Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (2,142,901)	$ 801,556
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Realized and unrealized losses on mortgage-backed securities	10,563,424	642,534
Changes in operating assets and liabilities
Accrued interest receivable	(907,884)	36,708
Prepaid expenses and other assets	(118,425)	(31,346)
Accrued interest payable	23,613	19,961
Accounts payable, accrued expenses and other	(19,540)	241
Due to affiliates	125,004	213,759
NET CASH PROVIDED BY OPERATING ACTIVITIES	7,523,291	1,683,413
From mortgage-backed securities investments
Purchases	(489,923,917)	(109,739,149)
Sales	237,375,025	91,041,151
Principal repayments	22,563,699	7,248,554
(Increase) decrease in restricted cash	(2,131,875)	82,625
NET CASH USED IN INVESTING ACTIVITIES	(232,117,068)	(11,366,819)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	2,423,975,175	389,050,234
Principal payments on repurchase agreements	(2,226,259,826)	(376,803,831)
Cash dividends	(3,157,873)	0
Proceeds from issuance of common stock	35,400,000	0
NET CASH PROVIDED BY FINANCING ACTIVITIES	229,957,476	12,246,403
NET INCREASE IN CASH AND CASH EQUIVALENTS	5,363,699	2,562,997
CASH AND CASH EQUIVALENTS, beginning of the period	2,537,257	1,891,914
CASH AND CASH EQUIVALENTS, end of the period	7,900,956	4,454,911
Cash paid during the period for:
Interest	793,606	162,854
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES:
Securities acquired settled in later period	38,720,351	0
Securities sold settled in later period	$ 40,955,374	$ 0