Consolidated Balance Sheets (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Agency MBS (including pledged of $2,039,227 and $1,090,174, respectively)	$ 2,181,850	$ 1,192,579
Non Agency MBS (including pledged of $251,316 and $259,350, respectively)	277,195	267,356
Securitized mortgage loans, net	130,925	152,962
Other investments, net	1,127	1,229
Total investments, net	2,591,097	1,614,126
Cash and cash equivalents	33,975	18,836
Derivative assets	432	692
Principal receivable on investments	14,402	3,739
Accrued interest receivable	11,380	6,105
Other assets, net	5,417	6,086
Total assets	2,656,703	1,649,584
Liabilities:
Repurchase agreements	2,133,249	1,234,183
Non recourse collateralized financing	105,983	107,105
Derivative liabilities	13,295	3,532
Accrued interest payable	1,437	1,079
Accrued dividends payable	10,893	8,192
Other liabilities	4,986	3,136
Total liabilities, net	2,269,843	1,357,227
Commitments and Contingencies (Note 13)
Shareholders’ equity:
Common stock, par value $.01 per share, 100,000,000 shares authorized; 40,343,159 and 30,342,897 shares issued and outstanding, respectively	403	303
Additional paid-in capital	633,969	538,304
Accumulated other comprehensive income	6,699	10,057
Accumulated deficit	(254,211)	(256,307)
Total shareholders' equity, net	386,860	292,357
Total liabilities and shareholders’ equity	$ 2,656,703	$ 1,649,584