CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
Mortgage-backed securities and credit risk transfer securities		$ 9,460,859	$ 9,969,163
Securities obtained and pledged as collateral, at fair value		371,333	510,767
Residential whole loans, at carrying value ($418,372 and $427,880 pledged as collateral, respectively)		573,715	590,540
Residential whole loans, at fair value ($745,044 and $734,331 pledged as collateral, respectively)		775,152	814,682
Cash and cash equivalents		421,572	260,112
Restricted cash		10,980	58,463
Other assets		286,495	280,295
Total Assets		11,900,106	12,484,022
Liabilities:
Repurchase agreements and other advances		8,137,102	8,687,268
Obligation to return securities obtained as collateral, at fair value		510,733	510,767
8% Senior Notes due 2042 (“Senior Notes”)		96,743	96,733
Other liabilities		99,581	155,352
Total Liabilities		8,844,159	9,450,120
Commitments and contingencies (See Note 11)
Stockholders’ Equity:
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)		80	80
Common stock, $.01 par value; 886,950 shares authorized; 372,819 and 371,854 shares issued and outstanding, respectively		3,728	3,719
Additional paid-in capital, in excess of par		3,030,603	3,029,062
Accumulated deficit		(573,127)	(572,641)
Accumulated other comprehensive income		594,663	573,682
Total Stockholders’ Equity		3,055,947	3,033,902
Total Liabilities and Stockholders’ Equity		11,900,106	12,484,022
Non-Agency MBS Transferred to Consolidated VIEs
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
Mortgage-backed securities and credit risk transfer securities	[1]	0	174,404
Agency MBS
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
Mortgage-backed securities and credit risk transfer securities		3,494,614	3,738,497
Non-Agency MBS
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
Mortgage-backed securities and credit risk transfer securities		5,468,178	5,825,816
Non-Agency MBS | Non-Agency MBS
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
Mortgage-backed securities and credit risk transfer securities		5,468,178	5,651,412
CRT securities
Mortgage-backed securities (“MBS”) and credit risk transfer (“CRT”) securities:
Mortgage-backed securities and credit risk transfer securities		$ 498,067	$ 404,850

[1] Non-Agency MBS transferred to consolidated VIEs at December 31, 2016 represented assets of the consolidated VIEs that can be used only to settle the obligations of each respective VIE.