Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ 3,595,264	$ 400,358
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Realized and unrealized losses on mortgage-backed securities	(2,451,306)	(70,765)
Swaption Gain	(156,479)	0
Changes in operating assets and liabilities
Accrued interest receivable	(1,315,983)	(999,530)
Prepaid expenses and other assets	(115,291)	(236,305)
Accrued interest payable	25,216	9,965
Accounts payable, accrued expenses and other	144,539	(2,132)
Due to affiliates	50,275	(30,269)
NET CASH PROVIDED BY OPERATING ACTIVITIES	89,193	(928,678)
From mortgage-backed securities investments
Purchases	(506,249,295)	(308,658,763)
Sales	141,297,295	57,755,882
Principal repayments	10,373,059	6,092,947
Increase in restricted cash	(1,650,375)	(1,582,250)
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities	200,000	0
NET CASH USED IN INVESTING ACTIVITIES	(356,429,316)	(246,392,184)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	1,669,241,858	678,889,088
Principal payments on repurchase agreements	(1,336,552,567)	(466,384,393)
Cash dividends	(3,449,699.53)	(451,124)
Proceeds from issuance of common stock		35,400,000
Proceeds From Secondary Offering	62,498,802.53
NET CASH PROVIDED BY FINANCING ACTIVITIES	391,738,394	247,453,571
NET INCREASE IN CASH AND CASH EQUIVALENTS	35,398,271	132,709
CASH AND CASH EQUIVALENTS, beginning of the period	8,169,402	2,537,257
CASH AND CASH EQUIVALENTS, end of the period	43,567,673	2,537,257
Cash paid during the period for:
Interest	385,627	191,455
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES:
Securities acquired settled in later period	39,502,694
Dividends paid in shares of Class A Common Stock		$ 8,276