CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
| Assets |
|
|
| Residential mortgage investments ($13.09 and $13.54 billion pledged at September 30, 2016 and December 31, 2015, respectively) |
$ 13,582,323
|
$ 14,154,737
|
| Cash collateral receivable from interest rate swap counterparties |
73,191
|
50,193
|
| Interest rate swap agreements at fair value |
2,501
|
7,720
|
| Cash and cash equivalents |
83,697
|
54,185
|
| Receivables and other assets |
164,102
|
179,531
|
| Total assets |
13,905,814
|
14,446,366
|
| Liabilities |
|
|
| Secured borrowings |
12,431,839
|
12,958,394
|
| Interest rate swap agreements at fair value |
46,954
|
26,061
|
| Unsecured borrowings |
98,065
|
97,986
|
| Common stock dividend payable |
22,687
|
25,979
|
| Accounts payable and accrued expenses |
36,159
|
39,622
|
| Total liabilities |
12,635,704
|
13,148,042
|
| Stockholders' equity |
|
|
| Common stock - $0.01 par value; 250,000 shares authorized: 95,989 and 95,825 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively |
960
|
958
|
| Paid-in capital |
1,296,550
|
1,310,563
|
| Accumulated deficit |
(346,464)
|
(346,464)
|
| Accumulated other comprehensive income |
120,733
|
136,095
|
| Total stockholders' equity |
1,270,110
|
1,298,324
|
| Total liabilities and equity |
13,905,814
|
14,446,366
|
| Cumulative Redeemable Preferred Stock, Series E [Member] |
|
|
| Stockholders' equity |
|
|
| Preferred stock - $0.10 par value; 100,000 shares authorized: 7.50% Cumulative Redeemable Preferred Stock, Series E, 8,204 and 8,156 shares issued and outstanding ($205,107 and $203,902 aggregate liquidation preferences) at September 30, 2016 and December 31, 2015, respectively |
$ 198,331
|
$ 197,172
|