Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Portfolio Income
Interest income	$ 4,238,718	$ 5,086,441
Interest expense	436,098	270,787
Net interest income, before interest on junior subordinated notes	3,802,620	4,815,654
Interest expense on junior subordinated notes	1,049,403	1,007,603
Net interest income	2,753,217	3,808,051
Unrealized losses on mortgage-backed securities	(2,055,132)	(1,786,589)
Realized (losses) gains on mortgage-backed securities	(245,690)	941,150
Losses on Eurodollar futures	(765,719)	(1,093,612)
Net portfolio (deficiency) income	(313,324)	1,869,000
Other income:
Gains on retained interests in securitizations	4,323,329	3,189,844
Other income (expense)	36,733	(64,469)
Total/Net other income	4,360,062	3,125,375
Expenses
Compensation and related benefits	1,475,897	1,513,729
Directors fees and liability insurance	527,934	587,443
Audit, legal and other professional fees	2,776,842	3,230,130
Direct REIT operating expenses	546,666	541,758
Other administrative	748,960	1,743,508
Total expenses	6,076,299	7,616,568
Loss before income taxes	(2,029,561)	(2,622,193)
Income taxes	0	0
Net loss	$ (2,029,561)	$ (2,622,193)
[CommonClassAMember]
Basic and Diluted Net income (loss) Per Share of:
Basic	$ (0.20)	$ (0.26)
Diluted	$ (0.20)	$ (0.26)
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	10,267,885	9,889,050
Weighted Average Number Of Diluted Shares Outstanding	10,267,885	9,889,050
Dividends Declared Amount Per Share [Abstract]
Dividends Declared Per Common Share	$ 0	$ 0.0650
[CommonClassBMember]
Basic and Diluted Net income (loss) Per Share of:
Basic	$ (0.20)	$ (0.27)
Diluted	$ (0.20)	$ (0.27)
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	31,938	31,938
Weighted Average Number Of Diluted Shares Outstanding	31,938	31,938
Dividends Declared Amount Per Share [Abstract]
Dividends Declared Per Common Share	$ 0	$ 0.0650