RESIDENTIAL MORTGAGE INVESTMENT (Tables)

9 Months Ended

Sep. 30, 2012

Schedule Of Residential Mortgage Investments

	Unpaid Principal Balance		Investment Premiums		Amortized Cost Basis		Carrying Amount (a)		Net WAC (b)			Average Yield (b)
September 30, 2012
Agency Securities:
Fannie Mae/Freddie Mac:
Fixed-rate	$	3,417	$	10	$	3,427	$	3,433		6.70	%		6.48	%
ARMs		11,887,228		363,586		12,250,814		12,586,241		2.74			1.82
Ginnie Mae ARMs		1,628,246		50,332		1,678,578		1,712,427		2.78			2.10
		13,518,891		413,928		13,932,819		14,302,101		2.74			1.86
Residential mortgage loans:
Fixed-rate		3,066		5		3,071		3,071		6.96			6.15
ARMs		5,139		20		5,159		5,159		3.51			3.83
		8,205		25		8,230		8,230		4.80			4.69
Collateral for structured financings		2,829		48		2,877		2,877		8.12			7.39
	$	13,529,925	$	414,001	$	13,943,926	$	14,313,208		2.75			1.86
December 31, 2011
Agency Securities:
Fannie Mae/Freddie Mac:
Fixed-rate	$	4,015	$	12	$	4,027	$	4,035		6.73	%		6.55	%
ARMs		10,378,503		285,963		10,664,466		10,880,200		2.85			2.08
Ginnie Mae ARMs		1,312,049		37,191		1,349,240		1,368,197		3.02			2.31
		11,694,567		323,166		12,017,733		12,252,432		2.87			2.11
Residential mortgage loans:
Fixed-rate		3,234		5		3,239		3,239		6.96			6.58
ARMs		5,887		22		5,909		5,909		3.48			3.66
		9,121		27		9,148		9,148		4.71			4.69
Collateral for structured financings		3,272		54		3,326		3,326		8.04			7.60
	$	11,706,960	$	323,247	$	12,030,207	$	12,264,906		2.87			2.11