CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest Income:
Residential whole loans held at carrying value	$ 4,193	$ 0	$ 7,784	$ 0
Cash and cash equivalent investments	29	17	56	43
Interest Income	123,996	118,642	253,938	239,816
Interest Expense:
Repurchase agreements	40,223	36,690	81,405	73,419
Securitized debt	618	1,871	1,368	4,056
Senior Notes	2,008	2,008	4,016	4,015
Interest Expense	42,849	40,569	86,789	81,490
Net Interest Income	81,147	78,073	167,149	158,326
Other-Than-Temporary Impairments:
Total other-than-temporary impairment losses	(130)	0	(525)	0
Portion of loss reclassed from other comprehensive income	(168)	0	(180)	0
OTTI recognized in earnings	(298)	0	(705)	0
Other Income, net:
Unrealized net gains and net interest income from Linked Transactions	0	3,776	0	7,027
Net gain on residential whole loans held at fair value	3,163	0	5,197	0
Gain on sales of MBS	7,617	7,852	14,052	11,423
Other, net	(617)	708	(306)	292
Other Income, net	10,163	12,336	18,943	18,742
Operating and Other Expense:
Compensation and benefits	6,531	5,901	13,277	12,408
Other general and administrative expense	4,678	4,081	8,135	7,630
Excise tax and interest	0	1,175	0	1,175
Loan servicing and other related operating expenses	1,732	526	3,731	941
Operating and Other Expense	12,941	11,683	25,143	22,154
Net Income	78,071	78,726	160,244	154,914
Less Preferred Stock Dividends	3,750	3,750	7,500	7,500
Net Income Available to Common Stock and Participating Securities	$ 74,321	$ 74,976	$ 152,744	$ 147,414
Earnings per Common Share - Basic and Diluted (in dollars per share)	$ 0.20	$ 0.20	$ 0.41	$ 0.40
Dividends Declared per Share of Common Stock (in dollars per share)	$ 0.20	$ 0.20	$ 0.40	$ 0.40
Agency Mortgage Backed Securities
Interest Income:
Securities	$ 25,739	$ 37,609	$ 57,412	$ 76,938
Non-Agency MBS | Non-Agency MBS
Interest Income:
Securities	80,916	43,473	162,164	86,628
Non-Agency MBS | Non-Agency MBS Transferred to Consolidated VIEs
Interest Income:
Securities	11,595	37,543	23,638	76,207
CRT securities
Interest Income:
Securities	$ 1,524	$ 0	$ 2,884	$ 0