Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Portfolio Income
Interest income	$ 2,697,922	$ 1,770,957
Interest expense	277,328	96,223
Net interest income	2,420,594	1,674,734
Unrealized losses on mortgage-backed securities	(805,932)	(1,544,171)
Realized (losses) gains on mortgage-backed securities	(307,795)	409,828
Losses on Eurodollar futures contracts	(39,725)	(138,525)
Net portfolio income	1,267,142	401,866
Expenses
Audit, legal and other professional fees	177,906	1,114,717
Direct REIT operating expenses	448,879	344,706
Other administrative	106,014	132,657
Total expenses	732,799	1,592,080
Net income (loss)	$ 534,343	$ (1,190,214)
Basic and diluted net income (loss) per share
Basic	$ 0.54	$ (1.21)
Diluted	$ 0.54	$ (1.21)