Consolidated Statement of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net Interest Income:
Interest income	$ 40,806	$ 23,430
Interest expense	6,402	3,390
Net Interest Income	34,404	20,040
Other Income (Loss):
Interest income on cash balances and other income (loss), net	2,384	(12)
Realized gain (loss) on sale of Mortgage-backed securities, other securities and Whole-Loans, net	7,468	3,716
Other loss on Mortgage-backed securities and other securities	(4,651)	(1,709)
Unrealized gain (loss) on Mortgage-backed securities, other securities and Whole-Loans, net	28,410	31,091
Gain on linked transactions, net		2,219
Gain (loss) on derivative instruments, net	(48,302)	(59,906)
Other Income (Loss), net	(14,691)	(24,601)
Operating Expenses:
General and administrative (includes $679 and $588 non-cash stock based compensation, respectively)	2,874	2,075
Management fee - related party	2,693	1,805
Total Operating Expenses	5,567	3,880
Net income (loss) available to Common Stock and participating securities	$ 14,146	$ (8,441)
Net income(loss) per Common Share - Basic (in dollars per share)	$ 0.34	$ (0.32)
Net income (loss) per Common Share - Diluted (in dollars per share)	$ 0.34	$ (0.32)
Dividends declared per Share of Common Stock (in dollars per share)	$ 0.67	$ 0.67