CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Residential mortgage investments ($12.92 and $12.81 billion pledged at March 31, 2017 and December 31, 2016, respectively)	$ 13,413,624	$ 13,316,282
Cash collateral receivable from interest rate swap counterparties	44,925	29,660
Interest rate swap agreements at fair value		24,709
Cash and cash equivalents	124,638	56,732
Receivables and other assets	127,526	149,493
Total assets	13,710,713	13,576,876
Liabilities
Secured borrowings	12,287,727	12,145,346
Interest rate swap agreements at fair value	22,909	24,417
Unsecured borrowings	98,115	98,090
Common stock dividend payable	20,518	22,634
Accounts payable and accrued expenses	20,739	38,702
Total liabilities	12,450,008	12,329,189
Stockholders’ equity
Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 8,246 and 8,234 shares issued and outstanding ($206,152 and $205,849 aggregate liquidation preferences) at March 31, 2017 and December 31, 2016, respectively	199,355	199,059
Common stock - $0.01 par value; 250,000 shares authorized: 96,063 and 95,989 shares issued and outstanding at March 31,2017 and December 31, 2016, respectively	961	960
Paid-in capital	1,287,314	1,288,346
Accumulated deficit	(346,464)	(346,464)
Accumulated other comprehensive income	119,539	105,786
Total stockholders' equity	1,260,705	1,247,687
Total liabilities and equity	$ 13,710,713	$ 13,576,876