Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 1,918,265,000	$ 2,095,574,000
Unpledged	58,780,000	62,436,000
Total mortgage-backed securities	1,977,045,000	2,158,010,000
Cash and cash equivalents	65,558,000	57,229,000
Restricted cash	17,778,000	12,730,000
Accrued interest receivable	8,333,000	8,490,000
Derivative asset, at fair value	826,000	669,000
Receivable for securities sold	132,174,000	0
Other assets	1,846,000	4,709,000
Total Assets	2,203,560,000	2,241,837,000
Liabilities
Repurchase agreements	1,939,489,000	1,798,813,000
FHLB Advances	0	187,500,000
Payable for unsettled securities purchased	21,486,000	0
Derivative Liabilities	1,030,000	0
Accrued interest payable	895,000	863,000
Due to affiliates	439,000	465,000
Other Liabilities	443,000	941,000
Total Liabilities	1,963,782,000	1,988,582,000
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	218,000	217,000
Additional paid in capital	244,151,000	253,038,000
Accumulated deficit	(4,591,000)	0
Total Stockholders Equity	239,778,000	253,255,000
Total Liabilities and Stockholders Equity	$ 2,203,560,000	$ 2,241,837,000