Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 2,972,290,000	$ 2,095,574,000
Unpledged	49,884,000	62,436,000
Total mortgage-backed securities	3,022,174,000	2,158,010,000
Cash and cash equivalents	73,475,000	57,229,000
Restricted cash	20,950,000	12,730,000
Accrued interest receivable	11,512,000	8,490,000
Derivative asset, at fair value	10,365,000	669,000
Other assets	218,000	4,709,000
Total Assets	3,138,694,000	2,241,837,000
Liabilities
Repurchase agreements	2,793,705,000	1,798,813,000
FHLB Advances	0	187,500,000
Derivative liabilities	1,982,000	0
Dividends Payable	4,616,000	0
Accrued interest payable	1,826,000	863,000
Due to affiliates	566,000	465,000
Other Liabilities	3,220,000	941,000
Total Liabilities	2,805,915,000	1,988,582,000
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	330,000	217,000
Additional paid in capital	332,449,000	253,038,000
Accumulated deficit	0	0
Total Stockholders Equity	332,779,000	253,255,000
Total Liabilities and Stockholders Equity	$ 3,138,694,000	$ 2,241,837,000