Repurchase Agreements (Tables)

6 Months Ended

Jun. 30, 2012

REPURCHASE AGREEMENTS [Abstract]

Schedule of Repurchase Agreements [Table Text Block]

The following tables present the components of the Company’s repurchase agreements as of June 30, 2012 and December 31, 2011 by the fair value and type of securities pledged as collateral to the repurchase agreements:

	June 30, 2012
Collateral Type	Balance		Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	2,162,480	0.40	%	$	2,239,357
Agency CMBS and CMBS IOs	468,322		0.81	%	536,268
Non-Agency RMBS	14,575		1.82	%	16,582
Non-Agency CMBS and CMBS IOs	425,241		1.41	%	520,751
Securitization financing bonds	41,306		1.61	%	50,395
	$	3,111,924	0.62	%	$	3,363,353

	December 31, 2011
Collateral Type	Balance		Weighted Average Rate		Fair Value of Collateral Pledged
Agency RMBS	$	1,447,508	0.38	%	$	1,521,107
Agency CMBS and CMBS IOs	290,362		0.59	%	329,612
Non-Agency RMBS	12,195		1.85	%	13,597
Non-Agency CMBS and CMBS IOs	283,266		1.54	%	336,124
Securitization financing bonds	60,462		1.65	%	67,872
	$	2,093,793	0.61	%	$	2,268,312

Repurchase Agreements, Original Maturity Schedule [Table Text Block]

 The following table provides a summary of the original maturity as of June 30, 2012 and December 31, 2011:

Original Maturity	June 30, 2012		December 31, 2011
30 days or less	$	1,076,065	$	180,387
31 to 60 days	1,168,159		880,491
61 to 90 days	536,687		496,509
Greater than 90 days	331,013		536,406
	$	3,111,924	$	2,093,793