| Agency MBS, at fair value ($6,777,305 and $5,519,879 pledged as collateral, respectively) | |
| Non-Agency MBS, at fair value ($903,119 and $867,655 pledged as collateral, respectively) | |
| Non-Agency MBS transferred to consolidated variable interest entities ("VIEs") | |
| Cash and cash equivalents | 288.7M |
| Restricted cash | 122.66M |
| MBS linked transactions, net ("Linked Transactions"), at fair value | |
| Interest receivable | |
| Derivative hedging instruments, at fair value | |
| Real estate held-for-sale as of June 30, 2011, net | |
| Goodwill | |
| Prepaid and other assets | |
| Total Assets | 12.75B |
| Repurchase agreements | |
| Securitized debt | |
| Accrued interest payable | |
| Derivative hedging instruments, at fair value | |
| Dividends and dividend equivalents rights ("DERs") payable | |
| Accrued expenses and other liabilities | 213.33M |
| Total Liabilities | 9.72B |
| Commitments and contingencies (Note 9) | 0 |
| Preferred stock, $.01 par value; series A 8.50% cumulative redeemable; 5,000 shares authorized; 3,840 shares issued and outstanding ($96,000 aggregate liquidation preference) | 80K |
| Common stock, $.01 par value; 370,000 shares authorized; 355,459 and 280,481 issued and outstanding, respectively | 3.71M |
| Additional paid-in capital, in excess of par | 3.02B |
| Accumulated deficit | -566.92M |
| Accumulated other comprehensive income | 573.53M |
| Total Stockholders' Equity | |
| Total Liabilities and Stockholders' Equity | 12.75B |