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Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Portfolio Income    
Interest income $ 9,198,858 $ 2,697,922
Interest expense 1,126,204 277,328
Net interest income 8,072,654 2,420,594
Realized losses on mortgage-backed securities (1,198,160) (307,795)
Unrealized losses on mortgage-backed securities (10,732,690) (805,932)
Gains (losses) on Eurodollar futures contracts 4,828,288 (39,725)
Net portfolio income 970,092 1,267,142
Expenses    
Management Fees 664,100 248,900
Directors fees and liability insurance 290,232 0
Audit, legal and other professional fees 419,999 177,906
Direct REIT operating expenses 167,989 199,979
Other administrative 125,778 106,014
Total expenses 1,668,098 732,799
Net (loss) income $ (698,006) $ 534,343
Basic and diluted net (loss) income per share    
Basic $ (0.23) $ 0.54
Diluted $ (0.23) $ 0.54
Weighted Average Shares Outstanding    
Weighted Average Number Of Basic Shares Outstanding 3,011,912 981,665
Weighted Average Number Of Diluted Shares Outstanding 3,011,912 981,665