CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012
Interest Income:
Agency MBS	$ 42,787		$ 53,300
Non-Agency MBS	41,047		25,794
Non-Agency MBS transferred to consolidated VIEs	38,868		44,410
Cash and cash equivalent investments	36		19
Interest Income	122,738		123,523
Interest Expense:
Repurchase agreements	34,675		36,070
Securitized debt	3,476		4,057
Senior Notes	2,007
Total Interest Expense	40,158		40,127
Net Interest Income	82,580		83,396
Other-Than-Temporary Impairments:
Total other-than-temporary impairment losses			(879)
Portion of loss reclassed from other comprehensive income			(41)
Net Impairment Losses Recognized in Earnings			(920)
Other Income, net:
Unrealized net gains and net interest income from Linked Transactions	1,536		7,699
Gain on sales of MBS and U.S. Treasury securities, net	1,633		2,953
Other, net	55
Other Income, net	3,224		10,652
Operating and Other Expense:
Compensation and benefits	5,273		5,612
Other general and administrative expense	3,180		2,803
Operating and Other Expense	8,453		8,415
Net Income	77,351		84,713
Less: Preferred Stock Dividends	2,040		2,040
Net Income Available to Common Stock and Participating Securities	$ 75,311		$ 82,673
Earnings per Common Share - Basic and Diluted (in dollars per share)	$ 0.21		$ 0.23
Dividends Declared per Share of Common Stock (in dollars per share)	$ 0.72	[1]	$ 0.24

[1] Includes a special dividend of $0.50 per share.