Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
ASSETS
Agency MBS	$ 3,650,672	$ 1,965,159
Non Agency MBS	586,931	421,096
Securitized mortgage loans, net	77,748	113,703
Other investments, net	896	1,018
Total investments, net	4,316,247	2,500,976
Cash and cash equivalents	34,723	48,776
Principal receivable on investments	20,374	13,826
Accrued interest receivable	22,091	12,609
Other assets, net	11,595	6,006
Total assets	4,405,030	2,582,193
Liabilities:
Repurchase agreements	3,670,972	2,093,793
Payable for securities pending settlement	12,567	0
Non recourse collateralized financing	31,295	70,895
Derivative liabilities	46,496	27,997
Accrued interest payable	2,381	2,165
Accrued dividends payable	16,582	11,307
Other liabilities	6,806	4,687
Total liabilities	3,787,099	2,210,844
Shareholders’ equity:
Preferred Stock, Value, Issued	55,407	0
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	759,647	634,683
Accumulated other comprehensive income (loss)	55,890	(3,255)
Accumulated deficit	(253,557)	(260,483)
Total shareholders' equity	617,931	371,349
Total liabilities and shareholders’ equity	$ 4,405,030	$ 2,582,193