Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 20,998,691	$ (2,142,901)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Stock based compensation and equity plan amortization	117,699	0
Realized and unrealized (gains) losses on mortgage-backed securities	(10,651,461)	10,563,424
Realized and unrealized loss on interest rate swaption	(1,119,525)	0
Changes in operating assets and liabilities
Accrued interest receivable	(4,005,742)	(907,884)
Prepaid expenses and other assets	(253,038)	(118,425)
Accrued interest payable	296,458	23,613
Accounts payable, accrued expenses and other	531,940	(19,540)
Due to affiliates	221,433	125,004
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	8,375,505	7,523,291
From mortgage-backed securities investments
Purchases	(1,521,605,989)	(489,923,917)
Sales	470,012,125	237,375,025
Principal repayments	52,334,880	22,563,699
Increase in restricted cash	(5,335,375)	(2,131,875)
Purchase of interest rate swaptions, net of margin cash received	1,249,625	0
NET CASH USED IN INVESTING ACTIVITIES	(1,005,843,984)	(232,117,068)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	5,306,415,537	2,423,975,175
Principal payments on repurchase agreements	(4,368,994,705)	(2,226,259,826)
Cash dividends	(14,544,220)	(3,157,873)
Proceeds from issuance of common stock		35,400,000
Proceeds From Secondary Offering	121,448,984
NET CASH PROVIDED BY FINANCING ACTIVITIES	1,044,325,596	229,957,476
NET INCREASE IN CASH AND CASH EQUIVALENTS	46,857,117	5,363,699
CASH AND CASH EQUIVALENTS, beginning of the period	8,169,402	2,537,257
CASH AND CASH EQUIVALENTS, end of the period	55,026,519	7,900,956
Cash paid during the period for:
Interest	1,608,436	793,606
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES:
Securities acquired settled in later period	66,812,482	38,720,351
Dividends paid in shares of Class A Common Stock		8,276
Securities sold settled in later period	$ 249,410,368	$ 40,955,374