Condensed Consolidated Balance Sheet - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash	$ 20,271	$ 29,882
Cash collateral posted to counterparties	22,867	3,209
Agency Securities, available for sale, at fair value (including pledged securities of $641,073 and $1,071,298)	643,191	1,075,521
Non-Agency Securities, trading, at fair value (including pledged securities of $246,298 and $158,931)	246,370	158,931
Linked Transactions, net, at fair value (including pledged securities of $8,940 in 2014)	0	2,532
Derivatives, at fair value	627	7,321
Accrued interest receivable	1,667	2,792
Prepaid and other assets	873	713
Total Assets	935,866	1,280,901
Liabilities:
Repurchase agreements	798,938	1,134,387
Cash collateral posted by counterparties	0	2,876
Derivatives, at fair value	14,364	2,603
Accrued interest payable	551	696
Accounts payable and other accrued expenses	2,019	731
Total Liabilities	$ 815,872	$ 1,141,293
Commitments and Contingencies
Stockholders’ Equity:
Preferred stock, $0.001 par value, 25,000 shares authorized and none issued and outstanding at September 30, 2015 and December 31, 2014.	$ 0	$ 0
Common stock, $0.001 par value, 250,000 shares authorized, 11,924 shares and 11,985 shares issued and outstanding at September 30, 2015 and December 31, 2014.	12	12
Additional paid-in capital	243,418	243,892
Accumulated deficit	(129,144)	(112,899)
Accumulated other comprehensive income	5,708	8,603
Total Stockholders’ Equity	119,994	139,608
Total Liabilities and Stockholders’ Equity	$ 935,866	$ 1,280,901