Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets:
Mortgage-backed securities (including pledged of $3,511,604 and $2,640,884 respectively)	$ 3,749,464	$ 3,026,989
U.S. Treasuries (including pledged of $0 and $124,215, respectively)	0	146,530
Mortgage loans held for investment, net	11,527	15,738
Cash and cash equivalents	34,598	40,867
Restricted cash	54,106	46,333
Derivative assets	6,563	2,940
Accrued interest receivable	21,019	19,819
Other assets, net	8,812	6,562
Total assets	3,886,089	3,305,778
Liabilities:
Repurchase agreements	3,267,984	2,565,902
Payable for unsettled securities	58,915	156,899
Non-recourse collateralized financing	3,458	5,520
Derivative liabilities	1,218	269
Accrued interest payable	10,308	3,734
Accrued dividends payable	13,810	12,526
Other liabilities	3,243	3,870
Total liabilities	3,358,936	2,748,720
Shareholders’ Equity:
Preferred stock, par value $.01 per share; 50,000,000 shares authorized; 5,954,594 and 5,888,680 shares issued and outstanding, respectively ($148,865 and $147,217 aggregate liquidation preference, respectively)	142,883	141,294
Common stock, par value $.01 per share, 200,000,000 shares authorized; 62,817,218 and 55,831,549 shares issued and outstanding, respectively	628	558
Additional paid-in capital	818,442	775,873
Accumulated other comprehensive loss	(35,779)	(8,697)
Accumulated deficit	(399,021)	(351,970)
Total shareholders’ equity	527,153	557,058
Total liabilities and shareholders’ equity	$ 3,886,089	$ 3,305,778