Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 14,230,204	$ (1,145,794)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Stock based compensation and equity plan amortization	54,529	0
Realized and unrealized (gains) losses on mortgage-backed securities	(14,015,405)	9,982,312
Realized and unrealized loss on interest rate swaption	(1,285,300)	0
Changes in operating assets and liabilities
Accrued interest receivable	(2,239,018)	(943,822)
Prepaid expenses and other assets	(336,756)	(165,453)
Accrued interest payable	216,878	1,759
Accounts payable, accrued expenses and other	361,329	(31,783)
Due to affiliates	70,241	118,508
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	(372,698)	7,815,727
From mortgage-backed securities investments
Purchases	(951,473,442)	(441,631,460)
Sales	420,787,208	193,018,563
Principal repayments	26,748,930	14,645,075
Increase in restricted cash	(1,138,375)	(8,457,250)
Purchase of interest rate swaptions, net of margin cash received	1,219,000	0
NET CASH USED IN INVESTING ACTIVITIES	(506,294,679)	(242,425,072)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	3,179,549,864	1,671,711,679
Principal payments on repurchase agreements	(2,714,406,069)	(1,466,917,515)
Cash dividends	(8,438,549)	(1,804,499)
Proceeds from issuance of common stock		35,400,000
Proceeds From Secondary Offering	75,077,474
NET CASH PROVIDED BY FINANCING ACTIVITIES	531,782,720	238,389,665
NET INCREASE IN CASH AND CASH EQUIVALENTS	25,115,343	3,780,320
CASH AND CASH EQUIVALENTS, beginning of the period	8,169,402
CASH AND CASH EQUIVALENTS, end of the period	33,284,745	6,317,577
Cash paid during the period for:
Interest	869,633	521,547
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES:
Securities acquired settled in later period	6,828,538
Dividends paid in shares of Class A Common Stock		$ 8,276