CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest Income:
Residential whole loans held at carrying value	$ 5,758	$ 4,193	$ 10,195	$ 7,784
Cash and cash equivalent investments	170	29	310	56
Interest Income	114,507	123,996	231,925	253,938
Interest Expense:
Repurchase agreements and other advances	45,574	40,223	90,969	81,405
Senior Notes and other interest expense	2,146	2,626	4,351	5,384
Interest Expense	47,720	42,849	95,320	86,789
Net Interest Income	66,787	81,147	136,605	167,149
Other-Than-Temporary Impairments:
Total other-than-temporary impairment losses	0	(130)	0	(525)
Portion of loss reclassed from other comprehensive income	0	(168)	0	(180)
Net Impairment Losses Recognized in Earnings	0	(298)	0	(705)
Other Income, net:
Net gain on residential whole loans held at fair value	14,470	3,224	26,351	5,258
Gain on sales of MBS	9,241	7,617	18,986	14,052
Other, net	3,319	(678)	4,404	(367)
Other Income, net	27,030	10,163	49,741	18,943
Operating and Other Expense:
Compensation and benefits	7,022	6,531	14,429	13,277
Other general and administrative expense	4,881	4,678	8,799	8,135
Loan servicing and other related operating expenses	2,964	1,732	6,098	3,731
Operating and Other Expense	14,867	12,941	29,326	25,143
Net Income	78,950	78,071	157,020	160,244
Less Preferred Stock Dividends	3,750	3,750	7,500	7,500
Net Income Available to Common Stock and Participating Securities	$ 75,200	$ 74,321	$ 149,520	$ 152,744
Earnings per Common Share - Basic and Diluted (in dollars per share)	$ 0.20	$ 0.20	$ 0.40	$ 0.41
Dividends Declared per Share of Common Stock (in dollars per share)	$ 0.20	$ 0.20	$ 0.40	$ 0.40
Agency MBS
Interest Income:
Securities	$ 21,592	$ 25,739	$ 45,589	$ 57,412
Non-Agency MBS | Non-Agency MBS
Interest Income:
Securities	80,441	80,916	160,746	162,164
Non-Agency MBS | Non-Agency MBS Transferred to Consolidated VIEs
Interest Income:
Securities	3,324	11,595	9,171	23,638
CRT securities
Interest Income:
Securities	$ 3,222	$ 1,524	$ 5,914	$ 2,884