Exhibit12.1

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
		Year Ended December 31
(Dollars in thousands)	Six Months Ended June 30, 2007	2006	2005	2004	2003	2002
Earnings
Income from continuing operations	$  20,028	$    5,236	$    6,794	$  78,300	$  56,552	$  55,720
Fixed charges excluding preferred stock dividends	150,939	182,597	184,515	89,581	57,290	64,197
Total	$170,967	$187,833	$191,309	$167,881	$113,842	$119,917
Fixed charges
Interest on repurchase agreements	$150,608	$181,922	$183,833	$  88,888	$  56,592	$  63,491
Interest on mortgages	331	675	682	693	698	706
Preferred dividend requirements	4,080	8,160	8,160	3,576	0	0
Total	$155,019	$190,757	$192,675	$  93,157	$  57,290	$  64,197
Ratio of earnings to fixed charges and preferred stock dividends	1.10x	0.98x	0.99x	1.80x	1.99x	1.87x

Exh.12.1-1