Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net Interest Income:
Interest income	[1]	$ 221,096	$ 215,804	$ 422,293	$ 458,949
Interest expense	[2]	83,227	66,044	146,208	126,500
Net interest income		137,869	149,760	276,085	332,449
Other-than-temporary impairments:
Total other-than-temporary impairment losses			(2,208)		(3,260)
Portion of loss recognized in other comprehensive income			(24,893)		(31,656)
Net other-than-temporary credit impairment losses			(27,101)	(31,633)	(34,916)
Other investment gains (losses):
Net unrealized gains (losses) on derivatives		22,100	88,028	(79,010)	92,083
Realized gains (losses) on terminations of interest rate swaps		(60,158)	(31,124)	(60,616)	(99,703)
Net realized gains (losses) on derivatives		(9,697)	(16,777)	(44,666)	(58,863)
Net gains (losses) on derivatives		(47,755)	40,127	(184,292)	(66,483)
Net unrealized gains (losses) on financial instruments at fair value		30,347	(37,260)	47,218	(47,685)
Net realized gains (losses) on sales of investments		6,631	9,685	3,956	39,250
Gains (losses) on Extinguishment of Debt		0	5,079	(1,766)	5,079
Total other gains (losses)		(10,777)	17,631	(134,884)	(69,839)
Other income:
Other income		0	0	95,000	0
Total other income		0	0	95,000	0
Other expenses:
Management fees		0	10,196	0	20,522
Expense recoveries from Manager		0	(4,652)	0	(5,765)
Net management fees		0	5,544	0	14,757
Compensation and benefits		6,954	36	12,176	508
General and administrative expenses		4,238	9,224	8,741	13,513
Servicing Fees of consolidated VIEs		7,773	6,388	13,351	12,776
Deal Expenses		13,022	2,911	13,022	2,911
Total other expenses		31,987	24,103	47,290	44,465
Income (loss) before income taxes		74,150	116,187	157,278	183,229
Income taxes		23	0	52	1
Net income (loss)		$ 74,127	$ 116,187	$ 157,226	$ 183,228
Net income (loss) per share available to common shareholders:
Basic (usd per share)		$ 0.39	$ 0.57	$ 0.84	$ 0.89
Diluted (usd per share)		$ 0.39	$ 0.57	$ 0.84	$ 0.89
Weighted average number of common shares outstanding:
Basic (shares)		187,729,765	205,492,089	187,726,618	205,509,782
Diluted (shares)		187,925,046	205,579,639	187,882,614	205,573,297
Dividends declared per share of common stock (usd per share)		$ 0.48	$ 0.48	$ 1.46	$ 0.96
Comprehensive income (loss):
Net income (loss)		$ 74,127	$ 116,187	$ 157,226	$ 183,228
Other comprehensive income:
Unrealized gains (losses) on available-for-sale securities, net		53,015	(117,742)	112,423	(137,654)
Reclassification adjustment for net losses included in net income for other-than-temporary credit impairment losses		20,955	27,101	31,633	34,916
Reclassification adjustment for net realized losses (gains) included in net income		(9,062)	(10,059)	(10,674)	(39,135)
Other comprehensive income (loss)		64,908	(100,700)	133,382	(141,873)
Comprehensive income (loss)		$ 139,035	$ 15,487	$ 290,608	$ 41,355

[1] Includes interest income of consolidated VIEs of $160,885 and $146,900 for the quarters ended June 30, 2016 and 2015, respectively and interest income of consolidated VIEs of $292,865 and $297,518 for the six months ended June 30, 2016 and 2015, respectively. See Note 8 for further discussion.

[2] Includes interest expense of consolidated VIEs of $58,772 and $50,426 for the quarters ended June 30, 2016 and 2015, respectively and interest expense of consolidated VIEs of $98,022 and $97,179 for the six months ended June 30, 2016 and 2015, respectively. See Note 8 for further discussion.