Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Interest Income:
Agency Securities, net of amortization of premium		$ 78,133	$ 99,550
Non-Agency Securities, including discount accretion		327	0
Total Interest Income		78,460	99,550
Interest expense- repurchase agreements		(19,148)	(14,192)
Net Interest Income		59,312	85,358
Other Income (Loss):
Realized gain on sale of Agency Securities (reclassified from Other comprehensive income)		1,891	6,544
Gain on Non-Agency Securities		4,122	0
Subtotal		6,013	6,544
Realized loss on derivatives	[1]	(246,105)	8,099
Unrealized loss on derivatives		(89,058)	(216,338)
Subtotal		(335,163)	(208,239)
Total Other Loss		(329,150)	(201,695)
Expenses:
Management fee		6,508	6,877
Professional fees		2,173	793
Insurance		171	170
Compensation		518	613
Other		267	679
Total Expenses		9,637	9,132
Net Loss		(279,475)	(125,469)
Dividends declared on preferred stock		(3,905)	(3,905)
Net Loss related to common stockholders		$ (283,380)	$ (129,374)
Net income (loss) available (related) per share to common stockholders
Basic (in dollars per share)		$ (7.73)	$ (2.96)
Diluted (in dollars per share)		(7.73)	(2.96)
Dividends declared per common share (in dollars per share)		$ 0.99	$ 0.96
Weighted average common shares outstanding:
Basic (in shares)		36,683	44,118
Diluted (in shares)		36,683	44,118

[1] Interest expense related to our interest rate swap contracts is recorded as realized loss on derivatives on the condensed consolidated statements of operations. For additional information, see Note 9 to the condensed consolidated financial statements.