Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest Income:
Agency Securities, net of amortization of premium and fees		$ 56,787	$ 52,292	$ 156,848	$ 141,310
Total Interest Income		72,634	66,781	206,592	185,391
Interest expense- repurchase agreements		(40,359)	(27,137)	(108,083)	(65,717)
Net Interest Income		32,275	39,644	98,509	119,674
Other Income (Loss):
Realized gain (loss) on sale of Agency Securities (reclassified from Other comprehensive income (loss))		(31,136)	891	(89,055)	(10,723)
Other than temporary impairment of Agency Securities (reclassified from Other comprehensive income (loss))		0	(72)	(12,090)	(10,410)
Subtotal		(33,125)	(6,935)	(111,544)	23,151
Realized gain (loss) on derivatives	[1]	3,739	897	(49,206)	(1,711)
Unrealized gain (loss) on derivatives		54,169	2,574	196,426	(4,447)
Subtotal		57,908	3,471	147,220	(6,158)
Total Other Income (Loss)		24,783	(3,464)	35,676	16,993
Expenses:
Management fees		6,807	6,746	20,411	19,790
Professional fees		1,475	841	3,989	3,220
Insurance		143	198	472	671
Compensation		1,033	511	3,005	1,484
Other (income)		(104)	160	295	1,361
Total Expenses		9,354	8,456	28,172	26,526
Net Income		47,704	27,724	106,013	110,141
Dividends on preferred stock		(4,259)	(3,940)	(12,772)	(11,751)
Net Income available to common stockholders		$ 43,445	$ 23,784	$ 93,241	$ 98,390
Net income (loss) related to common stockholders
Basic (in dollars per share)		$ 1.03	$ 0.58	$ 2.22	$ 2.57
Diluted (in dollars per share)		1.02	0.58	2.20	2.57
Dividends declared per common share (in dollars per share)		$ 0.57	$ 0.57	$ 1.71	$ 1.71
Weighted average common shares outstanding:
Basic (in shares)		42,047	41,288	41,949	38,265
Diluted (in shares)		42,435	41,296	42,337	38,273
Credit Risk and Non-Agency Securities
Interest Income:
Interest income, trading		$ 14,573	$ 13,973	$ 42,908	$ 42,385
Other Income (Loss):
Gain (loss) on securities		(2,115)	(7,571)	(4,066)	46,924
Interest-Only Securities
Interest Income:
Interest income, trading		413	516	1,272	1,696
Other Income (Loss):
Gain (loss) on securities		210	(183)	58	(2,640)
US Treasury Securities
Interest Income:
Interest income, trading		404	0	4,053	0
Other Income (Loss):
Gain (loss) on securities		(84)	0	(6,391)	0
Subordinated Loans
Interest Income:
Interest income, trading		$ 457	$ 0	$ 1,511	$ 0

[1] Interest expense related to our interest rate swap contracts is recorded in realized gain (loss) on derivatives on the consolidated statements of operations. For additional information, see financial statement Note 10.