Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,029,561)	$ (2,622,193)
Adjustments to reconcile net income to net cash used in operating activities:
Stock based compensation and equity plan amortization	179,765	286,108
Depreciation and amortization	119,670	119,189
Losses on mortgage-backed securities	2,300,822	845,439
Gains on retained interests in securitizations	(4,323,329)	(3,189,844)
Changes in operating assets and liabilities
Accrued interest receivable	182,490	148,192
Prepaid expenses and other assets, net	1,162,342	1,497,983
Accrued interest payable	51,617	(48,581)
Accounts payable, accrued expenses and other	(869,340)	(618,603)
NET CASH USED IN OPERATING ACTIVITIES	(3,225,524)	(3,582,310)
From mortgage-backed securities investments
Purchases	(283,121,938)	(77,580,097)
Sales	185,082,961	95,371,167
Principal repayments	18,740,736	25,352,292
Payments received on retained interests in securitizations	4,482,791	3,622,150
(Increase) decrease in restricted cash	(423,500)	3,128,885
Purchases of property and equipment	(9,924)	(108,528)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	(75,248,874)	49,785,869
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	958,011,865	488,153,453
Principal payments on repurchase agreements	(877,245,691)	(532,217,138)
Dividends paid in cash	0	(669,077)
Stock repurchases	0	(596)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	80,766,174	(44,733,358)
NET INCREASE IN CASH AND CASH EQUIVALENTS	2,291,776	1,470,201
CASH AND CASH EQUIVALENTS, beginning of the year	4,300,785	2,830,584
CASH AND CASH EQUIVALENTS, end of the year	6,592,561	4,300,785
Cash paid during the period for:
Interest	1,433,884	1,326,971
Income Taxes	$ 40,000	$ 17,706