Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (1,145,794)	$ 256,149
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Realized and unrealized losses on mortgage-backed securities	9,982,312	798,212
Changes in operating assets and liabilities
Accrued interest receivable	(943,822)	(22,737)
Prepaid expenses and other assets	(165,453)	(27,419)
Accrued interest payable	1,759	6,401
Accounts payable, accrued expenses and other	(31,783)	9,000
Due to affiliates	118,508	172,982
NET CASH PROVIDED BY OPERATING ACTIVITIES	7,815,727	1,192,588
From mortgage-backed securities investments
Purchases	(441,631,460)	(103,196,554)
Sales	193,018,563	91,041,488
Principal repayments	14,645,075	5,375,507
(Increase) decrease in restricted cash	(8,457,250)	73,250
NET CASH USED IN INVESTING ACTIVITIES	(242,425,072)	(6,706,309)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	1,671,711,679	284,721,831
Principal payments on repurchase agreements	(1,466,917,515)	(278,221,742)
Cash dividends	(1,804,499)	0
Proceeds from issuance of common stock	35,400,000	0
NET CASH PROVIDED BY FINANCING ACTIVITIES	238,389,665	6,500,089
NET INCREASE IN CASH AND CASH EQUIVALENTS	3,780,320	986,368
CASH AND CASH EQUIVALENTS, beginning of the period	2,537,257	1,891,914
CASH AND CASH EQUIVALENTS, end of the period	6,317,577	2,878,282
Cash paid during the period for:
Interest	$ 521,547	$ 118,032