Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Agency MBS (including pledged of $2,852,363 and $1,879,831, respectively)	$ 2,979,039	$ 1,965,159
Non Agency MBS (including pledged of $537,812 and $415,195, respectively)	558,966	421,096
Securitized mortgage loans, net	89,225	113,703
Other investments, net	933	1,018
Total investments, net	3,628,163	2,500,976
Cash and cash equivalents	53,763	48,776
Principal receivable on investments	16,592	13,826
Accrued interest receivable	17,618	12,609
Other assets, net	13,061	6,006
Total assets	3,729,197	2,582,193
Liabilities:
Repurchase agreements	3,111,924	2,093,793
Payable for securities pending settlement	502	0
Non recourse collateralized financing	31,561	70,895
Derivative liabilities	39,267	27,997
Accrued interest payable	1,991	2,165
Accrued dividends payable	15,766	11,307
Other liabilities	3,113	4,687
Total liabilities	3,204,124	2,210,844
Shareholders’ equity:
Common stock, par value $.01 per share, 100,000,000 shares authorized; 54,366,382 and 40,382,530 shares issued and outstanding, respectively	544	404
Additional paid-in capital	759,167	634,683
Accumulated other comprehensive income (loss)	21,505	(3,255)
Accumulated deficit	(256,143)	(260,483)
Total shareholders' equity	525,073	371,349
Total liabilities and shareholders’ equity	$ 3,729,197	$ 2,582,193