Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets:
Mortgage-backed securities (including pledged of $3,070,435 and $3,150,610, respectively)	$ 3,186,749	$ 3,212,084
Mortgage loans held for investment, net	18,183	19,036
Cash and cash equivalents	65,943	74,120
Restricted cash	34,822	24,769
Derivative assets	272	28,534
Principal receivable on investments	4,558	11,978
Accrued interest receivable	22,849	20,396
Other assets, net	6,498	6,814
Total assets	3,339,874	3,397,731
Liabilities:
Repurchase agreements	2,825,945	2,898,952
Non-recourse collateralized financing	6,075	6,440
Derivative liabilities	58	6,922
Accrued interest payable	2,628	3,156
Accrued dividends payable	10,934	12,268
Other liabilities	1,712	2,809
Total liabilities	2,847,352	2,930,547
Shareholders' Equity:
Preferred stock, par value $.01 per share; 50,000,000 shares authorized; 4,897,138 and 4,571,937 shares issued and outstanding, respectively ($122,428 and $114,298 aggregate liquidation preference, respectively)	117,473	110,005
Common stock, par value $.01 per share, 200,000,000 shares authorized; 49,203,022 and 49,153,463 shares issued and outstanding, respectively	492	492
Additional paid-in capital	727,503	727,369
Accumulated other comprehensive loss	(12,632)	(32,609)
Accumulated deficit	(340,314)	(338,073)
Total shareholders' equity	492,522	467,184
Total liabilities and shareholders’ equity	$ 3,339,874	$ 3,397,731