Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
ASSETS
Mortgage-backed securities, at fair value	$ 4,141,744	$ 4,103,981
Financing Receivable, Net	59,797	70,823
Other investments, net	1,305	858
Total investments, net	4,202,846	4,175,662
Cash and cash equivalents	39,608	55,809
Restricted cash	15,849	0
Derivative assets	12,908	0
Principal receivable on investments	18,267	17,008
Accrued interest receivable	22,167	23,073
Other assets, net	7,999	8,677
Total assets	4,319,644	4,280,229
Liabilities:
Repurchase agreements	3,674,850	3,564,128
Non recourse collateralized financing	21,148	30,504
Derivative Liabilities	20,837	42,537
Accrued interest payable	2,433	2,895
Accrued dividends payable	16,632	16,770
Other liabilities	2,703	6,685
Total liabilities	3,738,603	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	544	543
Additional paid-in capital	761,862	759,214
Accumulated other comprehensive income	(34,363)	52,511
Accumulated deficit	(256,660)	(250,965)
Total shareholders' equity	581,041	616,710
Total liabilities and shareholders’ equity	4,319,644	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