Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets:
Mortgage-backed securities (including pledged of $2,730,427 and $2,640,884 respectively)	$ 2,864,822	$ 3,026,989
U.S. Treasuries (including pledged of $73,343 and $124,215, respectively)	204,535	146,530
Mortgage loans held for investment, net	15,099	15,738
Cash and cash equivalents	28,072	40,867
Restricted cash	58,312	46,333
Derivative assets	4,754	2,940
Receivable for securities sold	643	0
Principal receivable on investments	66	165
Accrued interest receivable	22,913	19,819
Other assets, net	6,456	6,397
Total assets	3,205,672	3,305,778
Liabilities:
Repurchase agreements	2,613,892	2,565,902
Payable for unsettled securities	23,468	156,899
Non-recourse collateralized financing	5,290	5,520
Derivative liabilities	0	269
Accrued interest payable	5,123	3,734
Accrued dividends payable	12,563	12,526
Other liabilities	1,712	3,870
Total liabilities	2,662,048	2,748,720
Shareholders’ Equity:
Preferred stock, par value $.01 per share; 50,000,000 shares authorized; 5,908,999 and 5,888,680 shares issued and outstanding, respectively ($147,725 and $147,217 aggregate liquidation preference, respectively)	141,788	141,294
Common stock, par value $.01 per share, 200,000,000 shares authorized; 55,996,048 and 55,831,549 shares issued and outstanding, respectively	560	558
Additional paid-in capital	776,117	775,873
Accumulated other comprehensive loss	(54,159)	(8,697)
Accumulated deficit	(320,682)	(351,970)
Total shareholders’ equity	543,624	557,058
Total liabilities and shareholders’ equity	$ 3,205,672	$ 3,305,778