Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest Income:
Interest Income		$ 69,478,000	$ 22,035,000	$ 150,900,000	$ 58,830,000
Interest expense		(44,333,000)	(1,614,000)	(59,773,000)	(5,677,000)
Net Interest Income		25,145,000	20,421,000	91,127,000	53,153,000
Other Income (Loss):
Realized gain (loss) on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))		0	3,724,000	(7,501,000)	11,078,000
Credit loss expense		(4,183,000)	0	(4,183,000)	0
Gain on derivatives, net	[1]	374,734,000	30,309,000	825,640,000	52,537,000
Total Other Income (Loss)		(159,883,000)	22,476,000	(332,259,000)	8,627,000
Expenses:
Management fees		8,534,000	7,899,000	24,971,000	23,055,000
Compensation		1,409,000	1,676,000	4,228,000	5,027,000
Other Operating		1,584,000	1,440,000	4,859,000	4,163,000
Total Expenses		11,527,000	11,015,000	34,058,000	32,245,000
Less management fees waived		(1,950,000)	(2,100,000)	(5,850,000)	(6,600,000)
Total Expenses after fees waived		9,577,000	8,915,000	28,208,000	25,645,000
Net Income (Loss)		(144,315,000)	33,982,000	(269,340,000)	36,135,000
Dividends on preferred stock		(2,995,000)	(2,995,000)	(8,986,000)	(8,477,000)
Net Income (Loss) available (related) to common stockholders		(147,310,000)	30,987,000	(278,326,000)	27,658,000
Reclassification adjustment for realized (gain) loss on sale of available for sale Agency Securities		0	(3,724,000)	7,501,000	(11,078,000)
Reclassification adjustment for credit loss expense on available for sale Agency Securities		4,183,000	0	4,183,000	0
Net unrealized loss on available for sale Agency Securities		(12,583,000)	(16,961,000)	(133,272,000)	(43,999,000)
Other Comprehensive loss		(8,400,000)	(20,685,000)	(121,588,000)	(55,077,000)
Comprehensive Income (Loss)		(152,715,000)	13,297,000	(390,928,000)	(18,942,000)
Comprehensive Income (Loss) available (related) to common stockholders		$ (155,710,000)	$ 10,302,000	$ (399,914,000)	$ (27,419,000)
Earnings Per Share [Abstract]
Basic (in dollars per share)		$ (1.20)	$ 0.37	$ (2.56)	$ 0.37
Diluted (in dollars per share)		(1.20)	0.36	(2.56)	0.36
Dividends declared per common share (in dollars per share)		$ 0.30	$ 0.30	$ 0.90	$ 0.90
Weighted average common shares outstanding:
Basic (in shares)		123,251	84,026	108,761	75,417
Diluted (in shares)		123,251	84,927	108,761	76,318
Agency Securities
Other Income (Loss):
Realized gain (loss) on sale of available for sale Agency Securities (reclassified from Comprehensive Income (Loss))			$ 3,724,000	$ (7,501,000)	$ 11,078,000
Debt Securities, Trading, Gain (Loss)		$ (514,483,000)	(2,387,000)	(1,017,894,000)	(45,790,000)
U.S. Treasury Securities
Other Income (Loss):
Debt Securities, Trading, Gain (Loss)		$ (15,951,000)	$ (9,170,000)	$ (128,321,000)	$ (9,198,000)

[1] Interest expense related to our interest rate swap contracts is recorded in gain on derivatives, net on the consolidated statements of operations and comprehensive income (loss). For additional information, see financial statement Note 7.