CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Agency MBS:
Agency MBS pledged to counterparties at fair value		$ 3,707,062	$ 4,694,731
Agency MBS at fair value		187,001	173,344
Paydowns receivable		31,130	24,707
Agency MBS, Total		3,925,193	4,892,782
Non-Agency MBS at fair value (including $525,169 and $596,831 pledged to counterparties at December 31, 2016 and December 31, 2015, respectively)		641,246	682,061
Residential mortgage loans held-for-investment	[1]	744,462	969,172
Residential real estate		14,262	14,363
Cash and cash equivalents		31,031	30,754
Restricted cash		12,390	14,230
Interest and dividends receivable		16,203	17,525
Derivative instruments at fair value		8,192	12,470
Prepaid expenses and other		2,797	2,983
Total Assets		5,395,776	6,636,340
Liabilities:
Accrued interest payable		11,850	13,443
Repurchase agreements		3,911,015	4,915,528
Asset-backed securities issued by securitization trusts	[1]	728,683	915,486
Junior subordinated notes		37,380	37,380
Derivative instruments at fair value		34,302	34,547
Accrued expenses and other		1,506	1,308
Total Liabilities		4,740,754	5,934,189
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 December 31, 2016 and December 31, 2015, respectively		23,924	23,924
Stockholders' Equity:
Common Stock: par value $0.01 per share; authorized 200,000 shares, 95,718 shares issued and outstanding at December 31, 2016 and 99,078 issued and 98,944 outstanding at December 31, 2015, respectively		957	991
Additional paid-in capital		966,714	981,034
Accumulated other comprehensive income consisting of unrealized gains and losses		8,648	949
Accumulated deficit		(403,079)	(361,323)
Total Stockholders' Equity:		631,098	678,227
Total Liabilities and Stockholders' Equity		5,395,776	6,636,340
Series A Preferred Stock
Liabilities:
Dividends payable on stock		1,035	1,035
Stockholders' Equity:
Cumulative Preferred Stock		46,537	46,537
Total Stockholders' Equity:		46,537	46,537
Series B Preferred Stock
Liabilities:
Dividends payable on stock		394	394
Series C Preferred Stock
Liabilities:
Dividends payable on stock		231	207
Stockholders' Equity:
Cumulative Preferred Stock		11,321	10,039
Total Stockholders' Equity:		11,321	10,039
Common Stock
Liabilities:
Dividends payable on stock		14,358	14,861
Stockholders' Equity:
Total Stockholders' Equity:		$ 957	$ 991

[1] The consolidated balance sheets include assets of consolidated variable interest entities, or 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 December 31, 2016 and December 31, 2015, total assets of the consolidated VIEs were $747 million and $972 million (including accrued interest receivable of $2.5 million and $3.1 million, respectively, and total liabilities were $731 million and $918 million (including accrued interest payable of $2.4 million and $2.9 million), respectively. Please refer to Note 4, “Variable Interest Entities,” for further discussion.