Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets    
Real estate securities, available-for-sale $ 1,759,239 [1],[2] $ 289,756
Investments in excess mortgage servicing rights at fair value 271,420 245,036
Investments in excess mortgage servicing rights, equity method investees, at fair value 183,153   
Investment in consumer loans, equity method investees 280,816   
Residential mortgage loans, held-for-investment 33,636   
Cash and cash equivalents 209,699   
Other assets 4,479 84
[Assets] 2,742,442 534,876
Liabilities    
Repurchase agreements 1,474,338 150,922
Due to affiliate 3,631 5,136
Dividends Payable 17,712   
Accrued expenses and other liabilities 1,036 462
[Liabilities] 1,496,717 156,520
Commitments and contingencies      
Equity    
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 253,025,645 issued and outstanding at June 30, 2013 2,530   
Additional paid-in capital 1,157,042 362,830
Retained earnings 66,939   
Accumulated other comprehensive income 19,214 15,526
Total Equity 1,245,725 378,356
[LiabilitiesAndStockholdersEquity] $ 2,742,442 $ 534,876
[1] (A) Fair value, which is equal to carrying value for all securities. See Note 9 regarding the estimation of fair value.
[2] (G) The total outstanding face amount was $ 18.4 million for fixed rate securities and $ 1.97 billion for floating rate securities.