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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Preferred Stock
Series B 7.50% Cumulative Redeemable - Liquidation Preference $25.00 per Share
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Balance at Dec. 31, 2013 $ 3,142,251 $ 80 $ 3,651 $ 2,972,369 $ (571,544) $ 737,695
Balance (in shares) at Dec. 31, 2013   8,000,000 365,125,000      
Increase (Decrease) in Stockholders' Equity            
Cumulative effect adjustment on adoption of revised accounting standard for repurchase agreement financing 0          
Net income 154,914       154,914 0
Issuance of common stock, net of expenses [1] 16,846 $ 0 $ 24 16,822 0 0
Issuance of common stock, net of expenses (in shares) [1]   0 2,414,000      
Repurchase of shares of common stock [1] (241) $ 0 $ 0 (241) 0 0
Repurchase of shares of common stock (in shares) [1]   0 (64,000)      
Equity based compensation expense 3,086     3,086 0 0
Accrued dividends attributable to stock-based awards (109)     (109) 0 0
Dividends declared on common stock (146,907)     0 (146,907) 0
Dividends declared on preferred stock (7,500)     0 (7,500) 0
Dividends attributable to dividend equivalents (384)     0 (384) 0
Change in unrealized gains on MBS, net 152,792     0 0 152,792
Change in unrealized losses on derivative hedging instruments, net (39,454)     0 0 (39,454)
Balance at Jun. 30, 2014 3,275,294 $ 80 $ 3,675 2,991,927 (571,421) 851,033
Balance (in shares) at Jun. 30, 2014   8,000,000 367,475,000      
Balance at Dec. 31, 2014 3,203,272 $ 80 $ 3,701 3,013,634 (568,596) 754,453
Balance (in shares) at Dec. 31, 2014   8,000,000 370,084,000      
Increase (Decrease) in Stockholders' Equity            
Cumulative effect adjustment on adoption of revised accounting standard for repurchase agreement financing 4,537       (4,537) 4,537
Net income 160,244       160,244 0
Issuance of common stock, net of expenses [1] 623 $ 0 $ 1 622 0 0
Issuance of common stock, net of expenses (in shares) [1]   0 134,000      
Repurchase of shares of common stock [1] $ (238) $ 0 $ 0 (238) 0 0
Repurchase of shares of common stock (in shares) 0 0 [1] (22,000) [1]      
Equity based compensation expense $ 2,569     2,569 0 0
Accrued dividends attributable to stock-based awards (225)     (225) 0 0
Dividends declared on common stock (148,153)     0 (148,153) 0
Dividends declared on preferred stock (7,500)     0 (7,500) 0
Dividends attributable to dividend equivalents (513)     0 (513) 0
Change in unrealized gains on MBS, net (58,901)     0 0 (58,901)
Change in unrealized losses on derivative hedging instruments, net (5,509)     0 0 (5,509)
Balance at Jun. 30, 2015 $ 3,145,669 $ 80 $ 3,702 $ 3,016,362 $ (569,055) $ 694,580
Balance (in shares) at Jun. 30, 2015   8,000,000 370,196,000      
[1] For the six months ended June 30, 2015 and 2014, includes approximately $169,000 (22,148 shares) and $480,000 (64,012 shares), respectively, surrendered for tax purposes related to equity-based compensation awards.