CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Residential mortgage investments ($13.54 and $13.48 billion pledged at December 31, 2015 and December 31, 2014, respectively)	$ 14,154,737	$ 13,908,104
Cash collateral receivable from interest rate swap counterparties	50,193	53,139
Interest rate swap agreements at fair value	7,720	1,657
Cash and cash equivalents	54,185	307,526
Receivables and other assets	179,531	116,525
Total Assets	14,446,366	14,386,951
Liabilities
Secured borrowings	12,958,394	12,806,843
Interest rate swap agreements at fair value	26,061	27,034
Unsecured borrowings	97,986	97,882
Common stock dividend payable	25,979	34,054
Accounts payable and accrued expenses	39,622	30,367
Total Liabilities	13,148,042	12,996,180
Stockholders' equity
Common stock - $0.01 par value; 250,000 shares authorized: 95,825 and 95,848 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively	958	958
Paid-in capital	1,310,563	1,325,340
Accumulated deficit	(346,464)	(346,885)
Accumulated other comprehensive income	136,095	227,422
Total stockholders' equity	1,298,324	1,390,771
Total liabilities and equity	14,446,366	14,386,951
Redeemable Preferred Stock [Member] | Cumulative Redeemable Preferred Stock, Series E [Member]
Stockholders' equity
Cumulative Preferred Stock	$ 197,172	$ 183,936