Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 2,115,919,000	$ 1,517,304,000
Unpledged	58,952,000	31,867,000
Total mortgage-backed securities	2,174,871,000	1,549,171,000
Cash and cash equivalents	100,471,000	93,137,000
Restricted cash	23,060,000	7,790,000
Accrued interest receivable	8,663,000	6,211,000
Derivative asset, at fair value	65,000	1,217,000
Other assets	523,000	282,000
Total Assets	2,307,653,000	1,657,808,000
Liabilities
Repurchase agreements	2,014,071,000	1,436,651,000
Accrued interest payable	599,000	628,000
Due to affiliates	456,000	330,000
Payable for unsettled securities purchased	7,623,000	0
Other Liabilities	755,000	2,121,000
Total Liabilities	2,023,504,000	1,439,730,000
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	230,000	167,000
Additional paid in capital	283,919,000	217,419,000
Accumulated deficit	0	492,000
Total Stockholders Equity	284,149,000	218,078,000
Total Liabilities and Stockholders Equity	$ 2,307,653,000	$ 1,657,808,000