CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Residential mortgage investments ($13.10 and $12.81 billion pledged at June 30, 2017 and December 31, 2016, respectively)	$ 13,598,890	$ 13,316,282
Cash collateral receivable from interest rate swap counterparties	47,518	29,660
Interest rate swap agreements at fair value	2,470	24,709
Cash and cash equivalents	59,226	56,732
Receivables and other assets	154,869	149,493
Total assets	13,862,973	13,576,876
Liabilities
Secured borrowings	12,454,183	12,145,346
Interest rate swap agreements at fair value	24,787	24,417
Unsecured borrowings	98,140	98,090
Common stock dividend payable	20,611	22,634
Accounts payable and accrued expenses	19,669	38,702
Total liabilities	12,617,390	12,329,189
Stockholders’ equity
Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 8,631 and 8,234 shares issued and outstanding ($215,787 and $205,849 aggregate liquidation preferences) at June 30, 2017 and December 31, 2016, respectively	208,870	199,059
Common stock - $0.01 par value; 250,000 shares authorized: 96,063 and 95,989 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	961	960
Paid-in capital	1,281,239	1,288,346
Accumulated deficit	(346,464)	(346,464)
Accumulated other comprehensive income	100,977	105,786
Total stockholders' equity	1,245,583	1,247,687
Total liabilities and equity	$ 13,862,973	$ 13,576,876