Condensed Consolidated Balance Sheets (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Investment securities available for sale, at fair value (including pledged securities of $115,595 and $38,475, respectively)	$ 150,477	$ 86,040
Mortgage loans held in securitization trusts (net)	217,085	228,185
Mortgage loans held for investment	5,113	7,460
Investments in limited partnership and limited liability company	20,350	18,665
Cash and cash equivalents	6,885	19,375
Reverse repurchase agreements	18,000
Receivable for securities sold		5,653
Derivative assets	14,671
Subscription receivable	10,638
Receivables and other assets	12,359	8,916
Total Assets	455,578	374,294
LIABILITIES AND EQUITY
Financing arrangements, portfolio investments	96,370	35,632
Collateralized debt obligations	209,674	219,993
Derivative liabilities	2,444	1,087
Payable for securities purchased	15,674
Accrued expenses and other liabilities	4,027	4,095
Subordinated debentures (net)	45,000	45,000
Total liabilities	373,189	305,807
Commitments and Contingencies
Common stock, $0.01 par value, 400,000,000 authorized, 9,450,599 and 9,425,442, shares issued and outstanding, respectively	95	94
Common stock subscribed	10,638
Additional paid-in capital	131,316	135,300
Accumulated other comprehensive income	17,344	17,732
Accumulated deficit	(77,936)	(84,639)
Total stockholders' equity	81,457	68,487
Noncontrolling interest	932
Total equity	82,389	68,487
Total Liabilities and Equity	$ 455,578	$ 374,294