CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ 14,014,696	$ (26,778,161)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock based compensation	0	5,960
Depreciation	73,057	76,637
Deferred income tax provision (benefit)	(10,800,434)	21,321,763
Losses (gains) on mortgage-backed securities	(6,361,078)	7,883,307
Gains on retained interests in securitizations	(314,984)	(1,103,466)
Impairment of property and equipment	673,438	0
Unrealized losses on Orchid Island Capital, Inc. common stock	(820,819)	(4,392,904)
Realized and unrealized losses on TBA securities	(2,196,582)	(1,193,984)
Changes in operating assets and liabilities
Accrued interest receivable	29,660	(34,414)
Other assets	(39,141)	(986,069)
Accrued interest payable	(32,960)	331,818
Other liabilities	(255,913)	65,939
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	3,742	6,370,202
From mortgage-backed securities investments
Purchases	(65,780,690)	(94,517,053)
Sales	43,975,274	60,431,192
Principal repayments	22,749,733	23,470,494
Payments received on retained interests in securitizations	314,984	426,414
Proceeds From Termination of Retained Interests	0	4,968,740
Costs Associated With the Termination of Retained Interests	0	3,638,308
Purchases of property and equipment	0	(15,392)
Net setlement of forward settling TBA contracts	3,075,488	256,484
Purchases of Orchid Island Capital Inc., common stock	0	0
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(1,816,187)	(9,130,397)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	1,200,646,000	1,557,896,426
Principal payments on repurchase agreements	(1,191,088,000)	(1,557,683,177)
Proceeds from Issuance of Long-term Debt	680,000	0
Repayments of Long-term Debt	3,319	0
Class A common shares sold directly to employees	0	199,997
Payments For Repurchase Of Common Stock	2,277,607	165,423
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	7,957,074	247,823
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	6,144,629	(2,512,372)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	6,240,488	8,752,860
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	12,385,117	6,240,488
Cash paid during the period for:
Interest	6,207,835	5,188,009
Income Taxes	(46,700)	955,128
TBA Contracts [Member]
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Realized and unrealized losses on TBA securities	(2,196,582)	(1,193,984)
From mortgage-backed securities investments
Net setlement of forward settling TBA contracts	$ (3,075,488)	$ (256,484)