Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets:
Mortgage-backed securities (including pledged of $2,640,884 and $3,150,610, respectively)	$ 3,026,989	$ 3,212,084
U.S. Treasuries (including pledged of $124,215)	146,530	0
Mortgage loans held for investment, net	15,738	19,036
Cash and cash equivalents	40,867	74,120
Restricted cash	46,333	24,769
Derivative assets	2,940	28,534
Principal receivable on investments	165	11,978
Accrued interest receivable	19,819	20,396
Other assets, net	6,397	6,814
Total assets	3,305,778	3,397,731
Liabilities:
Repurchase agreements	2,565,902	2,898,952
Payable for unsettled securities	156,899	0
Non-recourse collateralized financing	5,520	6,440
Derivative liabilities	269	6,922
Accrued interest payable	3,734	3,156
Accrued dividends payable	12,526	12,268
Other liabilities	3,870	2,809
Total liabilities	2,748,720	2,930,547
Shareholders’ Equity:
Preferred stock, par value $.01 per share; 50,000,000 shares authorized; 5,888,680 and 4,571,937 shares issued and outstanding, respectively ($147,217 and $114,298 aggregate liquidation preference, respectively)	141,294	110,005
Common stock, par value $.01 per share, 200,000,000 shares authorized; 55,831,549 and 49,153,463 shares issued and outstanding, respectively	558	492
Additional paid-in capital	775,873	727,369
Accumulated other comprehensive loss	(8,697)	(32,609)
Accumulated deficit	(351,970)	(338,073)
Total shareholders’ equity	557,058	467,184
Total liabilities and shareholders’ equity	$ 3,305,778	$ 3,397,731