CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Interest income:
Residential mortgage investments	$ 215,137		$ 255,931		$ 243,077
Other	322		698		301
Interest Income	215,459		256,629		243,378
Interest expense:
Repurchase arrangements and similar borrowings	(66,368)		(69,101)		(57,328)
Unsecured borrowings	(8,736)		(8,747)		(8,747)
Other	0		0		(5)
Interest expense	(75,104)		(77,848)		(66,080)
Net interest income (expense)	140,355		178,781		177,298
Other revenue (expense):
Salaries and benefits	(5,776)		(5,929)		(5,741)
Short-term incentive compensation	(3,565)		(5,043)		(6,657)
Other general and administrative expense	(4,476)		(4,271)		(3,932)
Miscellaneous other revenue (expense)	(300)		(171)		(1,023)
Operating expenses	(14,117)		(15,414)		(17,353)
Income before equity in earnings of unconsolidated affiliates	126,238		163,367		159,945
Equity in earnings of unconsolidated affiliates	249		259		259
Net income	126,487		163,626		160,204
Net income available to common stockholders:
Net income	126,487		163,626		160,204
Less dividends paid on preferred shares	(17,536)		(21,021)		(20,369)
Less redemption preference premiums paid	(19,924)	[1]	0	[1]	0	[1]
Net income (loss) available to common stockholders, basic, total	$ 89,027		$ 142,605		$ 139,835
Net income per common share:
Basic (in dollars per share)	$ 0.93		$ 1.50		$ 1.76
Diluted (in dollars per share)	$ 0.93		$ 1.50		$ 1.75

[1] The Series A and Series B preferred shares were redeemed on June 13, 2013 (See NOTE 11).