CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets
Residential mortgage investments ($12.98 and $12.81 billion pledged at December 31, 2017 and 2016, respectively)	$ 13,454,098	$ 13,316,282
Cash collateral receivable from interest rate swap counterparties	42,506	29,660
Interest rate swap agreements at fair value		24,709
Cash and cash equivalents	103,907	56,732
Receivables and other assets	132,938	149,493
Total assets	13,733,449	13,576,876
Liabilities
Secured borrowings	12,331,060	12,145,346
Interest rate swap agreements at fair value	23,772	24,417
Unsecured borrowings	98,191	98,090
Common stock dividend payable	18,487	22,634
Accounts payable and accrued expenses	23,063	38,702
Total liabilities	12,494,573	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 December 31, 2017 and 2016, respectively	250,946	199,059
Common stock - $0.01 par value; 250,000 shares authorized: 95,698 and 95,989 shares issued and outstanding at December 31, 2017 and 2016, respectively	957	960
Paid-in capital	1,271,425	1,288,346
Accumulated deficit	(346,570)	(346,464)
Accumulated other comprehensive income	62,118	105,786
Total stockholders' equity	1,238,876	1,247,687
Total liabilities and equity	$ 13,733,449	$ 13,576,876