Consolidated Statements of Comprehensive Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Interest income:
Mortgage-backed securities	$ 25,207	$ 30,820	$ 79,104	$ 95,827
Mortgage loans held for investment	793	846	2,255	2,711
Total interest income	26,000	31,666	81,359	98,538
Interest expense:
Repurchase agreements	6,028	8,477	20,187	29,860
Non recourse collateralized financing	30	241	76	760
Total interest expense	6,058	8,718	20,263	30,620
Net interest income	19,942	22,948	61,096	67,918
Provision for loan losses	0	0	0	(261)
Gain (loss) on derivative instruments, net	4,842	(24,019)	(31,654)	(12,683)
Gain (loss) on sale of investments, net	9,057	(825)	5,273	2,597
Fair value adjustments, net	42	150	162	(590)
Other income, net	897	748	1,108	761
General and administrative expenses:
Compensation and benefits	(2,351)	(2,282)	(7,232)	(6,948)
Other general and administrative	(1,563)	(1,347)	(4,620)	(4,284)
Net income (loss)	30,866	(4,627)	24,133	46,510
Preferred Stock Dividends	(2,294)	(2,294)	(6,882)	(5,608)
Net income (loss) to common shareholders	28,572	(6,921)	17,251	40,902
Change in fair value of available-for-sale investments	(6,867)	(2,671)	50,212	(112,037)
Reclassification adjustment for (gain) loss on sale of investments, net	(9,057)	825	(5,273)	(2,597)
Change in fair value of cash flow hedges	0	0	0	16,381
Reclassification adjustment for cash flow hedges (including de-designated hedges)	1,442	2,583	5,339	11,379
Other comprehensive (loss) income	(14,482)	737	50,278	(86,874)
Comprehensive income (loss) to common shareholders	$ 14,090	$ (6,184)	$ 67,529	$ (45,972)
Weighted average common shares - basic and diluted	54,731,414	54,903,637	54,689,762	54,727,950
Net income (loss) per common share - basic and diluted	$ 0.52	$ (0.13)	$ 0.32	$ 0.75
Dividends declared per common share	$ 0.25	$ 0.27	$ 0.75	$ 0.85