Consolidated Statements of Income (USD $) In Thousands, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Interest income:
Agency MBS	$ 14,898	$ 5,607	$ 41,660	$ 15,085
Non-Agency MBS	4,442	3,345	11,963	9,586
Securitized mortgage loans	1,773	2,748	5,953	9,726
Other investments	29	30	91	94
Cash and cash equivalents	1	4	6	9
Total interest income	21,143	11,734	59,673	34,500
Interest expense:
Repurchase agreements	5,305	1,672	13,493	4,297
Non recourse collateralized financing	1,278	1,661	3,856	6,674
Total interest expense	6,583	3,333	17,349	10,971
Net interest income	14,560	8,401	42,324	23,529
Provision for loan losses	(300)	(211)	(750)	(770)
Net interest income after provision for loan losses	14,260	8,190	41,574	22,759
Litigation settlement and related costs	(8,240)	0	(8,240)	0
(Loss) gain on non-recourse collateralized financing	(1,970)	561	(1,970)	561
Gain on sale of investments, net	581	0	1,323	794
Fair value adjustments, net	(662)	77	(657)	230
Other income, net	(102)	165	84	1,389
General and administrative expenses:
Compensation and benefits	(1,106)	(1,191)	(3,447)	(3,033)
Other general and administrative	(1,229)	(780)	(3,261)	(2,874)
Net income	1,532	7,022	25,406	19,826
Preferred stock dividends	0	(1,056)	0	(3,061)
Net income to common shareholders	$ 1,532	$ 5,966	$ 25,406	$ 16,765
Weighted average common shares:
Basic	40,353	17,230	37,973	15,532
Diluted	40,353	21,457	37,974	19,757
Net income per common share:
Basic	$ 0.04	$ 0.35	$ 0.67	$ 1.08
Diluted	$ 0.04	$ 0.33	$ 0.67	$ 1.00
Dividends declared per common share	$ 0.27	$ 0.25	$ 0.81	$ 0.94