Consolidated Balance Sheets (USD $)	Jun. 30, 2013	Dec. 31, 2012
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 356,205,234	$ 158,396,450
Unpledged	24,354,574	9,758,557
Total mortgage-backed securities	380,559,808	168,155,007
Cash and cash equivalents	8,649,231	6,592,561
Restricted cash	9,310,813	840,500
Retained interests in securitizations	3,462,594	3,336,009
Accrued interest receivable	1,586,531	718,895
Property and equipment, net	3,724,705	3,774,310
Prepaid expenses and other assets, net	3,844,305	3,935,669
Total Assets	411,137,987	187,352,951
Liabilities
Repurchase agreements	346,197,338	150,294,174
Junior subordinated notes due to Bimini Capital Trust II	26,804,440	26,804,440
Accrued interest payable	101,418	123,446
Accounts payable, accrued expenses and other	3,452,446	6,614,119
Total Liabilities	376,555,642	183,836,179
Equity
Preferred stock	0	0
Common stock	10,697	10,681
Additional paid in capital	334,573,398	334,254,432
Accumulated deficit	(333,318,150)	(330,748,341)
Stockholders Equity	1,265,945	3,516,772
Noncontrolling Interests	33,316,400	0
Total Equity	34,582,345	3,516,772
Total Liabilities and Equity	411,137,987	187,352,951
[VariableInterestEntityPrimaryBeneficiaryMember]
Mortgage-backed securities, at fair value
Total mortgage-backed securities	339,147,913	0
Cash and cash equivalents and restricted cash	15,223,827	0
Accrued interest receivable and other assets	1,776,445	0
Liabilities
Repurchase agreements	308,735,338	0
Accrued interest payable and other liabilities	$ 164,786	$ 0