Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Portfolio Income
Interest income	$ 20,466,000	$ 14,614,000
Interest expense	3,319,000	1,296,000
Net interest income	17,147,000	13,318,000
Realized gains (losses) on mortgage-backed securities	4,242,000	(32,000)
Unrealized gains (losses) on mortgage-backed securities	3,787,000	6,320,000
(Losses) gains on derivative instruments	(27,590,000)	(12,351,000)
FHLB stock dividends	3,000	0
Net portfolio income	(2,411,000)	7,255,000
Expenses
Management Fees	971,000	855,000
Allocated Overhead	298,000	240,000
Compensation and related benefits	171,000	165,000
Directors fees and liability insurance	282,000	248,000
Audit, legal and other professional fees	247,000	160,000
Direct REIT operating expenses	139,000	42,000
Other administrative	72,000	36,000
Total expenses	2,180,000	1,746,000
Net income (loss)	$ (4,591,000)	$ 5,509,000
Basic and diluted net income (loss) per share
Basic	$ (0.21)	$ 0.33
Diluted	$ (0.21)	$ 0.33
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	21,756,065	16,846,950
Weighted Average Number Of Diluted Shares Outstanding	21,756,065	16,846,950
Dividends Declared Per Common Share	$ 0.42	$ 0.54