RESIDENTIAL MORTGAGE INVESTMENT (Tables)

6 Months Ended

Jun. 30, 2012

Schedule Of Residential Mortgage Investments

	Unpaid Principal Balance		Investment Premiums		Amortized Cost Basis		Carrying Amount  (a)		Net WAC  (b)		Average Yield  (b)
June 30, 2012
Agency Securities:
Fannie Mae/Freddie Mac:
Fixed-rate	$	3,668	$	10	$	3,678	$	3,685		6.70%		6.62%
ARMs		11,567,604		340,810		11,908,414		12,189,397		2.79		2.02
Ginnie Mae ARMs		1,527,148		46,389		1,573,537		1,594,919		2.87		2.13
		13,098,420		387,209		13,485,629		13,788,001		2.80		2.03
Residential mortgage loans:
Fixed-rate		3,123		5		3,128		3,128		6.96		7.05
ARMs		5,248		21		5,269		5,269		3.51		3.76
		8,371		26		8,397		8,397		4.79		4.97
Collateral for structured financings		3,038		51		3,089		3,089		8.07		7.55
	$	13,109,829	$	387,286	$	13,497,115	$	13,799,487		2.81		2.04
December 31, 2011
Agency Securities:
Fannie Mae/Freddie Mac:
Fixed-rate	$	4,015	$	12	$	4,027	$	4,035		6.73%		6.55%
ARMs		10,378,503		285,963		10,664,466		10,880,200		2.85		2.08
Ginnie Mae ARMs		1,312,049		37,191		1,349,240		1,368,197		3.02		2.31
		11,694,567		323,166		12,017,733		12,252,432		2.87		2.11
Residential mortgage loans:
Fixed-rate		3,234		5		3,239		3,239		6.96		6.58
ARMs		5,887		22		5,909		5,909		3.48		3.66
		9,121		27		9,148		9,148		4.71		4.69
Collateral for structured financings		3,272		54		3,326		3,326		8.04		7.60
	$	11,706,960	$	323,247	$	12,030,207	$	12,264,906		2.87		2.11