,186	14,262
Cash and cash equivalents		16,633	31,031
Restricted cash		10,787	12,390
Interest and dividends receivable		16,864	16,203
Derivative instruments at fair value		7,273	8,192
Prepaid expenses and other		3,417	2,797
Total Assets		5,372,123	5,395,776
Liabilities:
Accrued interest payable		11,516	11,850
Repurchase agreements		3,902,453	3,911,015
Asset-backed securities issued by securitization trusts	[1]	685,888	728,683
Junior subordinated notes.		37,380	37,380
Derivative instruments at fair value		23,604	34,302
Payables for MBS purchased		339
Accrued expenses and other		1,936	1,506
Total Liabilities		4,679,697	4,740,754
Series B Cumulative Convertible Preferred Stock: par value $0.01 per share; liquidating preference $25.00 per share ($25,241 and $25,241, respectively); 1,010 and 1,010 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively		14,806	23,924
Stockholders' Equity:
Common Stock: par value $0.01 per share; authorized 200,000 shares, 95,582 shares issued and outstanding at March 31, 2017 and 95,718 shares issued and outstanding at December 31, 2016, respectively		975	957
Additional paid-in capital		976,482	966,714
Accumulated other comprehensive income consisting of unrealized gains and losses		25,640	8,648
Accumulated deficit		(410,254)	(403,079)
Total Stockholders' Equity		677,620	631,098
Total Liabilities and Stockholders' Equity		5,372,123	5,395,776
Series A Preferred Stock
Stockholders' Equity:
Cumulative Preferred Stock		46,537	46,537
Total Stockholders' Equity		46,537	46,537
Series C Preferred Stock
Stockholders' Equity:
Cumulative Preferred Stock		38,240	11,321
Total Stockholders' Equity		38,240	11,321
Preferred Stock
Liabilities:
Dividends payable on stock		1,956	1,660
Common Stock
Liabilities:
Dividends payable on stock		14,625	14,358
Stockholders' Equity:
Total Stockholders' Equity		$ 975	$ 957

[1] The consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIEs for which creditors do not have recourse to the Company. At June 30, 2017 and December 31, 2016, total assets of the consolidated VIEs were $698 million and $747 million (including accrued interest receivable of $2.3 million and $2.5 million), respectively, and total liabilities were $688 million and $731 million (including accrued interest payable of $2.2 million and $2.4 million), respectively. Please refer to Note 4, “Variable Interest Entities,” for further discussion.