CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Interest Income:
Agency MBS	$ 38,037		$ 49,550		$ 80,824		$ 102,850
Non-Agency MBS	43,997		32,674		85,044		58,468
Non-Agency MBS transferred to consolidated VIEs	38,601		43,280		77,469		87,690
Cash and cash equivalent investments	36		27		72		46
Interest Income	120,671		125,531		243,409		249,054
Interest Expense:
Repurchase agreements	33,397		36,252		68,072		72,322
Securitized debt	3,075		4,652		6,551		8,709
Senior Notes	2,006		1,784		4,013		1,784
Total Interest Expense	38,478		42,688		78,636		82,815
Net Interest Income	82,193		82,843		164,773		166,239
Other-Than-Temporary Impairments:
Total other-than-temporary impairment losses	0		0		0		(879)
Portion of loss reclassed from other comprehensive income	0		(280)		0		(321)
Net Impairment Losses Recognized in Earnings	0		(280)		0		(1,200)
Other Income, net:
Unrealized net (losses)/gains and net interest income from Linked Transactions	(295)		568		1,241		8,267
Gain on sales of MBS and U.S. Treasury securities, net	4,365		0		5,998		2,953
Other, net	55		1		110		1
Other Income, net	4,125		569		7,349		11,221
Operating and Other Expense:
Compensation and benefits	5,284		5,156		10,557		10,768
Other general and administrative expense	3,561		3,210		6,741		6,013
Excise tax and interest	2,000		0		2,000		0
Operating and Other Expense	10,845		8,366		19,298		16,781
Net Income	75,473		74,766		152,824		159,479
Less Preferred Stock Dividends	4,210		2,040		6,250		4,080
Less Issuance Costs of Redeemed Preferred Stock	3,947	[1]	0	[1]	3,947	[1]	0	[1]
Net Income Available to Common Stock and Participating Securities	$ 67,316		$ 72,726		$ 142,627		$ 155,399
Earnings per Common Share - Basic and Diluted (in dollars per share)	$ 0.19		$ 0.20		$ 0.39		$ 0.43
Dividends Declared per Share of Common Stock (in dollars per share)	$ 0.22		$ 0.23		$ 0.94	[2]	$ 0.47

[1] Issuance costs of redeemed preferred stock represent the original offering costs related to the Series A Preferred Stock, which was redeemed on May 16, 2013. (See Note 11)

[2] Includes a special dividend of $0.50 per share declared on March 4, 2013.