Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Mortgage-backed securities, at fair value	$ 4,018,161	$ 4,103,981
Financing Receivable, Net	54,748	70,823
Other investments, net	675	858
Total investments, net	4,073,584	4,175,662
Cash and cash equivalents	69,330	55,809
Restricted cash	13,385	0
Derivative assets	18,488	0
Principal receivable on investments	12,999	17,008
Accrued interest receivable	21,703	23,073
Other assets, net	7,648	8,677
Total assets	4,217,137	4,280,229
Liabilities:
Repurchase agreements	3,580,754	3,564,128
Payable for unsettled mortgage-backed securities	10,358	0
Non recourse collateralized financing	12,914	30,504
Derivative Liabilities	6,681	42,537
Accrued interest payable	2,548	2,895
Accrued dividends payable	16,601	16,770
Other liabilities	1,405	6,685
Total liabilities	3,631,261	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	543	543
Additional paid-in capital	761,550	759,214
Accumulated other comprehensive income	(33,816)	52,511
Accumulated deficit	(252,059)	(250,965)
Total shareholders' equity	585,876	616,710
Total liabilities and shareholders’ equity	4,217,137	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