Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
ASSETS
Mortgage-backed securities, at fair value	$ 4,267,917	$ 4,103,981
MBS pending settlement	197,778	0
Securitized mortgage loans, net	64,825	70,823
Other investments, net	822	858
Total investments, net	4,531,342	4,175,662
Cash and cash equivalents	44,129	55,809
Principal receivable on investments	18,615	17,008
Accrued interest receivable	24,920	23,073
Other assets, net	9,107	8,677
Total assets	4,628,113	4,280,229
Liabilities:
Repurchase agreements	3,708,255	3,564,128
Payable for securities pending settlement	198,051	0
Non recourse collateralized financing	28,473	30,504
Derivative Liabilities	37,687	42,537
Accrued interest payable	2,873	2,895
Accrued dividends payable	16,934	16,770
Other liabilities	2,542	6,685
Total liabilities	3,994,815	3,663,519
Shareholders’ equity:
Preferred Stock, par value $.01 per share, 8.5% Series A Cumulative Redeemable; 8,000,000 shares authorized; 2,300,000 and no shares issued and outstanding, respectively ($58,532 aggregate liquidation preference)	55,407	55,407
Common stock, par value $.01 per share, 100,000,000 shares authorized; 54,835,420 and 54,268,915 shares issued and outstanding, respectively	548	543
Additional paid-in capital	764,272	759,214
Accumulated other comprehensive income	61,557	52,511
Accumulated deficit	(248,486)	(250,965)
Total shareholders' equity	633,298	616,710
Total liabilities and shareholders’ equity	$ 4,628,113	$ 4,280,229