CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Net Interest Income:
Interest income	[1]	$ 251,344	$ 201,194
Interest expense	[2]	110,231	62,981
Net interest income		141,113	138,213
Other-than-temporary impairments:
Total other-than-temporary impairment losses		(2,713)	(4,423)
Portion of loss recognized in other comprehensive income		(15,988)	(6,255)
Net other-than-temporary credit impairment losses		(18,701)	(10,678)
Other investment gains (losses):
Net unrealized gains (losses) on derivatives		4,896	(101,110)
Realized gains (losses) on terminations of interest rate swaps		0	(458)
Net realized gains (losses) on derivatives		(9,358)	(34,969)
Net gains (losses) on derivatives		(4,462)	(136,537)
Net unrealized gains (losses) on financial instruments at fair value		72,243	16,871
Net realized gains (losses) on sales of investments		5,167	(2,674)
Gains (losses) on Extinguishment of Debt		0	(1,766)
Total other gains (losses)		72,948	(124,106)
Other income:
Other income		0	95,000
Total other income		0	95,000
Other expenses:
Compensation and benefits		7,556	5,222
General and administrative expenses		4,040	4,503
Servicing Fees of consolidated VIEs		9,588	5,577
Deal Expenses		11,353	0
Total other expenses		32,537	15,302
Income (loss) before income taxes		162,823	83,127
Income taxes		16	29
Net income (loss)		162,807	83,098
Dividend on preferred stock		5,283	0
Net income (loss) available to common shareholders		$ 157,524	$ 83,098
Net income (loss) per share available to common shareholders:
Basic (usd per share)		$ 0.84	$ 0.44
Diluted (usd per share)		$ 0.84	$ 0.44
Weighted average number of common shares outstanding:
Basic (shares)		187,761,748	187,723,472
Diluted (shares)		188,195,061	187,840,182
Dividends declared per share of common stock (usd per share)		$ 0.5	$ 0.98

[1] Includes interest income of consolidated VIEs of $192,989 and $131,980 for the quarters ended March 31, 2017 and 2016 respectively. See Note 8 to consolidated financial statements for further discussion.

[2] Includes interest expense of consolidated VIEs of $82,684 and $39,250 for the quarters ended March 31, 2017 and 2016 respectively. See Note 8 to consolidated financial statements for further discussion.