Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Interest income:
Mortgage-backed securities	$ 32,039	$ 24,463
Securitized mortgage loans	924	1,504
Other investments	19	305
Total interest income	32,982	26,272
Interest expense:
Repurchase agreements	10,218	6,644
Non recourse collateralized financing	238	481
Total interest expense	10,456	7,125
Net interest income	22,526	19,147
Provision for loan losses	(261)	(60)
Net interest income after provision for loan losses	22,265	19,087
Gain on sale of investments, net	1,391	351
Fair value adjustments, net	(157)	(210)
Other (expense) income, net	(88)	369
General and administrative expenses:
Compensation and benefits	(2,358)	(1,798)
Other general and administrative	(1,450)	(1,323)
Net income	19,603	16,476
Preferred Stock Dividends	(1,222)	0
Net income to common shareholders	$ 18,381	$ 16,476
Weighted average common shares:
Basic	54,300,020	49,480,426
Diluted	54,300,774	49,480,895
Net income per common share:
Basic Net Income Per Common Share	$ 0.34	$ 0.33
Diluted Net Income Per Common Share	$ 0.34	$ 0.33
Dividends declared per common share	$ 0.29	$ 0.28