Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 2,095,574,000	$ 1,517,304,000
Unpledged	62,436,000	31,867,000
Total mortgage-backed securities	2,158,010,000	1,549,171,000
Cash and cash equivalents	57,229,000	93,137,000
Restricted cash	12,730,000	7,790,000
Accrued interest receivable	8,490,000	6,211,000
Derivative asset, at fair value	669,000	1,217,000
Other assets	4,709,000	282,000
Total Assets	2,241,837,000	1,657,808,000
Liabilities
Repurchase agreements	1,798,813,000	1,436,651,000
FHLB Advances	187,500,000	0
Accrued interest payable	863,000	628,000
Due to affiliates	465,000	330,000
Other Liabilities	941,000	2,121,000
Total Liabilities	1,988,582,000	1,439,730,000
Stockholders' Equity
Preferred stock, $0.01 par value	0	0
Common Stock, $0.01 par value	217,000	167,000
Additional paid in capital	253,038,000	217,419,000
Accumulated deficit	0	492,000
Total Stockholders Equity	253,255,000	218,078,000
Total Liabilities and Stockholders Equity	$ 2,241,837,000	$ 1,657,808,000