CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Interest Income:
Agency MBS	$ 36,158		$ 47,198		$ 116,982		$ 150,048
Non-Agency MBS	43,131		37,087		128,175		95,555
Non-Agency MBS transferred to consolidated VIEs	39,172		40,812		116,641		128,502
Cash and cash equivalent investments	21		38		93		84
Interest Income	118,482		125,135		361,891		374,189
Interest Expense:
Repurchase agreements	37,113		39,317		105,185		111,639
Securitized debt	2,830		4,477		9,381		13,186
Senior Notes	2,007		2,007		6,020		3,791
Total Interest Expense	41,950		45,801		120,586		128,616
Net Interest Income	76,532		79,334		241,305		245,573
Other-Than-Temporary Impairments:
Total other-than-temporary impairment losses	0		0		0		(879)
Portion of loss reclassed from other comprehensive income	0		0		0		(321)
Net Impairment Losses Recognized in Earnings	0		0		0		(1,200)
Other Income, net:
Unrealized net gains and net interest income from Linked Transactions	544		3,177		1,785		11,444
Unrealized losses on TBA short positions	(8,724)		0		(8,724)		0
Gain on sales of MBS and U.S. Treasury securities, net	13,680		4,279		19,678		7,232
Other, net	55		1		165		2
Other Income, net	5,555		7,457		12,904		18,678
Operating and Other Expense:
Compensation and benefits	5,294		5,984		15,851		16,752
Other general and administrative expense	3,434		2,666		10,175		8,679
Excise tax and interest	0		0		2,000		0
Impairment of resecuritization related costs	2,031		0		2,031		0
Operating and Other Expense	10,759		8,650		30,057		25,431
Net Income	71,328		78,141		224,152		237,620
Less Preferred Stock Dividends	3,750		2,040		10,000		6,120
Less Issuance Costs of Redeemed Preferred Stock	0	[1]	0	[1]	3,947	[1]	0	[1]
Net Income Available to Common Stock and Participating Securities	$ 67,578		$ 76,101		$ 210,205		$ 231,500
Earnings per Common Share - Basic and Diluted (in dollars per share)	$ 0.19		$ 0.21		$ 0.58		$ 0.65
Dividends Declared per Share of Common Stock (in dollars per share)	$ 0.50	[2]	$ 0.21		$ 1.44	[2],[3]	$ 0.68

[1] Issuance costs of redeemed preferred stock represent the original offering costs related to the Series A Preferred Stock, which was redeemed on May 16, 2013. (See Note 11)

[2] Includes a special dividend of $0.28 per share declared on August 1, 2013.

[3] Includes a special dividend of $0.50 per share declared on March 4, 2013.