Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012		Sep. 30, 2011		Sep. 30, 2012		Sep. 30, 2011
Interest income:
Agency MBS	$ 19,677		$ 14,898		$ 54,784		$ 41,660
Non-Agency MBS	7,577		4,442		22,452		11,963
Securitized mortgage loans	1,299		1,773		4,330		5,953
Other investments	21		30		405		97
Total interest income	28,574		21,143		81,971		59,673
Interest expense:
Repurchase agreements	9,166		5,305		23,673		13,493
Non recourse collateralized financing	308		1,278		1,043		3,856
Total interest expense	9,474		6,583		24,716		17,349
Net interest income	19,100		14,560		57,255		42,324
Provision for loan losses	(110)		(300)		(170)		(750)
Net interest income after provision for loan losses	18,990		14,260		57,085		41,574
Litigation settlement and related costs	0		(8,240)		0		(8,240)
Loss on non-recourse collateralized financing	0		(1,970)		0		(1,970)
Gain on sale of investments, net	3,480		581		6,418		1,323
Fair value adjustments, net	(36)		(662)		(129)		(657)
Other income, net	(177)		(102)		350		84
General and administrative expenses:
Compensation and benefits	(1,699)		(1,106)		(5,276)		(3,447)
Other general and administrative	(1,391)		(1,229)		(3,959)		(3,261)
Net income	19,167		1,532		54,489		25,406
Preferred Stock Dividends, Income Statement Impact	(814)		0		(814)		0
Net Income (Loss) Available to Common Stockholders, Basic	$ 18,353		$ 1,532		$ 53,675		$ 25,406
Weighted average common shares:
Basic	54,367,349		40,353,219		52,751,763		37,972,766
Diluted	54,368,215		40,353,301		52,751,763		37,973,949
Net income per common share:
Basic	$ 0.34		$ 0.04		$ 1.02		$ 0.67
Diluted	$ 0.34	[1]	$ 0.04	[1]	$ 1.02	[2]	$ 0.67	[2]
Dividends declared per common share	$ 0.29		$ 0.27		$ 0.86		$ 0.81

[1] For the three months ended September 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 nine months ended September 30, 2012 and September 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.