Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Agency MBS (including pledged of $1,879,831 and $1,090,174, respectively)	$ 1,965,159	$ 1,192,579
Non Agency MBS (including pledged of $415,195 and $259,350, respectively)	421,096	267,356
Securitized mortgage loans, net	113,703	152,962
Other investments, net	1,018	1,229
Total investments, net	2,500,976	1,614,126
Cash and cash equivalents	48,776	18,836
Derivative assets	0	692
Principal receivable on investments	13,826	3,739
Accrued interest receivable	12,609	6,105
Other assets, net	6,006	6,086
Total assets	2,582,193	1,649,584
Liabilities:
Repurchase agreements	2,093,793	1,234,183
Non-recourse collateralized financing	70,895	107,105
Derivative liabilities	27,997	3,532
Accrued interest payable	2,165	1,079
Accrued dividends payable	11,307	8,192
Other liabilities	4,687	3,136
Total liabilities	2,210,844	1,357,227
Shareholders’ equity:
Common stock, par value $.01 per share, 100,000,000 shares authorized; 40,380,276 and 30,342,897 shares issued and outstanding, respectively	404	303
Additional paid-in capital	634,683	538,304
Accumulated other comprehensive income	(3,255)	10,057
Accumulated deficit	(260,483)	(256,307)
Total shareholders' equity, net	371,349	292,357
Total liabilities and shareholders’ equity	$ 2,582,193	$ 1,649,584