CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Sep. 30, 2011		Dec. 31, 2010
Mortgage-backed securities ("MBS"):
Agency MBS, at fair value ($6,892,716 and $5,519,879 pledged as collateral, respectively)	$ 7,519,002		$ 5,980,623
Non-Agency MBS, at fair value ($1,069,870 and $867,655 pledged as collateral, respectively)	1,431,102		1,372,383
Non-Agency MBS transferred to consolidated variable interest entities ("VIEs")	2,458,208	[1]	705,704	[1]
Cash and cash equivalents	421,026		345,243
Restricted cash	22,498		41,927
MBS linked transactions, net ("Linked Transactions"), at fair value	64,494		179,915
Interest receivable	44,340		38,215
Derivative hedging instruments, at fair value	81
Real estate held-for-sale as of September 30, 2011, net	10,651		10,732
Goodwill	7,189		7,189
Prepaid and other assets	16,172		5,476
Total Assets	11,994,763		8,687,407
Liabilities:
Repurchase agreements	8,017,663		5,992,269
Securitized debt	958,406	[2]	220,933	[2]
Accrued interest payable	7,478		8,007
Derivative hedging instruments, at fair value	134,712		139,142
Dividends and dividend equivalents rights ("DERs") payable	90,200		67,040
Accrued expenses and other liabilities	145,080		9,569
Total Liabilities	9,353,539		6,436,960
Commitments and contingencies (Note 9)
Stockholders' Equity:
Preferred stock, $.01 par value; series A 8.50% cumulative redeemable; 5,000 shares authorized; 3,840 shares issued and outstanding ($96,000 aggregate liquidation preference)	38		38
Common stock, $.01 par value; 895,000 and 370,000 shares authorized; 355,591 and 280,481 issued and outstanding, respectively	3,556		2,805
Additional paid-in capital, in excess of par	2,792,491		2,184,493
Accumulated deficit	(214,785)		(191,569)
Accumulated other comprehensive income	59,924		254,680
Total Stockholders' Equity	2,641,224		2,250,447
Total Liabilities and Stockholders' Equity	$ 11,994,763		$ 8,687,407

[1] Non-Agency MBS transferred to consolidated VIEs included in the Consolidated Balance Sheet at September 30, 2011 and December 31, 2010 represent assets of the consolidated VIEs that can be used only to settle the obligations of each respective VIE.

[2] Securitized Debt included in the Consolidated Balance Sheet at September 30, 2011 and December 31, 2010, represents third-party liabilities of consolidated VIEs and excludes liabilities of the VIEs acquired by the Company that eliminate on consolidation. The third-party beneficial interest holders in the VIEs have no recourse to the general credit of the Company. (See Notes 9 and 14 for further discussion.)