Consolidated Balance Sheets (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Agency MBS (including pledged of $1,893,209 and $1,090,174, respectively)	$ 2,072,110	$ 1,192,579
Non Agency MBS (including pledged of $367,642 and $259,350, respectively)	403,705	267,356
Securitized mortgage loans, net	118,700	152,962
Other investments, net	1,059	1,229
Total investments, net	2,595,574	1,614,126
Cash and cash equivalents	10,156	18,836
Derivative assets	0	692
Principal receivable on investments	10,305	3,739
Accrued interest receivable	12,353	6,105
Other assets, net	5,298	6,086
Total assets	2,633,686	1,649,584
Liabilities:
Repurchase agreements	2,053,686	1,234,183
Payable for securities pending settlement	74,098	0
Non recourse collateralized financing	84,013	107,105
Derivative liabilities	28,838	3,532
Accrued interest payable	1,240	1,079
Accrued dividends payable	10,903	8,192
Other liabilities	11,374	3,136
Total liabilities, net	2,264,152	1,357,227
Commitments and Contingencies (Note 13)
Shareholders’ equity:
Common stock, par value $.01 per share, 100,000,000 shares authorized; 40,380,276 and 30,342,897 shares issued and outstanding, respectively	404	303
Additional paid-in capital	634,317	538,304
Accumulated other comprehensive income	(1,605)	10,057
Accumulated deficit	(263,582)	(256,307)
Total shareholders' equity, net	369,534	292,357
Total liabilities and shareholders’ equity	$ 2,633,686	$ 1,649,584