CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
MBS and CRT securities	$ 9,969,163	$ 11,356,643
Securities obtained and pledged as collateral, at fair value	510,767	507,443
Residential whole loans, at carrying value ($427,880 and $93,692 pledged as collateral, respectively)	590,540	271,845
Residential whole loans, at fair value ($734,331, and $585,971 pledged as collateral, respectively)	814,682	623,300
Cash and cash equivalents	260,112	165,007
Restricted cash	58,463	71,538
Other assets	280,295	166,799
Total Assets	12,484,022	13,162,551
Liabilities:
Repurchase agreements and other advances	8,687,268	9,387,622
Obligation to return securities obtained as collateral, at fair value	510,767	507,443
8% Senior Notes due 2042 (“Senior Notes”)	96,733	96,697
Other liabilities	155,352	203,528
Total Liabilities	9,450,120	10,195,290
Commitments and contingencies (See Note 11)
Stockholders’ Equity:
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)	80	80
Common stock, $.01 par value; 886,950 shares authorized; 371,854 and 370,584 shares issued and outstanding, respectively	3,719	3,706
Additional paid-in capital, in excess of par	3,029,062	3,019,956
Accumulated deficit	(572,641)	(572,332)
Accumulated other comprehensive income	573,682	515,851
Total Stockholders’ Equity	3,033,902	2,967,261
Total Liabilities and Stockholders’ Equity	12,484,022	13,162,551
Securitized debt	0	21,868
Agency MBS
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
MBS and CRT securities	3,738,497	4,752,244
Non-Agency MBS
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
MBS and CRT securities	5,825,816	6,420,817
Non-Agency MBS | Non-Agency MBS
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
MBS and CRT securities	5,651,412	5,822,519
Non-Agency MBS | Non-Agency MBS Transfered to Consolidated VIEs
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
MBS and CRT securities	174,404	598,298
CRT securities
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
MBS and CRT securities	$ 404,850	$ 183,582