Consolidated Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 2,179,602,000	$ 2,095,574,000
Unpledged	43,655,000	62,436,000
Total mortgage-backed securities	2,223,257,000	2,158,010,000
Cash and cash equivalents	65,352,000	57,229,000
Restricted cash	18,984,000	12,730,000
Accrued interest receivable	8,792,000	8,490,000
Derivative asset, at fair value	0	669,000
Receivable for securities sold	0	0
Other assets	750,000	4,709,000
Total Assets	2,317,135,000	2,241,837,000
Liabilities
Repurchase agreements	2,060,827,000	1,798,813,000
FHLB Advances	0	187,500,000
Payable for unsettled securities purchased	4,276,000	0
Derivative Liabilities	5,873,000	0
Accrued interest payable	1,412,000	863,000
Due to affiliates	444,000	465,000
Other Liabilities	620,000	941,000
Total Liabilities	2,073,452,000	1,988,582,000
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	224,000	217,000
Additional paid in capital	243,459,000	253,038,000
Accumulated deficit	0	0
Total Stockholders Equity	243,683,000	253,255,000
Total Liabilities and Stockholders Equity	$ 2,317,135,000	$ 2,241,837,000