CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Residential mortgage investments ($12.81 and $13.54 billion pledged at December 31, 2016 and December 31, 2015, respectively)	$ 13,316,282	$ 14,154,737
Cash collateral receivable from interest rate swap counterparties	29,660	50,193
Interest rate swap agreements at fair value	24,709	7,720
Cash and cash equivalents	56,732	54,185
Receivables and other assets	149,493	179,531
Total assets	13,576,876	14,446,366
Liabilities
Secured borrowings	12,145,346	12,958,394
Interest rate swap agreements at fair value	24,417	26,061
Unsecured borrowings	98,090	97,986
Common stock dividend payable	22,634	25,979
Accounts payable and accrued expenses	38,702	39,622
Total liabilities	12,329,189	13,148,042
Stockholders’ equity
Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 8,234 and 8,156 shares issued and outstanding ($205,849 and $203,902 aggregate liquidation preferences) at December 31, 2016 and December 31, 2015, respectively	199,059	197,172
Common stock - $0.01 par value; 250,000 shares authorized: 95,989 and 95,825 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	960	958
Paid-in capital	1,288,346	1,310,563
Accumulated deficit	(346,464)	(346,464)
Accumulated other comprehensive income	105,786	136,095
Total stockholders' equity	1,247,687	1,298,324
Total liabilities and equity	$ 13,576,876	$ 14,446,366