CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Residential mortgage investments ($12.58 and $12.98 billion pledged at June 30, 2018 and December 31, 2017, respectively)	$ 13,017,107	$ 13,454,098
Cash collateral receivable from interest rate swap counterparties	33,630	42,506
Cash and cash equivalents	57,403	103,907
Receivables and other assets	148,215	132,938
Total assets	13,256,355	13,733,449
Liabilities
Secured borrowings	11,936,869	12,331,060
Interest rate swap agreements at fair value	16,161	23,772
Unsecured borrowings	98,241	98,191
Common stock dividend payable	13,232	18,487
Accounts payable and accrued expenses	22,996	23,063
Total liabilities	12,087,499	12,494,573
Stockholders’ equity
Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 10,329 shares issued and outstanding ($258,226 aggregate liquidation preference) at June 30, 2018 and December 31, 2017	250,946	250,946
Common stock - $0.01 par value; 250,000 shares authorized: 92,446 and 95,698 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	924	957
Paid-in capital	1,237,812	1,271,425
Accumulated deficit	(346,570)	(346,570)
Accumulated other comprehensive income	25,744	62,118
Total stockholders' equity	1,168,856	1,238,876
Total liabilities and equity	$ 13,256,355	$ 13,733,449