Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Portfolio Income
Interest income	$ 2,428,699	$ 769,087	$ 3,841,957	$ 1,527,844
Interest expense	321,886	73,766	523,306	124,433
Net interest income	2,106,813	695,321	3,318,651	1,403,411
Realized (losses) gains on mortgage-backed securities	(923,454)	131,216	(823,530)	116,207
Unrealized losses on mortgage-backed securities	(9,129,622)	(1,028,754)	(9,158,782)	(914,419)
Gains (losses) on Eurodollar futures contracts	6,851,588	(1,250)	6,367,663	(25,250)
Net portfolio (loss) income	(1,094,675)	(203,467)	(295,998)	579,949
Expenses
Management Fees	185,100	61,400	310,200	120,400
Directors fees and liability insurance	82,924	0	124,385	0
Audit, legal and other professional fees	106,338	25,200	250,487	60,936
Other direct REIT operating expenses	36,243	50,136	100,627	100,142
Other administrative expenses	40,872	20,892	64,097	42,322
Total expenses	451,477	157,628	849,796	323,800
Net (loss) income	$ (1,546,152)	$ (361,095)	$ (1,145,794)	$ 256,149
Basic and diluted net (loss) income per share
Basic	$ (0.46)	$ (0.37)	$ (0.43)	$ 0.26
Diluted	$ (0.46)	$ (0.37)	$ (0.43)	$ 0.26
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	3,341,665	981,665	2,676,693	981,665
Weighted Average Number Of Diluted Shares Outstanding	3,341,665	981,665	2,676,693	981,665
Dividends Declared Amount Per Share [Abstract]
Dividends Declared Per Common Share	$ 0.405	$ 0	$ 0.540	$ 0