Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
ASSETS
Mortgage-backed securities, at fair value	$ 4,559,323	$ 4,103,981
MBS pending settlement	22,875	0
Financing Receivable, Net	62,083	70,823
Other investments, net	5,782	858
Total investments, net	4,627,188	4,175,662
Cash and cash equivalents	29,343	55,809
Derivative assets	14,860	0
Principal receivable on investments	22,860	17,008
Accrued interest receivable	24,304	23,073
Other assets, net	7,841	8,677
Total assets	4,749,271	4,280,229
Liabilities:
Repurchase agreements	4,071,392	3,564,128
Non recourse collateralized financing	24,634	30,504
Derivative Liabilities	21,192	42,537
Accrued interest payable	1,661	2,895
Accrued dividends payable	17,902	16,770
Other liabilities	5,253	6,685
Total liabilities	4,142,034	3,663,519
Shareholders’ equity:
Common stock, par value $.01 per share, 100,000,000 shares authorized; 54,835,420 and 54,268,915 shares issued and outstanding, respectively	552	543
Additional paid-in capital	767,172	759,214
Accumulated other comprehensive income	(35,100)	52,511
Accumulated deficit	(235,045)	(250,965)
Total shareholders' equity	607,237	616,710
Total liabilities and shareholders’ equity	4,749,271	4,280,229
Series A Preferred Stock [Member]
Shareholders’ equity:
Preferred Stock	55,407	55,407
Series B Preferred Stock [Member]
Shareholders’ equity:
Preferred Stock	$ 54,251	$ 0