Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Mortgage-backed securities, at fair value (including pledged assets of $14,904,322 and $16,538,214, respectively)	$ 15,472,580	$ 17,587,010
Mortgage loans held for investment, at fair value (including pledged assets of $27,835 and $0, respectively)	265,281	31,460
Mortgage loans held for sale, at fair value (including pledged assets of $9,572 and $0, respectively)	9,572
Mortgage servicing rights, at fair value	170,447
Cash and cash equivalents (including pledged cash of $493,021 and $323,791, respectively)	711,148	627,595
Unsettled purchased mortgage-backed securities, at fair value	65,834	24,792
Receivable for securities sold	51,729	5,197
Accrued interest receivable	47,563	54,274
Principal payments receivable	144,261	111,439
Other investments	52,047	41,252
Derivative assets, at fair value	4,365	27,151
Other assets	51,284	6,630
Total assets	17,046,111	18,516,800
Borrowings:
Repurchase agreements	14,240,809	15,759,831
Warehouse lines of credit	33,172
Federal Home Loan Bank advances	14,132
Total borrowings	14,288,113	15,759,831
Payable for unsettled securities	66,266	24,750
Accrued interest payable	2,533	6,968
Derivative liabilities, at fair value	418,921	244,591
Dividends payable	48,175	53,014
Accounts payable and other liabilities	29,661	6,850
Total liabilities	14,853,669	16,096,004
Shareholders’ equity:
7.625% Series A Cumulative Redeemable Preferred stock, $.001 par value, 25,000,000 shares authorized, 11,500,000 shares issued and outstanding, respectively ($287,500 aggregate liquidation preference)	278,252	278,252
Common stock, $.001 par value, 200,000,000 shares authorized, 96,770,690 and 96,771,158 shares issued and outstanding, respectively	97	97
Additional paid-in capital	2,451,483	2,454,718
Accumulated deficit	(768,686)	(518,036)
Accumulated other comprehensive income	231,296	205,765
Total shareholders’ equity	2,192,442	2,420,796
Total liabilities and shareholders’ equity	$ 17,046,111	$ 18,516,800