Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
ASSETS
Investment securities, available for sale, at fair value (including pledged securities of $683,914 and $853,223, respectively)	$ 892,251		$ 912,443
Investment securities, available for sale, at fair value held in securitization trusts	38,379		92,578
Residential mortgage loans held in securitization trusts (net)	152,902		163,237
Multi-family loans held in securitization trusts, at fair value	8,303,169		8,111,022
Derivative assets	217,324		197,590
Cash and cash equivalents	28,513		31,798
Receivables and other assets	172,539		135,286
Total Assets (1)	10,052,252	[1]	9,898,675	[1]
Liabilities:
Financing arrangements, portfolio investments	627,881		791,125
Securitized debt	237,413		304,964
Derivative liabilities	419		1,432
Payable for securities purchased	215,417		191,592
Accrued expenses and other liabilities (including $5,297 and $951 to related parties, respectively)	64,434		54,466
Subordinated debentures	45,000		45,000
Total liabilities (1)	9,343,875	[1]	9,418,009	[1]
Commitments and Contingencies
Stockholders' Equity:
Common stock, $0.01 par value, 400,000,000 shares authorized, 90,684,546 and 64,102,029 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively	907		641
Additional paid-in capital	590,952		404,555
Accumulated other comprehensive income	23,676		3,073
Retained earnings	20,445
Total stockholders' equity	708,377		480,666
Total Liabilities and Stockholders' Equity	10,052,252		9,898,675
Series B Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, $0.01 par value, 7.75% Series B cumulative redeemable, $25 liquidation preference per share, 3,450,000 shares authorized, 3,000,000 shares issued and outstanding as of September 30, 2014 and December 31, 2013.	72,397		72,397
Residential Collateralized Debt Obligations [Member]
Liabilities:
Collateralized debt obligations	148,298		158,410
Multi-Family Collateralized Debt Obligations [Member]
Liabilities:
Collateralized debt obligations	8,005,013		7,871,020
Residential Distressed Mortgage Loans Held in Securitization Trust [Member]
ASSETS
Residential mortgage loans held in securitization trusts (net)	$ 247,175		$ 254,721

[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of June 30, 2014 and December 31, 2013, assets of consolidated VIEs totaled $8,942,214 and $8,665,829, respectively, and the liabilities of consolidated VIEs totaled $8,589,402 and $8,365,345, respectively. See Note 7 for further discussion.