Consolidated Balance Sheets (USD $)	Dec. 31, 2012	Dec. 31, 2011
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 158,396,450	$ 73,064,201
Unpledged	9,758,557	18,078,052
Total mortgage-backed securities	168,155,007	91,142,253
Cash and cash equivalents	6,592,561	4,300,785
Restricted cash	840,500	417,000
Retained interests in securitizations	3,336,009	3,495,471
Accrued interest receivable	718,895	901,385
Property and equipment, net	3,774,310	3,884,056
Prepaid expenses and other assets, net	3,935,669	5,113,346
Total Assets	187,352,951	109,254,296
Liabilities
Repurchase agreements, net	150,294,174	69,528,000
Junior subordinated notes due to Bimini Capital Trust II	26,804,440	26,804,440
Accrued interest payable	123,446	71,829
Accounts payable, accrued expenses and other	6,614,119	7,483,459
Total Liabilities	183,836,179	103,887,728
Stockholders' Equity
Preferred Stock Value	0	0
Additional paid in capital	334,254,432	334,075,197
Accumulated deficit	(330,748,341)	(328,718,780)
Total Stockholders Equity	3,516,772	5,366,568
Total Liabilities and Stockholders Equity	187,352,951	109,254,296
[CommonClassAMember]
Stockholders' Equity
Common Stock, Par Value	10,617	10,087
[CommonClassBMember]
Stockholders' Equity
Common Stock, Par Value	32	32
[CommonClassCMember]
Stockholders' Equity
Common Stock, Par Value	$ 32	$ 32