At

(Dollars in Thousands)

December 31, 2012

Repurchase agreements

$

8,752,472

Securitized debt

646,816

Obligation to return securities obtained as collateral

508,827

Senior Notes

100,000

Payable for unsettled MBS purchases

33,479

Total Debt

$

10,041,594

Stockholders’ Equity

3,311,006

Ratio of Debt-to-Equity

3.0:1

Debt-to-Equity Multiple

3.0

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