Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Agency MBS	$ 3,492,659	$ 1,965,159
Non Agency MBS	611,322	421,096
Securitized mortgage loans, net	70,823	113,703
Other investments, net	858	1,018
Total investments, net	4,175,662	2,500,976
Cash and cash equivalents	55,809	48,776
Principal receivable on investments	17,008	13,826
Accrued interest receivable	23,073	12,609
Other assets, net	8,677	6,006
Total assets	4,280,229	2,582,193
Liabilities:
Repurchase agreements	3,564,128	2,093,793
Non recourse collateralized financing	30,504	70,895
Derivative Liabilities	42,537	27,997
Accrued interest payable	2,895	2,165
Accrued dividends payable	16,770	11,307
Other liabilities	6,685	4,687
Total liabilities	3,663,519	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	543	404
Additional paid-in capital	759,214	634,683
Accumulated other comprehensive income (loss)	52,511	(3,255)
Accumulated deficit	(250,965)	(260,483)
Total shareholders' equity	616,710	371,349
Total liabilities and shareholders’ equity	$ 4,280,229	$ 2,582,193