CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest Income:
Residential whole loans held at carrying value	$ 5,917	$ 4,033	$ 16,112	$ 11,817
Cash and cash equivalent investments	221	32	531	88
Interest Income	112,716	119,706	344,641	373,644
Interest Expense:
Repurchase agreements and other advances	46,158	41,331	137,127	122,736
Senior Notes and other interest expense	2,009	2,372	6,360	7,756
Interest Expense	48,167	43,703	143,487	130,492
Net Interest Income	64,549	76,003	201,154	243,152
Other-Than-Temporary Impairments:
Total other-than-temporary impairment losses	(1,255)	0	(1,255)	(525)
Portion of loss recognized in/(reclassed from) other comprehensive income	770	0	770	(180)
Net Impairment Losses Recognized in Earnings	(485)	0	(485)	(705)
Other Income, net:
Net gain on residential whole loans held at fair value	18,701	5,565	45,052	10,823
Gain on sales of MBS	7,083	11,196	26,069	25,248
Other, net	8,117	(259)	12,521	(626)
Other Income, net	33,901	16,502	83,642	35,445
Operating and Other Expense:
Compensation and benefits	7,078	6,482	21,507	19,759
Other general and administrative expense	3,709	3,538	12,508	11,673
Loan servicing and other related operating expenses	4,167	2,975	10,265	6,706
Operating and Other Expense	14,954	12,995	44,280	38,138
Net Income	83,011	79,510	240,031	239,754
Less Preferred Stock Dividends	3,750	3,750	11,250	11,250
Net Income Available to Common Stock and Participating Securities	$ 79,261	$ 75,760	$ 228,781	$ 228,504
Earnings per Common Share - Basic and Diluted (in dollars per share)	$ 0.21	$ 0.20	$ 0.61	$ 0.61
Dividends Declared per Share of Common Stock (in dollars per share)	$ 0.20	$ 0.20	$ 0.60	$ 0.60
Agency MBS
Interest Income:
Securities	$ 18,957	$ 23,618	$ 64,546	$ 81,030
Non-Agency MBS | Non-Agency MBS
Interest Income:
Securities	80,370	79,276	241,116	241,440
Non-Agency MBS | Non-Agency MBS Transferred to Consolidated VIEs
Interest Income:
Securities	3,268	11,154	12,439	34,792
CRT securities
Interest Income:
Securities	$ 3,983	$ 1,593	$ 9,897	$ 4,477