Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Agency MBS (including pledged of $1,893,209 and $1,090,174, respectively)	$ 2,656,163	$ 1,965,159
Non Agency MBS (including pledged of $367,642 and $259,350, respectively)	465,711	421,096
Securitized mortgage loans, net	100,675	113,703
Other investments, net	53,621	1,018
Total investments, net	3,276,170	2,500,976
Cash and cash equivalents	41,724	48,776
Derivative assets	89	0
Principal receivable on investments	9,408	13,826
Accrued interest receivable	15,979	12,609
Other assets, net	5,686	6,006
Total assets	3,349,056	2,582,193
Liabilities:
Repurchase agreements	2,686,198	2,093,793
Payable for securities pending settlement	59,416	0
Non recourse collateralized financing	32,237	70,895
Derivative liabilities	27,668	27,997
Accrued interest payable	1,697	2,165
Accrued dividends payable	15,215	11,307
Other liabilities	3,728	4,687
Total liabilities, net	2,826,159	2,210,844
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	543	404
Additional paid-in capital	758,652	634,683
Accumulated other comprehensive income	22,924	(3,255)
Accumulated deficit	(259,222)	(260,483)
Total shareholders' equity, net	522,897	371,349
Total liabilities and shareholders’ equity	$ 3,349,056	$ 2,582,193