CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest and other income:
Interest-Agency MBS	$ 15,771	$ 10,690	$ 32,873	$ 31,455
Interest-Non-Agency MBS	9,738	9,137	19,306	18,418
Interest-residential mortgage loans	7,060	9,111	14,411	18,424
Other interest income	31	12	58	24
Interest and Dividend Income, Operating, Total	32,600	28,950	66,648	68,321
Interest Expense:
Interest expense on repurchase agreements	11,421	8,960	21,832	18,358
Interest expense on asset-backed securities	6,892	8,414	13,966	17,013
Interest expense on junior subordinated notes	401	354	785	700
Interest Expense, Total	18,714	17,728	36,583	36,071
Net interest income	13,886	11,222	30,065	32,250
Operating Expenses:
Management fee to related party	(1,876)	(1,970)	(3,697)	(4,014)
General and administrative expenses	(1,315)	(1,690)	(2,798)	(3,259)
Total operating expenses	(3,191)	(3,660)	(6,495)	(7,273)
Other income (loss):
Income-rental properties	451	428	900	838
Impairment charge on Non-Agency MBS	(905)		(1,637)
Unrealized gain on Agency MBS held as trading investments	4,100		4,200
Gain on sales of residential mortgage loans held-for-investment		33	378	33
Gain (loss) on derivatives, net	(4,422)	(9,385)	(2,044)	(44,228)
Recovery on Non-Agency MBS	1	1	1	2
Total other income (loss)	(598)	(8,923)	1,928	(46,594)
Net income (loss)	10,097	(1,361)	25,498	(21,617)
Dividends on preferred stock	(2,025)	(1,636)	(3,780)	(3,272)
Net income (loss) to common stockholders	$ 8,072	$ (2,997)	$ 21,718	$ (24,889)
Basic earnings (loss) per common share	$ 0.08	$ (0.03)	$ 0.23	$ (0.26)
Diluted earnings (loss) per common share	$ 0.08	$ (0.03)	$ 0.22	$ (0.26)
Basic weighted average number of shares outstanding	95,696	96,355	95,701	97,030
Diluted weighted average number of shares outstanding	100,590	96,355	100,567	97,030
Agency MBS
Other income (loss):
Gain (loss) on sales of MBS	$ 176		$ 108	$ (3,239)
Unrealized gain on Agency MBS held as trading investments	$ 4,101		$ 4,222