CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest and other income:
Interest-Agency MBS	$ 24,814	$ 15,771	$ 48,871	$ 32,873
Interest-Non-Agency MBS	9,902	9,738	19,910	19,306
Interest-residential mortgage loans	5,955	7,060	12,194	14,411
Other interest income	44	31	72	58
Interest and Dividend Income, Operating, Total	40,715	32,600	81,047	66,648
Interest Expense:
Interest expense on repurchase agreements	22,028	11,421	41,122	21,832
Interest expense on asset-backed securities	5,797	6,892	11,867	13,966
Interest expense on junior subordinated notes	504	401	951	785
Interest Expense, Total	28,329	18,714	53,940	36,583
Net interest income	12,386	13,886	27,107	30,065
Operating Expenses:
Management fee to related party	(1,666)	(1,876)	(3,403)	(3,697)
Rental properties depreciation and expenses	(405)	(347)	(792)	(676)
General and administrative expenses	(1,324)	(968)	(2,434)	(2,122)
Total operating expenses	(3,395)	(3,191)	(6,629)	(6,495)
Other income (loss):
Income-rental properties	445	451	897	900
Realized loss on sale of MBS		176	(11,987)	108
Impairment charge on Non-Agency MBS	(1,757)	(905)	(1,757)	(1,637)
Unrealized (loss) gain on Agency MBS held as trading investments	(2,700)	4,100	(11,600)	4,200
Gain on sales of residential mortgage loans held-for-investment				378
Gain on derivatives, net	9,930	(4,422)	23,342	(2,044)
Recovery on Non-Agency MBS	1	1	1	1
Total other (loss) income	5,942	(598)	(8,398)	1,928
Net (loss) income	14,933	10,097	12,080	25,498
Dividends on preferred stock	(2,297)	(2,025)	(4,595)	(3,780)
Net (loss) income to common stockholders	$ 12,636	$ 8,072	$ 7,485	$ 21,718
Basic (loss) earnings per common share	$ 0.13	$ 0.08	$ 0.08	$ 0.23
Diluted (loss) earnings per common share	$ 0.13	$ 0.08	$ 0.08	$ 0.22
Basic weighted average number of shares outstanding	98,271	95,696	98,228	95,701
Diluted weighted average number of shares outstanding	102,205	100,590	102,132	100,567
Agency MBS
Other income (loss):
Realized loss on sale of MBS			$ (7,327)
Unrealized (loss) gain on Agency MBS held as trading investments	$ (2,677)	$ 4,101	$ (11,567)	$ 4,222