Exhibit 12.2

Ratio of Earnings to Fixed Charges

	6 months ended June 30			Year ended December 31
(Dollars in thousands)	2013			2012			2011			2010			2009			2008
Earnings
Income from continuing operations	$	152,824		$	306,839		$	316,414		$	269,762		$	268,189		$	45,797
Fixed charges excluding preferred stock dividends		79,052			172,452			149,990			145,921			230,452			343,745
Total	$	231,876		$	479,291		$	466,404		$	415,683		$	498,641		$	389,542
Fixed charges
Interest on repurchase agreements, securitized debt and senior notes	$	78,636		$	171,670		$	149,411		$	145,125		$	229,406		$	342,688
Interest on mortgages		0			0			0			392			642			654
Estimate of interest component within rental expense		416			782			579			404			404			403
Total	$	79,052		$	172,452		$	149,990		$	145,921		$	230,452		$	343,745
Ratio of earnings to fixed charges		2.93	x		2.78	x		3.11	x		2.85	x		2.16	x		1.13	x

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

	6 months ended June 30			Year ended December 31
(Dollars in thousands)	2013			2012			2011			2010			2009			2008
Earnings
Income from continuing operations	$	152,824		$	306,839		$	316,414		$	269,762		$	268,189		$	45,797
Fixed charges excluding preferred stock dividends		79,052			172,452			149,990			145,921			230,452			343,745
Total	$	231,876		$	479,291		$	466,404		$	415,683		$	498,641		$	389,542
Fixed charges and Preferred Stock Dividends
Interest on repurchase agreements & securitized debt	$	78,636		$	171,670		$	149,411		$	145,125		$	229,406		$	342,688
Interest on mortgages		0			0			0			392			642			654
Preferred dividend requirements		6,250			8,160			8,160			8,160			8,160			8,160
Insurance Costs of Redeemed Preferred Stock		3,947			0			0			0			0			0
Estimate of interest component within rental expense		416			782			579			404			404			403
Total	$	89,249		$	180,612		$	158,150		$	154,081		$	238,612		$	351,905
Ratio of earnings to combined fixed charges and preferred stock dividends		2.60	x		2.65	x		2.95	x		2.70	x		2.09	x		1.11	x