Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011
Interest income:
Agency MBS	$ 18,181		$ 15,244		$ 35,107		$ 26,762
Non-Agency MBS	7,338		3,830		14,875		7,521
Securitized mortgage loans	1,527		1,961		3,031		4,180
Other investments	79		30		384		67
Total interest income	27,125		21,065		53,397		38,530
Interest expense:
Repurchase agreements	7,863		4,760		14,507		8,188
Non recourse collateralized financing	254		1,272		735		2,578
Total interest expense	8,117		6,032		15,242		10,766
Net interest income	19,008		15,033		38,155		27,764
Provision for loan losses	0		(200)		(60)		(450)
Net interest income after provision for loan losses	19,008		14,833		38,095		27,314
Gain on sale of investments, net	2,587		742		2,938		742
Fair value adjustments, net	117		131		(93)		5
Other income, net	159		143		528		186
General and administrative expenses:
Compensation and benefits	(1,779)		(1,209)		(3,577)		(2,341)
Other general and administrative	(1,245)		(1,046)		(2,568)		(2,032)
Net income	$ 18,847		$ 13,594		$ 35,323		$ 23,874
Weighted average common shares:
Basic	54,353,811		40,333,269		51,930,581		36,762,811
Diluted	54,353,811		40,334,407		51,930,581		36,765,020
Net income per common share:
Basic	$ 0.35		$ 0.34		$ 0.68		$ 0.65
Diluted	$ 0.35	[1]	$ 0.34	[1]	$ 0.68	[2]	$ 0.65	[2]
Dividends declared per common share	$ 0.29		$ 0.27		$ 0.57		$ 0.54

[1] For the three months ended June 30, 2012 and June 30, 2011, the calculation of diluted net income per common share excludes the effect of 15,000 unexercised stock option awards because their inclusion would have been anti-dilutive.

[2] For the six months ended June 30, 2012, the calculation of diluted net income per common share excludes the effect of 15,000 unexercised stock option awards because their inclusion would have been anti-dilutive.