Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest income:
Mortgage-backed securities	$ 30,820	$ 27,254	$ 95,827	$ 77,236
Securitized mortgage loans	832	1,299	2,659	4,330
Other investments	14	21	52	405
Total interest income	31,666	28,574	98,538	81,971
Interest expense:
Repurchase agreements	8,477	9,166	29,860	23,673
Non recourse collateralized financing	241	308	760	1,043
Total interest expense	8,718	9,474	30,620	24,716
Net interest income	22,948	19,100	67,918	57,255
Provision for loan losses	0	(110)	(261)	(170)
Net interest income after provision for loan losses	22,948	18,990	67,657	57,085
Gain on derivative instruments, net	(24,019)	(333)	(12,683)	(907)
Gain on sale of investments, net	(825)	3,480	2,597	6,418
Fair value adjustments, net	150	297	(590)	778
Other (expense) income, net	748	(177)	761	350
General and administrative expenses:
Compensation and benefits	(2,282)	(1,699)	(6,948)	(5,276)
Other general and administrative	(1,347)	(1,391)	(4,284)	(3,959)
Net income	(4,627)	19,167	46,510	54,489
Preferred Stock Dividends	(2,294)	(814)	(5,608)	(814)
Net income to common shareholders	$ (6,921)	$ 18,353	$ 40,902	$ 53,675
Weighted average common shares:
Basic	54,903,637	54,367,349	54,727,950	52,751,763
Diluted	54,903,637	54,368,215	54,727,950	52,751,763
Net income per common share:
Basic Net Income Per Common Share	$ (0.13)	$ 0.34	$ 0.75	$ 1.02
Diluted Net Income Per Common Share	$ (0.13)	$ 0.34	$ 0.75	$ 1.02
Dividends declared per common share	$ 0.27	$ 0.29	$ 0.85	$ 0.86