CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Residential mortgage investments ($13.13 and $12.81 billion pledged at September 30, 2017 and December 31, 2016, respectively)	$ 13,605,583	$ 13,316,282
Cash collateral receivable from interest rate swap counterparties	47,250	29,660
Interest rate swap agreements at fair value	2,022	24,709
Cash and cash equivalents	93,454	56,732
Receivables and other assets	153,339	149,493
Total assets	13,901,648	13,576,876
Liabilities
Secured borrowings	12,467,387	12,145,346
Interest rate swap agreements at fair value	24,759	24,417
Unsecured borrowings	98,166	98,090
Common stock dividend payable	18,688	22,634
Accounts payable and accrued expenses	19,245	38,702
Total liabilities	12,628,245	12,329,189
Stockholders’ equity
Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 10,329 and 8,234 shares issued and outstanding ($258,226 and $205,849 aggregate liquidation preferences) at September 30, 2017 and December 31, 2016, respectively	250,946	199,059
Common stock - $0.01 par value; 250,000 shares authorized: 96,105 and 95,989 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	961	960
Paid-in capital	1,275,442	1,288,346
Accumulated deficit	(346,570)	(346,464)
Accumulated other comprehensive income	92,624	105,786
Total stockholders' equity	1,273,403	1,247,687
Total liabilities and equity	$ 13,901,648	$ 13,576,876