CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Sep. 30, 2017	Dec. 31, 2016
ASSETS
Agency MBS at fair value (including $4,055,409 and $3,707,062 pledged to counterparties at September 30, 2017 and December 31, 2016, respectively)		$ 4,280,534	$ 3,925,193
Non-Agency MBS at fair value (including $618,259 and $525,169 pledged to counterparties at September 30, 2017 and December 31, 2016, respectively)		728,075	641,246
Residential mortgage loans held-for-investment	[1]	667,880	744,462
Residential real estate		14,185	14,262
Cash and cash equivalents		6,756	31,031
Restricted cash		22,884	12,390
Interest and dividends receivable		18,007	16,203
Derivative instruments at fair value		13,377	8,192
Receivables for MBS sold		25,727
Prepaid expenses and other		6,362	2,797
Total Assets		5,783,787	5,395,776
Liabilities:
Accrued interest payable		12,690	11,850
Repurchase agreements		4,342,848	3,911,015
Asset-backed securities issued by securitization trusts	[1]	658,513	728,683
Junior subordinated notes.		37,380	37,380
Derivative instruments at fair value		3,007	34,302
Payables for MBS purchased		9,124
Accrued expenses and other		3,265	1,506
Total Liabilities		5,083,619	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		15,440	23,924
Stockholders' Equity:
Common Stock: par value $0.01 per share; authorized 200,000 shares, 97,844 shares issued and outstanding at September 30, 2017 and 95,718 shares issued and outstanding at December 31, 2016, respectively		978	957
Additional paid-in capital		978,588	966,714
Accumulated other comprehensive income consisting of unrealized gains and losses		29,256	8,648
Accumulated deficit		(414,446)	(403,079)
Total Stockholders' Equity		684,728	631,098
Total Liabilities and Stockholders' Equity		5,783,787	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		43,815	11,321
Total Stockholders' Equity		43,815	11,321
Preferred Stock
Liabilities:
Dividends payable on stock		2,115	1,660
Common Stock
Liabilities:
Dividends payable on stock		14,677	14,358
Stockholders' Equity:
Total Stockholders' Equity		$ 978	$ 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 September 30, 2017 and December 31, 2016, total assets of the consolidated VIEs were $670 million and $747 million (including accrued interest receivable of $2.2 million and $2.5 million), respectively, and total liabilities were $661 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.