CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Interest Income:
Interest on Agency MBS	$ 37,057	$ 42,646	$ 122,852	$ 131,326
Income on rental properties	197		268
Other interest income	10	11	31	42
Interest and Dividend Income, Operating, Total	37,264	42,657	123,151	131,368
Interest Expense:
Interest expense on repurchase agreements	19,024	22,484	72,238	63,432
Interest expense on junior subordinated notes	318	321	947	962
Interest Expense, Total	19,342	22,805	73,185	64,394
Net interest income	17,922	19,852	49,966	66,974
Other Income:
(Loss) gain on sales of Agency MBS	(5,617)	1,991	(4,022)	9,237
Gain on interest rate swaps, net	10,947		9,568
(Loss) gain on derivatives-TBA securities	(779)		798
Derivative income-TBA securities	366		366
Gain on derivatives-Eurodollar Futures Contracts	111		111
Recovery on Non-Agency MBS	37	100	108	333
Total other income	5,065	2,091	6,929	9,570
Operating Expenses:
Management fee to related party	(2,609)	(2,982)	(8,248)	(9,009)
General and administrative expenses	(888)	(953)	(5,739)	(2,905)
Total operating expenses	(3,497)	(3,935)	(13,987)	(11,914)
Net income	19,490	18,008	42,908	64,630
Dividend on Series A Cumulative Preferred Stock	(1,035)	(1,035)	(3,105)	(3,107)
Dividend on Series B Cumulative Convertible Preferred Stock	(394)	(394)	(1,182)	(1,200)
Net income to common stockholders	$ 18,061	$ 16,579	$ 38,621	$ 60,323
Basic earnings per common share	$ 0.15	$ 0.12	$ 0.30	$ 0.42
Diluted earnings per common share	$ 0.15	$ 0.12	$ 0.30	$ 0.42
Basic weighted average number of shares outstanding	121,061	142,380	128,174	143,176
Diluted weighted average number of shares outstanding	125,192	146,287	132,254	147,118